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Double bottom is created and there is a good volume in break through level and duration is more than 20 days(june 15 – aug 1).
COMPANY : SBIN DIRECTION : LONG
ENTRY – 275
SL – 250
TGT – 300
and inverted flag pattern is also formed.
DEAR SIR /MADAM
FORMATION OF PATTERN IS EXCELLENT
We are doing analysis only with past data and hence select the trade where the target is ALREADY REACHED
IN the TRADE planned, there is MORE risk 25 than the arrived reward 15 by the arrived target 290
We cannot continue the trade to reach the desired target of 300 since the scrip had already triggered the stop loss250 during the last week of AUG HAPPY TECHNICAL ANALYSIS
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