Wonderful 1:3 Risk Reward in Alok Industries, plan your position properly and win. Reason to trade - 1. RRR = 1:3 2. Price just above the beautiful demand area 3. Pin Bar formation which indicates the bulls are in power 4. Last breakout was with power and the follow up red candles are just a sort of retest. 5. Beautiful pivot support
Request - Please do not modify the risk in you take the intraday trade if it hit the SL means trade failed.
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LIKE your Efforts..! my chart setup with heiken ashi candle . !
champtrade111
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Hourly chart following trendline , last candle moderately bullish after doji candle ..so trend formation is bullish on monday..demand 26.50 and supply 27.50 .. that means buy 26.50 and sell on 27.50 intraday. !!