Double Bottom Formation for BALKRISIND Up Trend Ahead !

For BALKRISIND ,there is a double bottom formation in the 1 hr chart signalling the re-tracement of the daily chart downtrend has started , if the price closes above 738.5 we can go for a long
position and the target will be 764

Zlecenie aktywne:

The chart above with 1hr could be misleading as once the entry is triggered , the stop loss was never hit (you can refer to the 15 min chart for more details) , hence the trade is still active

Do keep the stop loss intact as good discipline makes a good trader

Zlecenie zamknięto ręcznie:

The Trade shall be closed ,i hope the target would be hit , however on conservative case it is better to secure capital first ...

Need to set a conservative target moving forward

Komentarz:

Target Reached :-) , lets keep learning !