ALKYL AMINES: A classical channel BO with 1:7 RR

• AlKYL AMINES was moving in a downward parallel channel from Q4-2022.
• A perfect channel could be fitted on the downtrend
• Last 3 weeks there is a significant volumn spike in the stock.
• Last week closing was above the downward channel
• If this week closing is above previous week closing then bullish move confirmed
• Swing stop loss is 2160
• Positional sl is 2031
• Target are mentioned in the chart.
• An opportunity of 1: 5 RR in swing trending.
• Positional trader may hold this trade till ATH @4725 with a 1: 7 RR.
• Idea is for educational purpose and explore the price action learning with trading psychology.
• Have fun traders!!! 😊