ENGINERSIN can be bought for swing trading. Price broke out of EMA 50 and also crossed previous swing high. Also after giving breakout of EMA 50 it is in pullback mode and it has formed bullish pin bar and after that pin bar it formed inside bar. MACD also confirms an up trend and facing up and also moving towards zero line. Risk Reward 1:2.
Isnt that inside bar after the pullback showing a bearish reversal ? And its followed by another bearish bar.
drkrushna86
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sir i am viewer of your youtube channel.i like your videos.thanks for making knowledgeful videos for us.
i have a question regarding above view of engineersin , how you predict the target of 148?
and i am learning swing trading in options so please tell any option strategy regarding swing trading in stocks.
UnknownUnicorn3109011
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@drkrushna86, It's simple I target double the risk amount so if risk is R then my target will be 2R. That is why I mentioned risk:reward ratio 1:2.