• Ultra tech was moving in parallel channel from Q3-2024.
• A perfect channel could be fitted on the stock.
• Last 1 weeks there is a significant volumn spike in the stock.
• Last week closing was above the channel
• If this week closing is above previous week closing then bullish move confirmed
• Swing stop loss is 1214
• Target are channel length + 12500 that is 12500 + 2000=14500 in the chart.
• An opportunity of 1: 4.5 RR in swing trending.
• Already retested the support
• Go long only when todays daily close is above yesterdays close. As index looking week tread with caution and sl.
• Idea is for educational purpose and explore the price action learning with trading psychology.
• Have fun traders!!! 😊
• A perfect channel could be fitted on the stock.
• Last 1 weeks there is a significant volumn spike in the stock.
• Last week closing was above the channel
• If this week closing is above previous week closing then bullish move confirmed
• Swing stop loss is 1214
• Target are channel length + 12500 that is 12500 + 2000=14500 in the chart.
• An opportunity of 1: 4.5 RR in swing trending.
• Already retested the support
• Go long only when todays daily close is above yesterdays close. As index looking week tread with caution and sl.
• Idea is for educational purpose and explore the price action learning with trading psychology.
• Have fun traders!!! 😊
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.