RSWM - Flag and Pole Pattern
Hello Trader,
Came across a stock from the textile space that is looking good on both technical and fundamentals levels.
Technically it has formed a head and shoulder on daily with a pullback or a probable flag and pattern, it has also corrected well and seems like a good time to trade
CMP: 200
Target 1: 216 (R:R - 1:1)
Target 2: 232 (R:R - 1:2)
Stop Loss: 184
R:R - Risk to Reward Ratio
On weekly we can also see it forming a Higher high and Higher low
Fundamentally on the intrinsic value front it is undervalued and has great potential has a long term investment as well
Came across a stock from the textile space that is looking good on both technical and fundamentals levels.
Technically it has formed a head and shoulder on daily with a pullback or a probable flag and pattern, it has also corrected well and seems like a good time to trade
CMP: 200
Target 1: 216 (R:R - 1:1)
Target 2: 232 (R:R - 1:2)
Stop Loss: 184
R:R - Risk to Reward Ratio
On weekly we can also see it forming a Higher high and Higher low
Fundamentally on the intrinsic value front it is undervalued and has great potential has a long term investment as well
Note
This happened very quick, Target 1: Hit
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.