ABBOTINDIA - Breakout after consolidation - Swing
This analysis is done purely on basis of price action and chart patterns.
The analysis is done on weekly TF hence it can take couple of weeks to reach the target. But as the stock is in bullish trend on longer TF, it may reach target within few days as well.
Trade Logic, SL and Target is shown in image itself.
Daily TF chart is attached below for reference.
This analysis is for study purpose. Traders must do their own study before entering into any trade. Traders should trade with their own risk capacity and money management.
Feel Free to comment for any query or suggestion regarding this stock or Price Action Analysis
The analysis is done on weekly TF hence it can take couple of weeks to reach the target. But as the stock is in bullish trend on longer TF, it may reach target within few days as well.
Trade Logic, SL and Target is shown in image itself.
Daily TF chart is attached below for reference.
This analysis is for study purpose. Traders must do their own study before entering into any trade. Traders should trade with their own risk capacity and money management.
Feel Free to comment for any query or suggestion regarding this stock or Price Action Analysis
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