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Rectangle Channel Breakout

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COLGATE-PALM (IND) (NSE:COLPAL)  
praveen.bhatiya Actualizado   
NSE:COLPAL   COLGATE-PALM (IND)
Supply and Demand Rectangle COLPAL colgate LONG riskreward
3
0
supplyanddemand rectangle colpal colgate long riskreward
The stock has formed "Rectangle Channel" and trading above it. This simple patter offers an opportunity to trade with a reasonable Risk to Reward ratio of 3. One can go long at 1193-1195 with SL of 1168 and can expect a target of 1265 in coming days.
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
Operación activa
Operación cerrada manualmente:
Closed with small profit as not moving would look somewhere else to trade.

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