Sunpharma is at very good buying zone and yet to form a bullish impulse.
At the point 482.05, the market printed a sharp breakout impulse and divert the market into the bull lane.
After the change, again the market been through a correction-breakout setup (shown in the graph).
Although, Back to back correction-breakout structure formation confirms the next move might be in bull lane.
Even the market printing signals at 570.20 as a flag correction and yet to form a potential impulse to reach the top with a breakout setup.
So, placing the buy trade setup at this point will give you a nice reward in low risk.
By the facts, if the break out appears mean, the signals will soar like a quick jet to the top. I’m expecting the run may up to 642.
In a negative view, if accidentally the candles start to grow in a bear lane from the current price action means. End the trade at 538.35
EYES ON CHART, WATCH THE MOVE AND DECIDE YOUR TRADE.
SIGNAL SPECIFICATION:
Pair: SUNPHARMA
Order: BUY
Entry: 570.20.
Take profit:642.00
Stop loss: 538.35
Risk Vs Reward: 2.25.
Our Unique Features:
1. Follow our 15 signals ….10% equity will increase in your account for sure.
2. We are not Trailing stop! or average the trades.
3. 2% Risk Management Per trade.
4. Risk vs Reward up to 1:7.
Note:
Trade signals would usually have a risk to reward ratio of 1:2.
It means that even 2 out of 4 signals hits their SL marks, the other two would have closed with profit.
This allows you to be good in overall pips profit.
Signals are usually inter-day (Based on the daily candle) therefore, trades would usually have a holding time of an average minimum of 24 hours.
Note: Everything works with Best money management.
Note: Please leave comments for any query.
Disclaimer: This is my trading experience, it is not an invite or recommendation to trade.
Best
Forextamil
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