Channel breakout on Nifty Healthcare index

8 Haz

Nifty healthcare index broke out of channel pattern with multiple support and resistance level tested. Looking at the strong bullish breakout, there appears to be a good 5-7% potential with low risk of around 2.7%. Stoploss can be had just below breakout candle with target the width of the channel. This gives an ideal risk reward of 1:2 depending on where your entry is.

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