REXNORD : Target 200 % in 6 months
Hello Traders!
I hope you are doing well.
In this chart as you can see price bounces each time it comes down to 50 ma band and gains momentum to give a good rally. This time again it seems that price is trying to bounce from the same moving average. So higher probability is that it'll give another rally for a huge target in a short period of time that is 3 to 6 months. Price shows trendline breakout. Risk is little and reward is huge in this trade, i.e. 1 : 8.
Target is more than 200 % as per my POM Advance Trading System
Entry can be taken at current market price.
Rest the chart explains everything.
👉This analysis is for educational purpose only.
I hope you are doing well.
In this chart as you can see price bounces each time it comes down to 50 ma band and gains momentum to give a good rally. This time again it seems that price is trying to bounce from the same moving average. So higher probability is that it'll give another rally for a huge target in a short period of time that is 3 to 6 months. Price shows trendline breakout. Risk is little and reward is huge in this trade, i.e. 1 : 8.
Target is more than 200 % as per my POM Advance Trading System
Entry can be taken at current market price.
Rest the chart explains everything.
👉This analysis is for educational purpose only.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.