GRASIM - Triangle Breakout- Long

Hi Guys,

Greetings!!!

Trading Checklist:

Script Name: GRASIM
Trend : Uptrend / Downtrend
EMA: Bullish / Bearish
ATR Volatility: Peak / Down / Flat
Time Frame Analysis: 1Hr / Daily / Weekly / Monthly
Candlestick Pattern:
Whether any Trend Reversal Pattern? Bearish Engulfing
Candlestick Pattern was support with good volume? No
Chart Pattern:
Channel Pattern / Flag Pattern / Triangle Pattern / Head & Shoulder Pattern / Cup and Handle Pattern / Raising Wedge / Falling Wedge
Breakout Happened with good volume? – Yes / No
Before Breakout Buildup (Consolidation) was happened? Support or Resistance
Retest Happened? No
Support: 1352
Resistance: 1469
Buy / Sell Price: 1472-1475
SL: 1415.90 (Daily Closing Basis)
Target: 1593.15
Risk: 59.05
Reward: 118.10
Ratio: 1:2
Whether Trade is Favorable or Not? Favorable

Regards,
Thenali Views