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SUNPHARMA: PROFIT ON LOW RISK-BULLISH

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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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Good Luck…!!

09 Jul 2018 1:01 pm 0 Posted by tamilforex

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