Chenab Limited
做多
已更新

CHBL PROBABLY IN WAVE ' 5 ' OR ' B ' - LONG

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CHBL is most probably in wave 5 or B

We are sharing our two preferred possibilities:

Green wave: If the wave unfolds as the green impulse wave then price will most probably reach 12 level & above

Red wave: if the wave unfolds as red correction, the price will most probably reach 10.70 - 10.90 level and reverse.

Important Note: This trade is purely speculative as CHBL is fundamentally a weak company in our opinion therefore we recommend small traders to avoid this trade.

Trade Setup:

Entry level: Anything less than or equal to 10.25

Targets:
1st target: 10.70 (will close 50% position)
2nd target: 12.00 (will close 50% position)

Let see how this plays, Good Luck!

Disclaimer: The information presented in this wave analysis is intended solely for educational and informational purposes. It does not constitute financial or trading advice, nor should it be interpreted as a recommendation to buy or sell any securities.
註釋
We will enter this trade, once price breaks above 10.24.
交易進行
Apologies for updating this with delay

Entry level: 10.30

Targets:
1st target: 10.70 (will close 50% position)
2nd target: 12.00 (will close 50% position)
註釋
1st target reached, closed 50% positions at 10.70
註釋
stop loss at 9.31
註釋
we were anticipating an upward thrust but price has not moved as expected. Also, we have far better opportunities at hand therefore we have exited this trade.
手動結束交易
We have closed remaining positions at 10.30.

Overall performance -

Entry price: 10.30

Exit price: 10.70 (50%) & 10.30 (50%) - (10.50 averaged)

Profit @ share: 0.20

Gross profit: 1.94%
註釋
Price will target 12 & above level now.

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