Cyril-Richard

Eris Lifesciences Triangle Consolidation

Long
NSE:ERIS   ERIS LIFESCIENCES
Eris Lifesciences has been consolidating effectively within a triangle pattern, finding strong support at the trendlines. This presents an ideal opportunity for accumulation, either upon breakout or currently, with a stop loss positioned below the supporting trendline. If you're getting in now, use a stop loss around 800. If you're buying during the breakout, adjust your stop accordingly. Aim for a risk-reward ratio of 1:2 or 1:3. There's big potential for gains.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.