CEBBCO Weekly: Looks good for more upside above 31.0
1) 6 Yr Resistance Line BO
2) Cup & Handle BO
3) Commercial Vehicles Body Manufacturer
Trade active
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Target 1 achieved!
Comment
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After many requests I have finally created my Telegram channel for sharing Price Action Chart Ideas. I will also be sharing a daily toolkit for next trading day containing Intraday and Swing ideas along with Chart logic.
That's a wonderful pattern.
I would like to warn investors/traders (Beginners)
- The fundamentals of this company is very weak/unstable.
- It's already in ASM list and about 85% of the promotor's holding is pledged within just 1 quarter!
- It's already hitting upper circuits for some days
- It's already near 52 week high.
- Remember this might be a 'Pump and dump' scenario where the institutes will just manipulate the stock.
So, if you've no or less experience. Then better enter with less quantity or just skip this trade.
(This is my personal view. Just wanted other people to beware)
Kapil-Mittal
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@Omsai1238, I totally agree with you. Traders with little experience or poor risk management practice may find themselves stuck in it. Thank you for sharing your opinion.
Omsai1238
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@ikapilmittal, Yes definitely.
MrKartik
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@Omsai1238, Thank you so much sir, I really appreciate that you warned new investors. I don’t usually meet people like you in the market. Thanks for commenting.