CHOLA - Parallel Channel & Retest

Mar 17, 2023

The stock analysed on following parameter :

- Parallel Channel Breakout.
- Area of Confluence : the price retest breakout level and now resistance level acting as support.
- Fib Level : price retrenched to 50% and uptrend signal visible.
- EMA : price above all key moving average.
- Candle Analysis : Doji follow up with Bullish Candle from retest level.

The short term resistance level will be Rs 800 and stop loss can be placed below support level.

Thanks
-AJ

Mar 29, 2023

Note

Strong support at ema 200.

Mar 31, 2023

Note

perfect set up, the gap created during breakout - filled.
strong support at 200ema and price closed above trendline & ema 20 | 50.

Apr 6, 2023

Note

price broken the yearly resistance at Rs 800 with Breakaway Gap.

support will be at Rs 796 (trailing stop loss).

Apr 27, 2023

Note

Flag Breakout

May 4, 2023

Note

impeccable return of 25% in 2.5 months.

trail the stop loss.

May 5, 2023

Trade closed: target reached

Target of Rs 980 achieved.

Re- entry level will be above Rs 1000.

May 18, 2023

Note

Re-enter with stop loss below Rs 1000.

Jun 30, 2023

Trade active

Three white soldier !!