CIE Automotive India Ltd. TGT 572-600-700 SL BELOW 475-500ZONE
Updated
CIE Automotive India Ltd. is an interesting chart with following
1. RSI on all time frames DWM Above 60
2. Narrowing Bollinger Bands on weekly chart
3. ABCD Pattern on weekly chart
4. Stock Out Performing benchmark and Sectoral index both on 1 week and 3 months
5. Higher Trade and Delivery quantity on weekly time frames.
Last but not the least - A Mahindra Group Company
Can be a good Buy on dips and dips only with major support near 475-500 zone for a target of 572-600 and 700 levels positionally
Lets See How it evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
1. RSI on all time frames DWM Above 60
2. Narrowing Bollinger Bands on weekly chart
3. ABCD Pattern on weekly chart
4. Stock Out Performing benchmark and Sectoral index both on 1 week and 3 months
5. Higher Trade and Delivery quantity on weekly time frames.
Last but not the least - A Mahindra Group Company
Can be a good Buy on dips and dips only with major support near 475-500 zone for a target of 572-600 and 700 levels positionally
Lets See How it evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
Trade closed: target reached
target achieved in 2nd week of july stock made a high of 618 +
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