Stock's selection based on 5 Point Analysis: 1: Idea : Breakout. 2: Support : Volume, Delivery & VWAP. 3: Technical : 9/21/55/200-EMA, RS>0, MACD, RSI & Super trend up. 4: Fundamental : PE, PAT, Industry & peer PE and sector performance. 5: Timing : Entry Timing on daily chart.
Disclaimer : It is my personal view as a trader and for educational purpose only. Equity market involves risk. Please consult your financial adviser before taking any decision.
s sir nice breakout,if we wait for monthly close it will be better
SthitaprajnaYogi
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@sankarlal, yaah but this is a weekly breakout, from here lower price above trendline level is a good buy..
Ethical_Bear
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so if this is for a week target, I assume it to be bullish for the whole week with high momentum.
SthitaprajnaYogi
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@Ethical_Bear, may be or may not be!! you know according to my theory "One can't predict how much time it need to complete the target.." I am following weekly bases candle and pattern that all..
Ethical_Bear
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got it, even I do the same as it helps me a lot, these weekly basis candles are really handy if added with Little flavour of Volumes 😇