Get started
SWING2TRADER

Possible Zone Breakout in Ganesh Benzoplast

Long
GANESH BENZOPLAST LTD (NSE:GANESHBE)  
SWING2TRADER  
NSE:GANESHBE   GANESH BENZOPLAST LTD
Supply and Demand Trend Lines Moving Averages 52weekhighs alltimehigh demandandsupplyzones movingaveragepriceaction riskreward LONG Bullish Patterns Daily Charts
4
2
supplyanddemand trendline movingaverage 52weekhighs alltimehigh demandandsupplyzones movingaveragepriceaction riskreward long bullish daily
Ganesh Benzoplast is ready for zone breakout. If we narrow down the time frame, we can observe price is constantly taking support at 50MA which is healthy price action.
Breakout will be confirmed if the price closes above 142.

Trade set-up
1) Enter trade only if price closes above 142 in daily time frame.
2) Possible targets for the trade153,170,187.
3) Stop loss at 120.

Note:-
This is not a recommendation. Do your own analysis.

Pls feel free to share your thoughts on this trade.

thanks.
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.