HONASA CONSUMER - Swing Trade Analysis - 22nd June #stocks

Jun 22

HONASA CONSUMER (1W TF) - Swing Trade Analysis given on 22nd June, 2024

Pattern: SYMMETRICAL TRIANGLE BREAKOUT
- Weekly Resistance Breakout - Done ✓
- Weekly Volume Buildup at Resistance - Done ✓
- Weekly Trendline Zone Retest with Pullback - Done ✓
- Demand Zone Consolidation - In Progress

* Disclaimer

Jul 4

Trade active

HONASA Update (as on 4th July, 2024)

✓ 12.5% Up in 9 Trading Sessions

- Target Level Achieved with strong volumes candle today
- Clear entry at the demand zone
- However, post entry manipulation happened below the demand zone for SL hunting
- As per the strategy, waited for EOD candles to see the structure formation (on a weekly time frame ) & hence held through this week
- TSL is tight and close

* Disclaimer