stockkar

MAHSEAMLESS- Inverted Head Shoulder

Long
NSE:MAHSEAMLES   MAHARASHTRA SEAML
buy above 315 in intraday and positional
for positional stoploss - 285 and target1 355

For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.

Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis

NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.

Comments

i brought mahseamles @317 - 95 quantity , should i hold? please suggest
+9 Reply
@rs1206487, hold
+1 Reply
mcpriceaction sambhavgandhi02
@sambhavgandhi02, keep sl always, in this case 300 to protect your loss 310-315 strong resistance zone
Reply
Great analysis, structure also looks good.
+3 Reply
mcpriceaction InvestPro_India
@InvestPro_India, Hmmm, Left and right shoulder are not made properly, as far as BO is concerned This stock is has 310-315 strong resistance zone. so it try to break it only but above 331 is also a resistance see its fall. But gud analysis.
Reply
well, explained
+1 Reply
Excellent analysis vivek bro
+1 Reply
Achhe breakout ke bawjood ye itne sare red candle kyu de raha h
+1 Reply
HI, how fibonacci pivots enabled? i mean this "45.50(14.66%) 910" comed automatically ?how its done
Reply
Excellent work as always and making all of us proud (being picked in Editor's choice)
Reply