mukeshsingh92

Schneider Electric is ready to give electric shock

Long
NSE:SCHNEIDER   SCHNEIDER ELECTR
chart is self explanatory, a long term downward slopping channel breakout is confirmed about 95, and stock is maintaining those higly strongl with good volumes. with is W pattern almost on the verge of the breakout Target can 35-50% from here.
Just buy and wait patiently..
Disclosure :- I own this @ 102 rs .
Trade active: No Need to panic. Stay invested. 102 has shown support today and in Weekly chart this is still having momentum.

Comments

I BOUGHT IT AT 114 ON CLOSING BASIS ABOVE PREVIOUS SUPPLY. DOES IT STILL HAVE POTENTIAL UPSIDE?
+1 Reply
@SRIVXTSA, yes. hold patiently, 104 is the immediate support.. on closing basis, if 104 is violated on day's close then exit the next day... but for now... it is going to make 145... so hold and wait
Reply
SRIVXTSA mukeshsingh92
@mukeshsingh92, I am holding it as a long-term trade. but if 104 is violated should I exit the trade which is a swing to investment trade?
Reply
@SRIVXTSA, if view is long term then u can wait.. no need to exit
Reply
SRIVXTSA mukeshsingh92
@mukeshsingh92, ok thanks
Reply
hi the trade seems to be going against my trend.does it still have potential upside?
Reply
@SRIVXTSA, Hold it. No need to panic.
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@SRIVXTSA, I hope you haven't sold and still holding.. Today this has shown some strength .
Reply
SRIVXTSA mukeshsingh92
@mukeshsingh92, yes still holding.
Reply
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