On the last session of previous week price breakout a more then one year old resistance and gives a good close above that resistance and it is a highest weekly close ever by this stock so it seems a good opportunity to go long in this stock.
Target Identify by two ways-:
1- One is theoretical way to measure a triangle breakout which is trading on it's all time high and no previous resistance is standing so we can use the Height of triangle from where it took resistance to swing low it made after for what are the potential target can arrived in coming sessions.
2- A rising trendline resistance I plotted on this chart, which is also adjoin the same levels where the height of triangle is indicating the coming target, so according to me the point of target is looking so logical.
Stop loss-:
So if we are going long in any of scrip I think the exit in loss (stop loss) is more important so I always believe to take and mention stop loss and that is 2600 levels are looking a strong support now on weekly candle below basis.
Retesting levels-:
2780 to 2800 levels which mentioned on chart as triangle resistance which will be act as a breakout retest zone now, some traders like to enter when retesting will complete it totally the matter of choice of a trader and some how it a part of your trading style and risk management too.
MOVING AVERAGES-: (EMA)
Daily Chart- Price Trading Above 20, 50, 100, 200 Moving Average.
Weekly Chart- Price Trading Above 20, 50, 100, 200 Moving Average.
Monthly Chart- Price Trading Above 20, 50, 100, 200 Moving Average.
RSI-:
Daily Chart- 73.23 (Bullish)
Weekly Chart- 67.88 (Bullish not Overheated)
Monthly Chart- 66.34 (Bullish not Overheated)
Key Strengths-:
Higher Highs and Higher Lows.
Price trading above on all moving averages on Daily, weekly and monthly time frames.
Daily and weekly and monthly RSI are Bullish.
KINDLY NOTE-: This is not and trade or investment advice. This idea is meant for learning. Invest your capital at your own risk.
Regards-: Amit
Target Identify by two ways-:
1- One is theoretical way to measure a triangle breakout which is trading on it's all time high and no previous resistance is standing so we can use the Height of triangle from where it took resistance to swing low it made after for what are the potential target can arrived in coming sessions.
2- A rising trendline resistance I plotted on this chart, which is also adjoin the same levels where the height of triangle is indicating the coming target, so according to me the point of target is looking so logical.
Stop loss-:
So if we are going long in any of scrip I think the exit in loss (stop loss) is more important so I always believe to take and mention stop loss and that is 2600 levels are looking a strong support now on weekly candle below basis.
Retesting levels-:
2780 to 2800 levels which mentioned on chart as triangle resistance which will be act as a breakout retest zone now, some traders like to enter when retesting will complete it totally the matter of choice of a trader and some how it a part of your trading style and risk management too.
MOVING AVERAGES-: (EMA)
Daily Chart- Price Trading Above 20, 50, 100, 200 Moving Average.
Weekly Chart- Price Trading Above 20, 50, 100, 200 Moving Average.
Monthly Chart- Price Trading Above 20, 50, 100, 200 Moving Average.
RSI-:
Daily Chart- 73.23 (Bullish)
Weekly Chart- 67.88 (Bullish not Overheated)
Monthly Chart- 66.34 (Bullish not Overheated)
Key Strengths-:
Higher Highs and Higher Lows.
Price trading above on all moving averages on Daily, weekly and monthly time frames.
Daily and weekly and monthly RSI are Bullish.
KINDLY NOTE-: This is not and trade or investment advice. This idea is meant for learning. Invest your capital at your own risk.
Regards-: Amit
Comment:
DAILY CHART ALSO IMPROVING
Comment:
3000 A PSHYCOLOGICAL LEVELS ARRIVED FIRST TIME IN IT.
STOP LOSS UPDATE- NOW I REVISE STOP LOSS ON MY ENTRY PRICE OF 2850 BELOW ON DAILY CANDLE CLOSE BASIS AND WILL WAIT FOR THE TARGET.
STOP LOSS UPDATE- NOW I REVISE STOP LOSS ON MY ENTRY PRICE OF 2850 BELOW ON DAILY CANDLE CLOSE BASIS AND WILL WAIT FOR THE TARGET.
Comment:
ANOTHER HIGHER WEEKLY CLOSE, GOOD TO GO WILL TRAIL STOP LOSS TO COST NOW FOR THE TARGET.
Comment:
Most likely we will get a highest closing above weekly closing resistance after breakout published, If close above we can see fresh momentum and mention targets in coming week reached 3200 from 2860 levels so far
Comment:
Last week we got a highest weekly close after breakout, and most likely today it will give a highest day close above previous swing high from where it went down so if this day close will come it will give more intact to this breakout towards target.
Reached 3259 from 2861 gained almost 14% so far
Reached 3259 from 2861 gained almost 14% so far
Comment:
Great move by Titan company today as mention in update above that price gives a fresh breakout and now giving good returns for fresh longs too, First breakout entry gained 17% from overall upside target of 30% more thyen half way complete, find a new way of marking target which is also indicating the same target which i mention in idea description
Comment:
Hi traders updating this publication after many days find and intresting thing so i want to share with all of you, So as we can see in this update that from where price took resistance earlier at the same price levels it took support after breakout and the main thing want to share is that price breakout a consolidation range and want close above mentioned weekly close resistance in this update so if it will close above that resistance we can see a fresh spark in momentum friends towards marked targets in idea description so far reached 3365 from 2861 and trading on all time high to this time again, That's all thanks for reading mates
Comment:
Hi traders updating this idea according to update above, as updated a resistance veiw above so we can see it buildup a fresh momentum after reistance breakout and close above moved out more then 100 points from there and straight heading towards to the final target mentioned in publication guys, Gained 20% so far from publication i still want to keep and want to wait for the target as a discipline trader. One more important thing want to share friends and that is about a breakout retest i assume that after this resistance breakout price can come down towards resistance before target and will bounce from there as a support so it will be one more trade opportunity will made if this will happen. Now sharing original snapshot for published idea for better view
Comment:
Today price reached 3595 from 2860 levels, very close to the trendline target of 3600-3610 levels, So now i am taking my 70-80% gains from overall position, So far gained 29.70% from breakout levels for the mentioned 30% target, And for the taken trade after breakout that is also gained 25%. I am happy to share the sucess of this with all of you mates, This was one of best from all 2023 trades and did very well for me please consider this update as a second last update next i will update on with full and final closure with mentioned trendline measured target in idea when price will touch to that trednline or may be intercept that. Thanks for reading and giving your valuable support to my publication friends !!
Trade closed: target reached:
Target Update-:
Hi traders sharing last and final update for this idea that today it reached measured 30% target from breakout levels and gained 27% from this trade by the breakout entry, So now i am closing this idea completly will publish a new idea on Titan company if i will find any new trading opportunity in it. Thanks for reading and giving your valuable support to mine this publication mates.
Hi traders sharing last and final update for this idea that today it reached measured 30% target from breakout levels and gained 27% from this trade by the breakout entry, So now i am closing this idea completly will publish a new idea on Titan company if i will find any new trading opportunity in it. Thanks for reading and giving your valuable support to mine this publication mates.
