TORNTPOWER - Darvas Box Pattern - 36% ROI
Updated
1 – Two years consolidation
2 – Darvas box – Range breakout volume in weekly time frame
3 – Retest & 5 weeks of consolidation after breakout
4 - Continuation breakout confirms uptrend after 5 weeks of consolidation period
5 – Above all EMAs
6 – HH & HL pattern with trend line support
Aggressive entry level – 672
Safe entry level – 646
Stop level – 570 – -11.75% ROI
Target 1 – 790 – 22% ROI
Target 2 – 880 – 36% ROI
All details are given on chart. If you like the analyses please do share it with your friends, like and follow me for more such interesting charts.
Disc - Am not a SEBI registered. Please do your own analyses before taking position. This post is only for educational purposes and not a trading recommendation
2 – Darvas box – Range breakout volume in weekly time frame
3 – Retest & 5 weeks of consolidation after breakout
4 - Continuation breakout confirms uptrend after 5 weeks of consolidation period
5 – Above all EMAs
6 – HH & HL pattern with trend line support
Aggressive entry level – 672
Safe entry level – 646
Stop level – 570 – -11.75% ROI
Target 1 – 790 – 22% ROI
Target 2 – 880 – 36% ROI
All details are given on chart. If you like the analyses please do share it with your friends, like and follow me for more such interesting charts.
Disc - Am not a SEBI registered. Please do your own analyses before taking position. This post is only for educational purposes and not a trading recommendation
Trade closed: target reached
All targets achieved and trading above all levels.Close to 47% ROI.
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