srikartiram

WONDERLA | Solid breakout with volume, excellent retracement

Long
NSE:WONDERLA   WONDERLA HOLIDAYS
WONDERLA | Solid breakout with volume , excellent retracement with dragon fly candle close in weekly time frame.

CMP : 236 ( Dip : 220)
SL : 200
Target : 320,420

Almost 1:4 risk reward setup

Comments

sir but the company has not reported profit in past 5 quarters. wouldn't it have an impact ? can we solely based on chart enter in to such trades?
+1 Reply
srikartiram PSDURGAM
@PSDURGAM, it’s a profitable and cash rich company. Business is closed due to Corona only since March 2020.

However I’m a pure supply and demand trader based on technical analyse. Hence it’s just a trading script to me.
+5 Reply
understood sir. thankyou very much.
+1 Reply
297 paa krne do dada, fir dekhenge. itni bhi kya jaldi hai
Reply
srikartiram puneetjoshi7687
@puneetjoshi7687, Thank you
Reply