Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
According to the Elliott wave principle, AB capital has finished the corrective wave ((iv)).
Price carrying on the impulsive wave (v), yet traders shouldn’t take the position without a proper signal.
If the price breaks wave (X) , the price will surely make a new high because it will give evidence of the impulsive move.
Price may take retracement as wave x...
ABCAPITAL selected as positional pic cause of bullish technical indicators. stock has currently give breakout on upper channel as well as resistance breakout also clearly seen on daily chart. same momentum will follow next few session ..one can buy for cmp 130-132 for potential upside 10-20% in next 8-10 trading session.
BUY ABCAPITAL CMP@130
TARGET...
Key Highlights:
1. Bull flag formation
2. Rebounded from 200 EMA.
3. Good volume expansion.
4. Shift in market structure on HTF.
5. Look for pullbacks on lower time frames and enter accordingly.
Disclaimer: This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
Happy learning. Cheers!
Rajat...
TRADE OR INVEST wisely.
WE CAN JUST PREDICT.
Disclaimer: I am not a SEBI registered advisor , so before entering on my view plz ask your SEBI Registered Advisor . Profit is your and loss is your.
PLEASE LIKE AND SHARE IF YOU AGREE WITH THE IDEA
Trendline breakout is already done. Now time for a change in polarity.
Good for long term.
Best Entry will be around 110-112 level with SL of 96 (red line).
Upper Bollinger band broken
RSI > 60
MACD Buy in Daily and Weekly time frame
prices crossing above 200 EMA
Long time trend line broken
Volume above Average at the time of breakout
