#Arihantsup #channelbreakout #channel
ARIHANTSUP :
>> Good strong Channel breakout, need followup
>> Good Volumes & Strength in stock
>> Low Risk High Reward Trade ( 60% upside possible)
>> Swing traders can lock profits at 10% & keep trailing
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Disclaimer : This is not a...
Detailed View about this Breakout:
No.of Resistance: 8
No.of Support: 6
Consolidation Days: 400+ Days
I Post educational chart for 3 Swing / Potential Stocks Everyday.
Check Related Ideas section for more Swing Stock analysis.
Long above the BO of the TL 225-228 for the target proceed of 252 with SL 215. Stock is taking the 50 EMA & well support has taken around 220. This is for your educational purpose only.
This is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. ...
The analysis is done on monthly TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock...
Long near the expected small retracement so our risk-to-reward ratio would be better. All TFs signal is bullish for a long entry. All important levels are marked on the charts. This is for your educational purpose only.
NSE:ARIHANTSUP breaking all-time high and it's top most resistance too. You can initiate long position in for the Target of 150-160 with a Stoploss of 125.
