AUTOAXLES
AUTOAXLES - Long Setup, Move is ON..NSE:AUTOAXLES
✅ #AUTOAXLES trading above Resistance of 2152
✅ Next Resistance is at 2475
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
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.
Automotive Axles LimitedAUTOAXLES:- The stock has given a breakout by forming an ascending triangle pattern, keep an eye on the stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
AUTOAXLES - Long Setup, Move is ON..NSE:AUTOAXLES
✅ #AUTOAXLES - Trading above Resistance of 2152
✅ Next Resistance is at 2475
✅ Pattern as shown in chart
Related chart:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
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.
AUTOAXLES - Breakout --> Consolidation --> Another BreakoutThe analysis is done on weekly 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 markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
AUTOAXLES | Good for Long ?NSE:AUTOAXLES
Cmp : 2239.25
Entry : CMP or Pullback Near 2275.
Stop Loss: According to one's Risk Reward ratio
#Study, Learn & Earn.
If you love this post please like and comment your thoughts below. That will be a great motivation for me to post similar ideas ahead.
Disclaimer: All the information posting on this page are for the educational purpose only, we are not SEBI registered financial advisor. We wont recommend any BUY/SELL of stocks. Contact your financial advisor before taking any action
automotive axleNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3. Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
Intraday Trade: watch for trendline breakoutbuy above 1425 in Intraday
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.
AUTOAXLES :: LONG BuildupAUTOAXLES :: LONG Buildup
-----------------------------------
Good Entry levels 1390 - 1400
Initial S/L - 1205
Target 1560+++
Many positive Technical signs -- Trendline reversal, RSI breakout, recent Parallel channel breakout.
Trail your S/L using SuperTrend Indicator and ride the trend.. Stock went thru Long consolidation,, so one may expect Large Reward if the upcoming results are good.
/**
Caution : Smallcap Automobile stock... Prefer allocating <5% of your capital.
And consult your financial advisor to know more about the risks associated with buying / selling shares.
**/
#RICOAUTO CMP49.05 #TARGET 68 #JBMA #JAMNAAUTO #HONAUT #AUTOIND#RICOAUTO
LONG TERM INVESTMENT
NSE: RICOAUTO
CMP 49.05
Target 68.30
SL 44.25
Profit 40%
Can Hold For Long Term
Factors:
Trend Following
Follow the trends.
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia