#Pro's
-->Near confluence of support
-->CCI 34 D is about to revers
-->CCI 34 W is at long term support (-100)
---> Might see reversal from here
#Con's
-->Head & Shoulder pattern breakdown may happen which makes stock to reach lower support
Avadh Sugar has given a good solid breakout. keep a deeper stop loss at 400 and the first target should be 510 and then we can keep 510 as a trailing stop loss once the stock crosses that zone.
1) Firstly pretty good channel breakout
2) And successfully Retested the trendline with low sell off candles
3) You can aim for 530 levels for the target (i.e 1:2) and keep your stop loss below the breakout candle.
4) I gave the target levels in this trade. Actually, I don't set the target, I do take exit depending on price-action (and it varies from the person to...
Very Strong Closing Done Today.
Volumes are 10 times more than average volumes.
Need closing above 550 for next strong move.
Short Term Targets Initial Target : 650
#AVADHSUGAR (W):- CMP 593 Looks Good For More Upsides :)
#Disclaimer:- View shared is for educational purposes only. Conduct your due diligence before making any trading/investment decisions.
Triangle pattern breakout,
all sugar stocks are trending,
Budget theme may play,
Earlier we caught breakout in andhra sugar can see in comment section now it is avadh sugar.
My concern is the volume which is not as like a breakout volume.
The stock broke out of the declining parallel channel. The issue is that although the volumes are higher, they are not very high, and this breakout could be a false one.
I think the trade can be initiated by keeping a closer stop, which can give a good risk reward ratio.
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Daily Chart
#TATAPOWER
NSE: TATAPOWER
Short Term Quick Profit
CMP 113.35
Target : 127.75
SL : 107
Timeframe < 30 Days
Can hold for longer time
The BONUS:
The stock is picked up not for this small target.
The Long Term Target is a lot more
This might take around 9-12 months from now.
ITS A BULL MARKET RALLY. Bullish on whole INDIA!
Corrections and then higher...
Note:
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...
It has given Channel breakout on longe time frame and also given rounding bottom breakout on shorter time frame. Increasing in Delivery volume indicated bullish movement expected ahead. We can expect price movement up to 250 in near terms. All oscillators also indicating bullish movements ahead.
