Check MRSBECORFOOD for 40% ++ gain. it is showing rounding bottom formation. may be it can made a handle as well so keep eye on it.
CMP : 473
TG : 670
SL : near 435
Disclaimer : It is my personal view as a trader and for educational purpose only. Equity market involves risk . Please consult your financial adviser before taking any decision.
Stock Name - Mrs Bectors Food Specialities Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 478
#This is not Buy and Sell recommendation to any one. This is...
1 - There is a hidden channel pattern in descending traingle where stock has been taking the support on trendline
2 - Right after fall , gapped up and made reversal (inverted hammer ) . today closed in green which is reversal confirmation(bulls are In control)
3 - Main thing is here to consider that reversal happened at area of interest (demand zone)
4 - one can...
As you can see Mrs Bector has formed Cup & handle pattern in Daily time frame.
Entry : Safe to enter above 460 (only if daily candle close above it )
Stop loss: 449
Targets :
Target 1: 500
Target 2: 500+ with strict trailing stop loss ( i.e Stoploss should be previous day low )
Points to remember
- Always wait for the confirmation, dont jump in...
1.Cup Handle pattern in Day frame
2. Making Higher Highs in 1Hr Time frame
3.continuosly raising volumes from 3 days
For Swing Trade
Enter above 470 level with good confirmation
Tgt 1- 554
Tgt 2- 621
Sl - 426
*Always Enter With good confirmation & Maintain proper Risk Reward.
******* Knowledge Purpose only ********
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