Potential Break Out stock for 4th Week of Jan'25📊 Script: MONARCH
Key highlights: 💡⚡
📈 Box formation in Daily chart.
📈 Price gave a good up move
📈 Went into a Side Ways, wait for consolidation near Resistance
📈 Volume spike must be seen on BO
📈 MACD Cross Over
📈 One can go for Swing Trade.
BUY ONLY ABOVE NA DCB
⏱️ C.M.P 📑💰- 478.95
🟢 Target 🎯🏆 – NA%
⚠️ Stoploss ☠️🚫 – NA%
⚠️ Important: Always Exit the trade before any Event.
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Boxpattern
EMIL: RRR- R(un) R(est) R(un) modeAfter running for 305% in 1.25 years, EMIL is in consolidation phase for another 1 year. Reached the box bottom now and completed the 0.5 Fib retracement. Can go to the box top slowly as no bullish pattern is found so far. Can see a good upmove once the box breakout is done. So fresh entries are avoided if there is a plan for short term entry.
Adani ports- Chart shared for learning purpose onlyADANI PORTS- Chart shared for learning purpose. Despite hinderburg or whatever negative news, the stock went according to the technicals. Initially it was trading within a range of 260 point as can been seen in the yellow box and after that the box was broken down and went to the desired target of -260 points from the box bottom. The same can bee seen in the red box. within few weeks it came back to its original range. So whatever the news is, most of the time it performs according to the technicals only. very rarely due to panic selling, stocks will go against the technicals.