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Buy Menon Bearings LimitedCompany:- Menon Bearings Limited Rsi:- greater than 57 volume rising on green candle and lower volume on red candles. Stock has given breakout of Jan 2022 level on 6th September and after that stock went in one sided upward rally. Now consolidating since 1 month. Strong seems to be ready for another upward rally. Buying range :- Accumulate Stock in range of 103-109 Target : 120 SL:- 98 Fundamentals:- Fundamentally company looks good ROCE- 26 ROE- 23 Debt/equity:- 0.21 Promoter holding:- 71.2
NSE:MENONBELong
by TradingWithVerma
1
VOLTASWait And Watch ?? Look for Low risk, High reward, and High Probability setups- Things to Remember while Trading with the Trend 1. Know what the trend is. 2. The best trades are made in the direction of the trend. 3. Assume that the main trendline or moving average will hold. 4. The longer the moving average is, the better it defines the trend. 5. Wait for the pullback. 6. Don’t chase the market. 7. Don’t fight the market. 8. Even in the strongest trends there should be some retracement. 9. The closer the market is to the trendline, the better the risk/reward ratio is. 10. Use ADX to determine the strength of the trend. 11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy 12. Hold trades longer in a strong trend. 13. Wait for confirmation of a trendline breaking before reversing position. 14. Know where the Support levels are. 15. Place stops outside the Support levels. Thank You..
NSE:VOLTASLong
by Rvkachhadiya
1