Can you stop me above Resistance ? Not SEBI registered - Do your own diligence - Not responsible for your Profit or Loss - It is only for observation - To study How Technical Analysis works...
Cclpro
Range Breakout CCL ProductBuy CCL Product
Cmp - 407.65
SL - 320 (Weekly Closing Basis)
Target - 515/600
CCL PRODUCTSThis stock has possibly completed 4th wave and now possibly its in a wave 5, also it has witnessed breakout with good volume after sharp fall, now trend indicators are also suggesting towards north direction, so one can go long at current levels of in dips (if any), possibly price is targeting towards 566+.
overall wave counts
key levels are mentioned on chart
macd in weekly
macd in daily
rsi in daily
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
CCL PRODUCTS EQUITY Levels...04/03/2021 (D Candle)😊CCL PRODUCTS EQUITY Levels...04/03/2021 (D Candle)
CCL Prod || Fake Positive Run + Low Volume1.Started with a Daily Time Frame, the zone is multi level support zone which has been tested for more than 5 times.
2.Next we came to 4H time frame and saw the stock is in a down trend and hence looking only for a sell trade.
3.Later we came to Hourly , 30Min chart which gave us the important key levels for support and retests.
4.On 15 Min chart we saw the candle is exactly rejected from a key zone and hence a sell trade would be better option.
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Hi! One should always trade what they see and not what they feel.
I might be wrong or right but what matters the most is how much you are willing to loose...
Happy investing.
