Consolidated Finvest & Holdings Ltd - Long Setup, Move is ON...#CONSOFINVT trading above Resistance of 300
Next Resistance is at 380
Support is at 222
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
CONSOFINVT
#KOLTEPATIL CMP 247 #Target 287(17%) #ModiSpeech #trading #niftyWeekly Chart
#KOLTEPATIL
NSE: KOLTEPATIL
CMP 247.15
Target 1: 268
Target 2: 287
SL 226
RR Ratio > 2
Time Frame < 30 D
The BONUS:
The stock is picked up not for this small target.
The Long Term Target is Rs . 350
This might take around 9-12 months from now.
ITS A BULL MARKET RALLY. Bullish on whole INDIA!
Factors:
Inverted Head & Shoulder Pattern Forming
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia