Darvas Box supply zone : 1740 - 1760.
Targets - 1840,1900
SL - Risk 1% of your money.
Disclaimer: Author may enter in trade, take your own decision. This is an trading idea not an trading or Investment advice.
After a Bull run stock started consolidating at higher levels and now ready to go for new highs.
Today's closing (near high of the day) and volume indicating some big interest in the stock.
Once stock moves past 315 it should be ready to reach 350 levels.
Keep an eye folks .....
Disclaimer: i am not SEBI registered. Please trade with your own risk.
As you can see finally stock able to broke the darvas box with good volume.. now i will wait for 3 days retracement for building up new darvas box.. i will suggest hold and add more quantity after full confirmation of new box..
SHILPAMED recently has given breakout. Now it is dancing in a box of 604-695. So, one can go long/accumulate in the range of 605-626 with stoploss on day closing basis(DCB) of 603 for the target of 695 which will give a superb risk reward ratio.
A close above 3520 would incite more interest from investors as it is a darling of investors in nbfc space.
Buy above 3520 with stop at low of lower channel 3100
“Don’t be a hero. Don’t have an ego. Always question yourself and your ability. Don’t ever feel that you are very good. The second you do, you are dead.”
~ Paul Tudor Jones
Alembic recently posted great Q4 results and the stock has been trading in a fixed zone since a lot of years. The stock however closed above the box for the first time and if anyone follows the Darvas Box strategy, it gives us a good signal to go long as the volume has also inm=creased considerably.
I won't be getting into the fundamentals,if anyone...
Bajaj Finance is in a darvas box. Levels are mentioned in the chart. Ignore the previous chart cause its price wasnt updating because of autoscaling being turned off.
Entry: > 2150
Entry: < 2067