#StockMarket #StockIdeas #StocktoWatch #StockToBuy #ShorttermEMAMI LTD
Stock recently give channel breakout and looks good for min 5-6% upside move in short term
Buy above 480/490 levels on closing basis
for swing targets of 500/520 levels
***Risky Call***
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
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EMAMILTD
emamiNote:
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
Emami - Breakout + Volume expansion + Triangle patternsKey Highlights:
1. Bullish market structure
2. Volume expansion
3. Trendline breakout
4. Symmetrical triangle pattern
5. Ascending triangle pattern
6. Buy on pullback only
7. Support zone: 512-521
8. Target: 566, 602, 638.
9. Stop loss: 493
You are always advised to use an appropriate Risk-Reward ratio as per your strategy.
P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
Intraday Trade : watch for box breakoutby above 567 in Intraday
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.
#EMAMILTD CMP 525.75 TARGET 668(25%+) $GLD $NIFTY $EMAMILTD $GS#EMAMILTD
NSE: EMAMILTD
CMP 527.75
Target 1: 596 +
Target 2: 668++
SL 495
Time Frame < 7 months
Can hold the stock after booking in parts.
Factors:
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