Multi year consolidationCinevista is entertainment company, in around 2000 the price of stock was 400 and from there 2001 it started fell and after years of consolidation we noticed unprecedented movement in the stocks, if the stock price manage to close the weekly candle above the resistance level then we may buy for investment...
Entertainment
Sure shotTraders any candle closes above 1750 (1hr, 4hr, Day, Week)will open the gate for 2050 i.e almost 18-20% in just 2months-5months
Remember one thing it is not necessary every time your prediction should be based on technical or fundamental analysis.
Some stocks required only logic.
And you know the business about PVR i.e entertainment.
Worst hit in pandemic was entertainment, hotel and aviation.
I Hope everyone felt the heat of entertainment post IPL.
So that's the reason SL is not given.
Note :- The analysis is made for study purpose only. Nowhere author is suggesting to buy/sell.
Before taking any position it is advised to consult your financial advisor.
ZEEL | Long Term Trendline Break | Go long 🎯----------------------------🙏🙏NAMASKAR 🙏🙏-----------------------------------
=====================================================
⭕Positional Trading opportunity ! weekly Chart Alert !!!⭕
--Buy above =215.35 or CMP
--Target =258.85 | 297.80
--Stop-loss =173.85
--Lot Size = 3000
--R:R = 1.98
--Expected Profit = 2,40,000₹ per lot ( 38% )
--Expected Holding = 1-3 Months only
#ThankU For Checking Out Our Content , We Hope U Liked IT 📌
======================================================
⭕Technical Reasons to trade or Strategy applied :-⭕
1) Long term trendline break
2) Volume is so so .not that impresive
3) stock is now near support zone
4) overall stocks looks bullish ...keep buying on every retracement
======================================================
Guys check out the related ideas as well, it will work really well GUARANTEED !
🙏FOLLOW for more !
👍LIKE if think is useful !
✍COMMENT Below your view !