Low risk high reward buy call
Stock not able to break a low of Rs.2.00 from past 30 days
A classic wedge pattern formation with triple bottom
Risk to reward looks excellent
Not recommended to hold below Rs.2
penny stock which may give good return from now .. only on the basis of chart
remember one thing its fundamental is very weak
it have made double bottom and moving with good volume in monthly chart
#49(GENIE IDEAS): I will daily post intraday/swing/positional trading opportunities so u can analyse and get the most from it. if you like my analysis do like and follow me as a token of appreciation.and if you have any queries let me know. I have also posted my views on stocks which on the verge of breakout indraprastha gas, ubl , castrol, hindustan unilever,...
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart. This is pure technical view.
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.
FConsumer
CMP - 8
Stop - 5 on DCB
Expectation -
T1 - 21
T2 - Open, Review at 21
Expected Holding Period - 120 trading days or earlier for T1
Ideas being shared only for educational purpose
It will be interesting play in coming days. Either it will test the cloud and fail to breach it or will breach it for a bullish uptrend.
Trade accordingly.
Please do your own research before investing.
