Hello fellow traders and investors,
I'd like to highlight an intriguing stock that has caught my attention - Liberty Shoes Ltd . This company has been consolidating for an extended period, and it appears to be setting up for a potentially exciting move. Here's what you should know:
🔒 Long-Term Consolidation :
Liberty Shoes Ltd has been in a prolonged...
This stock looking good to start accumulation for your long term portfolio.
I have tried to mark elliot waves on weekly time frame.
Its an ABC correction where B is irregular and then an Ending Diagonal in its C.
Fresh 5 impulsive waves should start from here.
Will keep updating as and when required.
All the best guys.
Synopsis: The multiple footwear stock was analysed as weekly price movement is quite significant with record volume. Most of the stock bounced from support level and expected return will range from 20-40%.
BATA – The price movement in channel, from support level, bullish breakout candle formed with record volume. Price above 20 & 50 ema and 200 ema (Rs 1618)...
Relaxo corrected about 40% from ATH and consolidating since Nov' 2021. The stock is trading at support trend line drawn from July 2017 and the stock price never broke the support line from last 5 year.
The stock bounced back 10% from the 54 week low and will be testing the support line at 760-800 levels in the coming months. With the stop loss of 20% one can take...
LIBERTSHOE - After a long and big breakout, taking support @ .5 Fibonacci. Also at the level of previous weekly resistance, now treating as support. It can move upward and can give a good return.
Please take your trade as per your risk apatite. I'm a stock market learner.
As we can see stock broke trendline which it was followed from last 8days which is 11th of Aug and it broke todays in last 2 hours ....
so as price action we can initiate Short below 1718 It might come up to retest at 1730 then if see good red strong candle which s hows bearishness then only u can go for short
Sell Below - 1718 on closing on 15/30...