GEECEE - Weekly Chart Analysis, CMP-244After breaking the resistance (147-174) the stock seems now sustaining above it. It attempted several times in the past.
Volume contraction too was seen and now we can see decent volumes coming up past few weeks.
Now 184-194 levels shall act as a support and weekly close with follow up shall invalidate our view.
289 - 356 are the levels it can test over the long term. Which if we see is RR of almost 1:1 for the 1st one to hit.
Disclaimer: This is just a study and shared here for educational purpose. It is not a buy/sell recommendation in any way. If you intend to trade this counter then do your own due diligence and trade at your own risk.
GEECEE
GEECEE VENTURE: All-Time High Breakout OpportunityWe are witnessing a remarkable opportunity as GEECEE VENTURE makes an all-time high breakout. The price structure leading up to this breakout is quite compelling, adding to the appeal. However, it's crucial to exercise caution to avoid getting caught up in a potential fakeout.
Here are our criteria and steps for this trade:
Confirmation Close: We need today's price to close above the all-time high (ATH).
Breakout Confirmation: We want to see today's high broken in the coming days.
Initial Entry : We plan to enter with 30% of our usual quantities when today's high is breached.
Re-entry on Re-tests: We'll consider adding more at the re-tests indicated on the charts.
Please refer to the chart for our stop-loss (SL) level, which we'll adhere to if the trade doesn't unfold as per our analysis.
Our analysis aims to be crystal clear for the audience, providing a compelling opportunity while emphasizing the need for caution. We invite traders and investors to join us in exploring this potential trade.
Please let me know if you'd like any further adjustments or additions to the content.
GEECEE : Swing Trade#geecee #swingtrade #vcpbreakout #cupandhandle #momentumtrade
GEECEE Ventures :
>> Breakout done, retest happening
>> VCP / Cup & Handle breakout
>> Good Strength & Decent Volume
>> Low Risk & High Reward Trade
Swing Traders can lock 10% profit & keep trailling
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Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.