GOODYEAR
Targeting all-time high!Chart -> Goodyear Weekly
Wonderful symmetrical triangle breakout, as we can see on the chart.
CMP: 1200
Good Range: 1150 to 1200
Target: 1330
SL: 1100 Weekly Close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
Goodyear Long setupGoodyear is the fundamentally strong company with strong and consistent dividend paying history so far. Taken support at 990 and showing the sign of reversal.
Fresh entry can be made at 1050 with stop loss of 990. Upside rally can be seen till 1100 and 1200.
Can add this stock at every dip with prospective of long terms investment
The reason for picking this stock are:
1. Expected very good quarterly results
2. Debt free
3. Strong dividend payment history (76%)
4. Cashflow growth from negative 76 Crores to 158 Crores which double growth in terms of cashflow
5. 75% and more holdings from the promotors
Goodyear: watch for resistance breakout Swing Trade -
buy above 1035 and keep Sl below 950
IntradayTrade -
buy above 1020 which is previous day high and safe buy above 1035
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.
GoodYear - CMP: 932The stock has given Consolidation breakout on the daily chart with a good delivery volume. All oscillators are in bullish bios. Closing above 933 will confirm the breakout. We can expect a price target of 1000 in the near term.
