Grindwell norton making Cup & Handle pattern. Look at the false breakout. Long upper shadow signifies selling pressure. It's either good to wait for weekly close or have SL at breakout level. False breakout then retraced to 61.8 fib retracement and took support. Also, it was long term trendline support. Plus look at the long lower shadow which signifies strong...
If it crosses 2214
Entry price: 2214.10
Stop loss: 1949.95 (11.94% risk involved)
Target: 2745.40 ( reward of 24% with 11.94% risk)
Enter into the stock if one is able to take risk of 11.94%
I am entering this stock with 11.94% risk
I am not SEBI registered individual, please do your own analysis before taking a trade , this is only a trade idea
GRINDWELL:- Stock has given breakout, plan something only if it sustains above 2148 level.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all...
#Grindwell CMP 1990 seems ready for neckline breakout of IHnS. RSI is above 60 and increasing.
Seems ready for 10% upsde from here to 2175 and abv that 2300.
Strong Breakout consolidation period.
Good fundamentals of Company.
showing strength in weak market.
There is no any recommendation of trade.
This is only for educational purpose only.
CMP: 2081
- Corrected ~13% from its All-TIme High (2328)
- Attained support near the previous breakout level (2000)
- Consolidating close to the 50 EMA
Buy Opportunity: Grindwell : Breakout with volume and now Retest. best opportunity to grab for good risk to reward ratio, Fundamental is also very good.
Hey Traders,
This is a bit riskier trader but can give good returns in short term. Enter at current Market price and target a profit of INR 100 till 1344.
Keep tuned.
Happy Trading
A FLAG AND POLE IS IDENTIFIED IN THIS STOCK. SO ITS GOOD TO KEEP IN THE RADAR
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational...
