KILITCH DRUGS - Swing Trade Analysis - 20th July #stocksKILITCH DRUGS (1W TF) - Swing Trade Analysis given on 20th July, 2024
Pattern: FALLING WEDGE BREAKOUT
- Resistance Trendline Breakout - Done ✓
- Weekly Support Zone Retest & Consolidation - Done ✓
- Strong Pullback candle with Volumes after consolidation - Done ✓
- Demand Zone retest for a Small SL and a better RR - Done ✓
* Disclaimer
KILITCH
KILITCH DRUGS READY TO RESUME UP-MOVE NSE:KILITCH
#KILITCH DRUGS CHART ANALYSIS 🧐
🔹TREND: Down Trend
🔹View: Breakout From the 200 EMA Test Range.
🔹Structure:- In a healthy up trend but currently Deep correction is in effect on very low volume which shows Selling is not that aggressive and also taking too long in a range.
On this weekly Chart, it's at 50 EMA test.
Shows a healthy up trend.
🟢ENTRY: 353+ (Closing Basis)
♦️RISK:- Day closing below 320
🎯TARGETS:- 382,425,470+
Detailed analysis of chart Study it and mark levels on your chart
Breakout in Kilitch Drugs (india) Limited...Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
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.
KILITCH - Ichimoku Bullish Breakout Stock Name - Kilitch Drugs (india) Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 214
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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YR 2022 Idea #77: Long on KILITCHThis is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.