Buy KRISHANA Above 456"Delivery Idea 17-05-23
KRISHANA (CMP: 454.95)
Buy Above: 456
SL Below: 440
Target: 486"
Stock has Reversal Pattern in Day Candle and Trend Breakout and retesting in Hourly Candle.
KRISHANA
Krishana Phoschem LimitedKRISHANA:- Breakout happened with good volume. keep on Radar.
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 the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Squeeze - The Secret to Successful Breakouts!The squeeze indicates tightness and volatility in a stock. In the example here of #krishana, a high compression squeeze was seen the day before the breakout. This is indicated by the yellow date in the squeeze indicator. If the squeeze is combined with the VCP pattern or the formation of higher lows prior to the breakout, the probability of success of the breakout increases significantly.
#breakout #trading #squeeze #krishana
Weekend pick: KrishanaChart -> Krishana Daily
A perfect example of VCP, one can learn from! To cross the resistance of 380, it took 5 attempts with volatility contracting every time.
CMP: 400
Targets: 440, 525
Good range: Around 380
SL: 360 daily 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.
KRISHANA: ATH BreakoutCMP: 400
✅~900% returns in ~2 years from March 2020 lows
✅Corrected ~35%
✅Now gave a breakout after 2.5 months of consolidation
✅EPS rating & Price strength: 80+
⚠️Not very liquid
KRISHANAStock has a history of moving into darvas box and then give a breakout. Last time stock gave a breakout above its darvas box, but then again returned to its previous box. After spending a lot of time in its box, It now has given a breakout not only above its darvas box range, but also above its previous swing high/ATH.
KRISHANA phoschem Limited Life time High - Good to go longKRISHANA phoschem Limited Life time High - Good to go Long
