LIBERTSHOE - Weekly Chart Analysis, CMP-369.90After consolidating for a year now it has broken the supply zone 284-334 on good volumes.
Earlier it tried twice but did not sustained. Went into good base formation thereafter.
280-284 shall now act as good support. Weekly close below this will weaken it again.
Over the upside, 442 - 469 - 579 - 898 are the levels that can be tested over the long term.
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.
LIBERTSHOE
LIBERTY SHOES - Bullish Consolidation with VolumesNSE: LIBERTSHOE is closing with a bullish consolidation candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 14% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
LIBERTSHOE - After a long and big breakout, taking support @ .5LIBERTSHOE - After a long and big breakout, taking support @ .5 Fibonacci. Also at the level of previous weekly resistance, now treating as support. It can move upward and can give a good return.
Please take your trade as per your risk apatite. I'm a stock market learner.
LIBERTSHOE - Ichimoku Bullish Breakout Stock Name - Liberty Shoes 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 253
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, it motivates me to do analysis.