After 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.
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NSE: 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...
LIBERTSHOE - 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.
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...
#Watchlist
#LIBERTSHOE (W):-CMP 193 Looks Good above 210, Ready For Big Blast :)
#Disclaimer:-View shared is for educational purposes only. Conduct your due diligence before making any trading or investment decisions.
