LINC Breakout with a good upside potentialHey Family, there is a one more stock Which is showing a great opportunity.
Key Points:-
* Formation of Ascending Triangle Pattern in Daily TF.
* From Jan 2024 to Sep 2024 Tested & Moving Near Resistance Many times.
* It's Near resistance Zone and trying to Break Resistance Zone with good volume good closing required.
* Volume Accumulation (Volume is Rising).
What is your view please comment it down and also boost the idea this help to motivate us. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
LINC
LINC - BULLISH BREAKOUT - 2X CANDIDATEHi Folks,
There has been high accumulation in consumption sector. Recent surge of volume with decent delivery can be seen in linc in recent days. Overall, longer bullish trend on weekly charts is intect. After a decent time and price correction, upmove looks like prevailing again.
Elliott Wave Analysis - Long Term
1. On longer time frame (Weekly) - Left chart - Larger 4 wave stands completed.
2. Fifth wave has commenced after confirmation of brerakout with surge in volumes.
3. Targets are marked with fib projection and potential it can 2X from here.
Elliott Wave Analysis - Short Term
1. On Daily timeframe(right chart), we can see a start of new impulse.
2. First wave itself is a Leading diagonal and marked in channel which shows bullishness of this stock.
3. A clean abc structure is visible in 2 wave.
4. Breakout of 3 wave is evident, a bullish candle(Marubozu) can be seen with volume support taking out b of earlier abc structure.
Not a trade recommendation, please do your own due diligence.
Linc LimitedLINC:- Stock has done upside move by forming head and shoulder pattern and may breakout as well but now it is back for retesting if it is found between 447 to 455 then we can plan to buy
#You can plan the trade as per your risk appetite now
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.
Buy before breakout.🤠Chart -> LINC Weekly
A cup and handle have formed, but we didn't get perfect closing yet. This week's move and volume suggest that breakout is not far.
Accumulate b/w: 300 to 340
Targets: 388, 478, 532
SL: 275, weekly 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.
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.