Stock Name - Mahindra Lifespace Developers 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 484
#This is not Buy and Sell recommendation to any one. This...
MAHLIFE is displaying positive signs on the weekly chart. The stock is currently trading above the 30-day exponential moving average (EMA) with strong volume and showing improved relative strength.
A breakout occurred after a series of declines.
Price is trending above its 20-day moving average.
The breakout candle has proper volume, so it can't be called a fake breakout
This 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. ...
Very bullish on many Realty stocks since the index has completed a breakout and retest of resistance on a 12 year Box.
Also, from a pattern perspective, I see an Inverted Head and Shoulder Pattern which again is one of my favorites.
This space is a long term play and to get good returns, Patience will be the key.
The charts here are on Weekly Time frame which...
Key Highlights:
1. Bullish market structure - HH, HL
2. Massive volume on the breakout
3. Currently at a major resistance zone
4. Close above 580 will trigger a massive up move
5. Target: 609, 649, 696. Stop Loss: 510
You are always advised to use an appropriate Risk-Reward ratio as per your strategy.
P.S: This is NOT investment advice. This chart is meant...
