Marathon Nextgen Realty - Breakout Setup, Move is ON...#MARATHON trading above Resistance of 515
Next Resistance is at 811
Support is at 333
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
MARATHON
Marathon Nextgen Realty - Long Setup, Move is ON...#MARATHON trading above Resistance of 333
Next Resistance is at 515
Support is at 220.20
Here are previous charts:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
MARATHONMARATHON:- Cup and handle pattern has formed, wait for breakout, till then watch
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.
MARATHON | Good For BTSTNSE:MARATHON
Cmp : 186.25
Entry : CMP
Stop Loss: According to one's Risk Reward ratio
#Study, Learn & Earn.
If you love this post please like and comment your thoughts below. That will be a great motivation for me to post similar ideas ahead.
Disclaimer: All the information posting on this page are for the educational purpose only, we are not SEBI registered financial advisor. We wont recommend any BUY/SELL of stocks. Contact your financial advisor before taking any action
Technical Analysis of MARATechnical Analysis of Marathon Holding (MARA). This is not a trading or investment recommendation & is only for educational purpose.
Disclaimer - I Don't own shares of Marathon Holdings (MARA).
1. The stock has been in a long trend downtrend as it has been trading below the 200 DMA
2. The downtrend stopped on 24-Jan-21 with buyers stepping in evidenced through huge volume & a green Marubozu followed by
some sideways movement & break of the downtrend line.
3. The bottom price point of $19.43 was re-tested on 28-Jan-21 creating a double bottom. Also signifying a failure by the sellers to
take prices lower than $19.43.
5.The stock then broke out of the consolidation area & a supply re-test on low volume was successful.
6. Price is now creating a short term higher high-higher low structure evidenced by formation of individual candles & no pivot points
yet.
7. The stock could face strong resistance at it's 200 DMA at $35.41. Closing above this point & staying higher would mean a change
into a long term uptrend.
8. A turn around & breaking the current immediate support in the region of $24 could push the stock back into consolidation. A break
below the consolidation low of $19.43 could lead to further downward movement in price.
All the best!