Indian Hotels break happened in Monthly with broken all time highs
Weekly with multiple resistance broken out
Daily trend line broken and retest happend ( with 200 DMA taken as support )
Probability of going long !!
CMP near Breakout Neckline on Monthly Chart.
If December 2021 Monthly Closing is above 175-178 zone then BO is confirmed.
Minimum Upside : 50%
Next Targets : 212 - 294
SL : 147
Consistent high volumes signal accumulation
Monthly RSI > 60
The analysis is done on monthly TF hence price may take few months to even a couple of years in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Feel Free to comment below this or connect with me...
Buy Reliance when Daily Closes above 2480
Stop Loss Closing below 2350 on Daily Closing Basis
and low break with 5% Buffer
TGT Open and Book P&L when it daily closes below 20 SMA
and break low with 5% buffer
As we can see from the monthly chart of #BSERealty, it is creating a cup pattern and is projected to break a 10-year breakout by periodically breaking each level. All levels are resistant until they are broken, at which point they become support. Below are the levels
Level 1: 2861.17 (Done & Current Support)
Level 2: 3647.10 (Current Target and Resistance)
1) Descending triangle pattern breakout
2) Pivot Points Camarilla R4 breakout
3) Golden cross in WEEKLY Chart
4) Net profit for the Jun-21 quarter grew 4-fold at Rs4,224cr on a yoy basis
5) PE RATIO: 9.64 PB RATIO:1.44 DIVIDENT YIELD:3.16%
👑 Drop a follow here: @Averoy_Apoorv_Analysis 👑 ----------------------- 🔥🔥 Target: 2000 Followers 🔥🔥
🔥 Strategy :
✣ Channel pattern breakout on 1M chart
✣ Good monthly consolidation and weekly too
✣ Good triangle pattern on 1hr and 1d both ( Took trade on Days close as I saw a resistance zone on 1hr that could potentially turn the stock back to same levels)