Multiyearbreakout
3P LAND HOLDINGSFundamentals are decent ,charts showing big breakout
High risk stock
Buy on dips until trading above 20rs SL 13
# Multi year breakout stock breaking out of resistance of 2008
# Breaking out with good volumes
# 0 debt company
# 75% promoter holdings (GOOD)
# Company net profitable
# Reserves increasing
RAMKY - Multi year breakout stock - Monthly/Weekly ChartThe analysis is done on Weekly and Monthly TF hence price may take few weeks to few months in order to reach the targets.
Below is the monthly timeframe chart for broader picture -
Trade setup is explained in image itself.
Targets are calculated for different patterns shown in chart - by calculating the max depth from the resistance and then copying it above the resistance neckline.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
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