The analysis is done on weekly TF hence price may take few weeks to few months 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
Checkout my other ideas to understand how one can earn from stock...
This is follow-up on Nava Bharat Ventures. Can check link to related ideas.
Target 1 achieved. Gain of more than 30%. Target 2 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss 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...
This stock has been forming Flag patterns for over a year now. It's time for the Mother Flag to shine. This can further turn into a Positional trade, if Flag break out happens in coming days.
On Monthly timeline, it will form a W pattern if everything goes as expected.
1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula:- Stop Loss/(Buy Price-Initial Stop Loss Price)
4. First sell on initial stop loss hit or close below supertrend
After posting a quarterly sales growth of 44%, a quarterly profit growth of 58% and OPM improvement from 41% to 43% NSE:NBVENTURES ...
NSE:NBVENTURES
KEEP IN WATCHLIST.
ASCENDING TRIANGLE ON CHARTS.
CAN INITIATE TRADE AFTER BREAKOUT WITH STOP LOSS BELOW BREAKOUT CANDLE
CURRENT TRIANGLE PATTERN SUGGESTS TARGET OF 150 AFTER BREAKOUT.
** EDUCATIONAL PURPOSE
Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
#NBVENTURES
NSE:NBVENTURES
CMP: 64.60 {Know well How to trade this, before u trade this!}
Target: 78++
SL: 54
Time Frame: ~2 month.
Invest and hold!
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