Trading Opportunity: Salzer Electronics (On-Neck Breakout)Stock: NSE:SALZERELEC
Pattern: On-Neck Breakout (Weekly Chart)
Type: Medium-Term Trade Opportunity
Trade Details
Entry Point: Buy at ₹1411
Stop-Loss: ₹1257
Targets:
₹1486.45
₹1561.90
₹1649.90
Final Target: ₹1739
Risk-to-Reward Ratio: 1:2
Analysis and Rationale
The stock of Salzer Electronics has shown an on-neck breakout on the weekly chart, indicating a continuation of bullish momentum. This breakout is backed by strong price action, suggesting a favorable medium-term opportunity for traders.
Entry Level Justification: ₹1411 is a key level of confirmation where the breakout appears sustainable.
Stop-Loss Positioning: ₹1257 serves as a strategic stop to protect capital while allowing the trade room to develop.
Target Projections: The targets are calculated based on historical resistance levels and measured moves post-breakout.
Key Observations
Bullish Momentum : The on-neck breakout signifies buyer strength, hinting at further upside potential.
Volume Confirmation: Monitor trading volume, as increasing volume can further validate the breakout.
Medium-Term Horizon: The trade is structured for medium-term gains, ideal for positional traders.
Trade Plan
Risk Management: Maintain discipline by adhering to the stop-loss to ensure controlled risk.
Scaling Out: Consider partial profit-booking at intermediate targets to lock in gains.
Monitoring: Regularly track the stock’s performance to adjust levels if market conditions change.
Onneckbreakout
Short term trading opportunity in Tata Power for > 6% upsideHi,
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MACD is also on the bullish side on Weekly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
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One can create a fresh position in the scrip as per the levels mentioned on the chart.
Risk Disclaimer:
The information provided in this analysis is based on my personal interpretation of market conditions and the available data at the time of writing. It is advisable to seek advice from a qualified financial professional and to conduct your own research before making any investment decisions.
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One can create a fresh position in the scrip as per the levels mentioned on the chart.
Risk Disclaimer:
The information provided in this analysis is based on my personal interpretation of market conditions and the available data at the time of writing. It is advisable to seek advice from a qualified financial professional and to conduct your own research before making any investment decisions.
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Price Action is well supported by the volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list.
Initiate the long trade only according to the levels mentioned.
Risk to Reward ratio will be 1:2
Stop loss will be on weekly closing basis.
Trend Analysis :- UP Trend
Chart Pattern :- On-Neck Chart Pattern
Technical Indicator :- Positive MACD Crossover
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Price Action is well supported by the volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list.
Initiate the long trade only according to the levels mentioned.
Stop loss will be on a Daily closing basis.
Trend Analysis :- UP Trend
Chart Pattern :- Bullish On-Neck Chart Pattern
Technical Indicator :- Positive MACD Crossover