Prestigeestates
PRESTIGE LOOKS GOOD..
📌 Levels are mentioned on chart for ❝Swing trading❞. These are original and unique patterns that can achieve their target almost 80-90% times. Here, I have posted one of my favourite 💕 chart patterns.
☆ Please check the description section ⌨ for early entry level in given stock ₪ to get better Risk to Reward (☈☈) ratio.
☆ Kindly like & share ➥ this pattern. Comment ⎚ with what do you think. Follow me @ tradingview for more updates and like the chart ❤!!!
▣ Key Highlights:
➨ W Pattern
➨ Flag Pattern of 7 months
➨ EMA 200 Support
➨ Unique Confluence
📌 Levels are;
Entry: ▲ 321
SL: ☢ 295
Target: ➚ 360/420
RR: ☈ 1:4
☆ Thank you. Happy Trading!!!
Best Regards,
Jinesh Mehta ,
Grow More Group.
✮ Disclaimer ✮
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All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
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Prestige estates - Price should reach 350Price following a simple trend which moves the price higher and higher on each fall as shown in the picture. This time price breaches the trend and made a Lower Low and again moves up as per the trend.
Since price breaks the actual trend one should wait for the price to reach 350 and decide.
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You can comment any of the script, I will analyze technically and post it for you.
No Buy or Sell calls strictly :)
Prestige Estates - Bullish Engulfing at 21 EMANote: This is for educational purpose only.
There seems to be a bullish engulfing pattern at 21 EMA. 21 EMA above 55 EMA and both sloping upwards signifies uptrend. Bullish engulfing is supported by good rising volume. RSI above 60 indicates bullish momentum too.
Nifty Outlook for Tuesday, 11th August | 50x InvestmentsNifty - Technical Analysis:
Nifty formed a double top pattern in hourly charts and 10880 will now act as a strong support which, if breached, can lead to a further correction in the index.
On 15 minute charts, Nifty gave a failed breakout out of the 11100-11300 range and also the upward channel.
Market - Driving Factors:
All sectoral indices ended in the green today with Nifty Pharma leading the pack after it ended 5.37% in the green. The new US FDA directory which urges Americans to use locally manufactured medicines might not have a big impact on Indian Pharma companies.
Prestige Estates rose over 8% today on news that blackstone will acquire the commercial real estate assets of the company.
Yes Bank once again hit the upper circuit and ended 5% up. One would've made an 18% return in 2 weeks if they has subscribed to the Yes Bank FPO and held the shares till today.
Nifty - Outlook for Tuesday, 11th August:
Titan just announced its Q1 earnings and the company posted a loss of 270 crore rupees which was worse than what analysts had expected. This might weigh on the stock tomorrow.
ADX shows no strength of momentum on either side indicating that markets might consolidate for a while before giving a breakout in either direction. So one should avoid large directional bets on weekly options which expire this Thursday.
PRESTIGE ESTATES LONGA classic correction pattern on a bullish run. The price has moved above the narrow range, and will test the highs again, before moving further up.
Buy @ 212.95
SL @ 203
Target @ 245.
Personally holding this position.
PRESTIGE ESTATES ANALYSISWE CAN CLEARLY SEE THAT IT IS RESPECTING CHANNEL AND IT HAS MADE DOJI CANDLE AND TRYING TO CLOSE BELOW UPPER CHANNEL LINE ONCE BLUE LINE IS TAKEN OUT N CLOSING BASIS IT MUST FALL TO LOWER CHANNEL LINE GOOD LUCK
TRADE AT YOUR OWN RISK
Uptrend in Prestige EstatesPrestige Estate is in uptrend on the Monthly/Weekly chart
Higher high and higher low formation on Monthly/Weekly chart
Sooner it would break the previous swing high in coming months.
Next target mentioned on chart as resistance
Prestige Estate Medium Term ViewPrestige Estate has given Buy Breakout. Buy at CMP 269 and add more at Dips. Hold till the Market structure remains bullish.
Cheers!!!!
