Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before...
#RATNAMANI trading above Resistance of 3167 Next Resistance is at 4803 Support is at 2131 Here is previous chart: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose...
BUY above high of brakeout candle with 1:2 take profit
Ratnamani Metals tgt 3000 soon.... .382 2185/- .5 2543/- .618 2703/-
CMP: 2288 - Low volume stock - Trading near All Time High region (2335) - FIIs & DIIs have increased their stake in the last few quarters - QoQ Increasing sales
overall metal sector booming The risistance zone tested more than 7 times very tight consolidation rectangle pattern major trend is bullish
Traingle Breakout & Channel (maroon) Breakout however part of the bigger channel (orange) Self Explanatory after the breakout as indicated. Let's just watch which arrow path does it take for flying? Stop loss based on your risk appetite, but should be mandatory.
Massive consolidation pattern in ratnamani on daily time frame. We could get a massive rally coming in this one. Will be an excellent buy on the pull back.