the stock has retested breakout with low volume and now has moved up from support. 108-110 seems like a resistance, above that previous high should be a good target for swing and fib numbers thereafter
Very simple basic tried and tested strategy. 25-26% here is almost a certainty.
IBREALEST is retesting its previous resistence 143. Can go long at 143 with Stop loss 129 and target 220
Watch for a bullish signal. Technicals: Trendline breakout and retest done on 1-hr TF. Very likely to reach 6.5 (Near previous high). SL can be placed at 4.5 Fundamentals: Company has come up with net profit after 5 years. Balance sheet is improving. Reserves are near all time high Stock is trading at 0.34 times its book value (15). Its just an...
HCL Technologies broke out of a Symmetrical Triangle formation on the 15-minute chart. Has already retested the Symmetrical Triangle and simultaneously taking support from a Parallel Channel trendline.
Buy MCX near 1638-1643 Stoploss 1575 Target 1850 Demand & Supply Structure...Breakout & Retest Structure
Buy Foods & Inns ltd near 60-63 Stoploss 45 Target 98 Ascending Triangle Pattern Breakout and Retest Structure
Successful retest after breakout. Excellent Risk-Reward - SL 122 Target on chart
🍂buy @ 140 -145 range trgt 170-200-300+ not a buy recommendation,study guys🙏 Why was it selected❓ 🔹Company has reduced debt. 🔹Technically looks good. 🔹retested breakout level and expecting more upside. 🔹interesting business 🔹Company has delivered good profit growth of 50.40% CAGR over last 5 years. 🔹Company has a good return on equity (ROE) track record: 3...
Entry - 93 Stop loss - 85 Trgt 1 - 107.5 RR ratio - 1:2 Medium term trgt- 140
The major pair has finally given breakout of the falling wedge and rallied upwards and now facing rejection at the zone. If it continues to face rejection, a strong downtrend will start which can bring it back to the levels of 1.1800
Bel retested channel in 1 hr tf so wait for 1 hr bullish confirmation
NSE:SWANENERGY Hello guys, as the supply zone displayed, it has been noticed that that area has been continuously tested and buyers failed to move the stock price above the resistence level. The lower trendline has been acting as a demand zone from quite a while and while moving upwards it is forming a narrow wedge like pattern. One can take an entry on a...
Buy Whirlpool Stoploss 2120 Target 2600 Study: Demand and Supply Structure + Inverse Head & Shoulder Breakout & Retest Structure
1) Bullish structure with Higher high and higher lows. 2) Gave a 5-year breakout on 112-113 levels with good volume expansions. 3) Chart is buy on supertrend since march 2020 with increasing relative strenth compared to benchmark. 4) CMP is ~ 140, wait for retest at 112 for confirmations and long positions. 5) Potential Target ~ 209, potential returns 83% 6)...
stock given a good breakout and now after a healthy retest it is ready to fly off !!! high conviction trade. comment your doubts :)