Salasar Techno Engineering Ltd - Long Setup, Move is ON...#SALASAR trading above Resistance of 98
Next Resistance is at 138
Support is at 80
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 only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
SALASAR
SALASAR | Mini Swing Trade📊 Details
Established in 2006 as a tower manufacturer, Salasar Engineering Limited, has emerged as a fast-growing Steel structure manufacturer & EPC infrastructure company, providing services across telecom, energy and railways sector.
Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
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Salasar Techno Engineering - Cup and Handle Pattern✔️Eveything mentioned in the chart.
You can see a Cup and Handle formation in the chart.
study then invest.
About The Company ✔️
Established in 2006 as a tower manufacturer, Salasar Engineering Limited, has emerged as a fast-growing Steel structure manufacturer & EPC infrastructure company, providing services across telecom, energy and railways sector.
Salasar Techno Engineering LimitedSALASAR:- The stock has given a breakout by forming a rounding bottom pattern.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
SALASAR | Good for Long NSE:SALASAR
Cmp : 35.35
Entry : CMP or near 34.5
Stop Loss: According to one's Risk Reward ratio
#Study, Learn & Earn.
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SALASAR - Retest & Reversal - Swing TradeThe 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 markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
SALASARNote:
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...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
Salasar Took Support From 200 EMA As we can see salasar broke its trendline and again gain its levels froms down side and beutifully took suport from 200 EMA Which is Strong Bullish Reversal ......
And On Other side It Might Go for Retest ....But there is less chances for it becuse it made bullish hammer which strong bullish Candlepattern
So Keep An on Salasar...
We can buy it above 304 For Target - 365
IF We Get an opportunity For Short So One cAn go below 273
For Intrday Target- 248