#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...
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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.
If you found...
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.
Long Salasar above 46.40 after the BO of marked TL for the target of 55-60 with SL of 42. on daily RSI has taken support of 40 levels. Weekly above 60 levels. Good risk to reward trade. Trading above 50 EMA too. This is for your educational purpose only.
SALASAR:- 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.
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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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Disclaimer: All the information posting on this page are for the educational purpose only, we are not...
The 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...
Salasar Techno Engg broke ATH in April 2021 and reached till 370. It has now retraced back and took support on the April '21 breakout.
Looks good for another up move with target of 370 as a positional one
TRADE OR INVEST wisely.
WE CAN JUST PREDICT.
Disclaimer: I am not a SEBI registered advisor , so before entering on my view plz ask your SEBI Registered Advisor . Profit is your and loss is your.
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Note:
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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3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
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 ...
