Asset: Salzer Electronics (SALZER-EQ)
Breakout Level: Above 855
Confirmation: Flag pattern breakout with increasing volume
Target: 900+
Stop Loss: Below breakout level or as per risk tolerance
Timeframe: Short to medium-term
Rationale: Salzer Electronics is exhibiting a flag pattern breakout above the 855 level, indicating potential bullish momentum. Increasing...
📈 Stock Name - Salzer Electronics Limited
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 782.
🚨Disclaimer: This is not a Buy or Sell...
#SALZERELEC trading above Resistance of 679
Next Resistance is at 904
Support is at 540
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....
Stock Name - Salzer Electronics Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 335
#This is not Buy and Sell recommendation to any one. This is for...
SALZERELEC:- Stock has shown recovery by forming V shape pattern. 319 then 330 is buy price, with strict stop loss, Volumes are also being seen good,
keep an eye on the stock.
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...
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...
The Relative Strength is better than its market leader Havells India.
Awaiting a Multi year Breakout.
Inverse Head and Shoulders Pattern is formed and travelling in a Parallel Channel.
Very Low risk but the Reward could be very High.
