Chart -> Schaffler Daily
Range breakout.
CMP: 3185
Good Range: 3100 to 3185
Target: 3420, 3745
SL: 3055 Daily Close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
Schaeffler India corrected around 32% from the highs of 3953 and now I am waiting it to touch 2515 which is 200 daily EMA support. If you look at the daily chart this stock never touched 200 daily EMA support and it can give good opportunity to people like me to enter with low risk and high reward setup. If I get entry around 2515 then my targets would be 1) 2860...
This is follow-up on Schaeffler India. Can check link to related ideas.
Target 2 achieved. Gain of more than 89%. Target 3 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered....
Although there is a clear breakout yesterday (Monday) in this counter (and it came to our weekly radar as Long), today daily it's created a Bearish Tweezer top candlestick pattern.
Price is having strong trend and trading at very crucial level. macd and adx showing positive indication. if price breaking resistance line go long SL 1% of capital.
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
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.
This week stock is SCHAEFFLER
CMP: 1851.75
Target : 1935
SL: 1740
Reason:
Stock has been making consistent higher high pattern since 19th Oct 2020 despite the market turmoil we are witnessing in the market
RSI above 50 shows continuing momentum in the daily chart
This analysis is only for education purpose, do your own analysis before investing.
Good Heavy volume Breakout on weekly charts
anyone wanted to buy with good risk reward and positional he/she can start buying from cmp 6569
Happily Add till 6000
SL 5250
Tgts 7000 8000 9000++
If you have good patience it will make your portfolio stronger.
Business area of the company
Schaeffler is actively engaged in innovating and shaping the global pace of...
SCHAEFFLER
CMP - 4969
Stop - 4800 on DCB
Expectation -
1 - 5500
2 - Review at 5500
Expected Holding Period - 40 trading days or earlier
Ideas being shared only for educational purpose
Stock is less than 2% away from 52 week high and has been consolidating within a tight range of 6% for whole of last week. Average 10 day volumes of less than 15k. If stock breaks above last week's high on decent volumes a buy could be initiated with SL 10% away.
