Turbo Breakout in SCHAND NSE:SCHAND
S Chand & Co. Ltd. engages in publishing and trading educational books. It operates through the Domestic and Overseas geographical segments.
Timeframe - Day Chart Analysis 🧐
🔹View: Breakout of range.
🔹Structure: - The stock has been in a range from the start of March 2024 and now it has taken support of the weekly trend line and moved above 200 EMA.
- It should give a breakout soon as the earnings are due in a few weeks.
-RSI Forming a bullish divergence.
- Volumes are low on downfall moves and up moves are on good volume spikes.
🟢Entry: I am considering Two possible entry scenarios
1st - Buying above the last four days range @255 This would be regarded as an aggressive entry.
2nd - Taking a breakout entry above the range 256, That's a breakout of the extreme range which is a horizontal resistance and inverse head and shoulder pattern
♦️Risk : - Stop should be kept below the recent swing low at 225 on day candle closing basis.
🎯Targets:- Target levels are marked on the chart With blue line based on Fibonacci retracement zones.
Detailed analysis on chart Study it and mark levels on your chart
SCHAND
SCHAND - Long Setup, Move is ON..NSE:SCHAND
✅ #SCHAND trading above Resistance of 290
✅ Next Resistance is at 366
Related charts:
Charts are 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.
Target intact All ready discussion on this chart
Note we never recommend any stocks to buy and sell
Incorporated in 1970 and listed in 2016, S Chand & Company is principally engaged in publishing educational books with products ranging from school books, higher academic books, competition and reference books, technical and professional books, and children's books. The company provides its products and services in printed as well as digital forms.
SCHAND - Long Setup, Move is ON..NSE:SCHAND
✅ #SCHAND trading above Resistance of 240
✅ Next Resistance is at 290
Related charts:
Charts are 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.
SCHAND SCHAND:- Ascending triangle pattern has formed, wait for a proper breakout, till then 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 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.
short & long term trade hello dosto namskar maai aapka mitra gyan prakash
aaj ek stock leke aayahu jiska name hai schand jiskaa vartmaan price 177 hai
abhi is stock mai cup and handle paatern bn rha hai jisko isne breakout nahi kiya hia iska beaekout price 205 hai jisko ye jab bhi breakout karega tab iska short & long term traget 300 se 307 hoga dhnywaad
Schand & company for Swing Trade This stock is in the range for last 10months and recently it has given trendline breakout with good volumes,
Can be played for upside move for the target of 133/145 with small stop-loss of 100...
R:R is 1:2
Trade on your risk...
Only for educational purpose....
Happy Trading....
Live Challenging Stock Market Analysis Buy SCHAND @ 95.25Market Analysis
Live Challenging Stock Market Analysis Buy SCHAND @ 95.25
Target @ 121.20
#sharemarket #schand
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S Chand & Company Ltd S CHAND - STOCK FROM EDUCATION SECTOR.
S Chand recently changed its trend in weekly timeframe and has formed another Higher High. Stock has potential to move towards 170/190 levels.
Stock lacks quality fundamentals with negative ROCE/ROE and EPS. Risky stock so manage risk accordingly.
SL - 60 WCB OR 90 DCB