Sl
Small cap in good trend.GSCL cement is going in a very good trend and is expected to give some good returns in short term, target and sl are drawn in the chart, it is also with the support of ema.
WEEKLY DURATION MAJOR TREND LINE ANALYSIS !BPCL is clearly seen taking support from its major trend since past 1 year. It is very difficult to break this trend line. Hence it is good opportunity to go long with small SL.
Tips : This is weekly chart , Use weekly chart for trend analysis. Use daily chart to find proper bullish candlestick reversal pattern on this trend line and use 1 hour time frame for smooth entry.
Put stop loss little below the trend line and aim for at least 7%+ target or as per your holding power.
This is major trend line analysis done for mainly educational purpose , feel free to share your views/feedback.
Seshasayee Paper & Boards Ltd Ready to take off✔✔Seshasayee Paper & Boards Ltd Ready to take off✔✔
✔✔weekly chart✔✔
enter @155-160 range
sl 145
trgt 180-194-225++
all studies explained in the chart.
reasons for this entry
🧩trendline are mentioned in the chart.
🧩there is a ascending triangle pattern.
🧩volume increasing.
🧩fundamentally almost good
🧩sound financials.
hope you likedi it , thanku🤗.
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