Trade Logic | LONG TREND. SMALL PULLBACK HAPPENED. WATCH FOR BREAKOUT LONG TREND TRADE NOW
Stop 114 -11%
Target 143 +12%
RR 1.2+ 2nd Target Open
Details on chart as always
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From the current levels, it has the potential to go 1800 and beyond. The rounding bottom is clearly formed with a higher high formation.
Enter at the current levels with stop below the breakout line.
Kindly note that this is not a recommendation and do your own analysis before investing.
Stock is in a weekly uptrend, on a daily chart it has given breakout on upper side and retested upper trendline.
Initial Suggestion few days back
Buy Price - 2350
SL - 2094
Buy Price - 2400
SL - 2165
Results have also come out strong.
ALKEM LAB IS ON THE VERGE OF GIVING A BREAKOUT OF THE DOUBLE BOTTOM CHART PATTERN. LOOK FOR BUYING OPPORTUNITIES IF IT GIVES A BREAKOUT WITH GOOD VOLUMES. IMMEDIATE TARGETS OF 3100-3150 CAN BE ACHIEVED. STOP LOSS 2935.
GOOD BUYING SEEN IN INDUSIND BANK TODAY. RSI BULLISH. THE TREND LINE SHOWN IS THE RESISTANCE LINE IN THE WEEKLY TIME FRAME. IF IT OPENS SOMEWHERE NEAR 1020 THE MOMENTUM CAN CONTINUE YOU CAN LOOK FOR BUYING OPPORTUNITIES. THE FIRST TARGET WILL BE 1085. ONCE IT CROSSES 1100 LEVELS WITH MOMENTUM 1195 LEVELS CAN BE ACHIEVED EASILY. REWARD TO RISK RATIO ALSO...
It was continuously taking support at the 200 D EMA, which is also a Fibonacci level. Increasing volumes in the last two trading sessions. Looks perfect for a swing trade with a reward to risk ratio of 2:1.
Please let me know your views in the comment section.
🍁 R Systems International 🍁
✔✔ buy @110-114 range
sl below 108
trgt 127-135 🎯🎯
period 1-4 months🌸
need patience guys
reaosons for this entry
🧩chart looks like accumulation
🧩 minimised risk(low risk high benefit)
🧩stock in a good support zone
🧩publishing good results
🧩expecting good movement in IT ZzZoon
🧩delivery volume also increasing
Here In this chart, the stock is moving near the support line. No crashes are there for short periods of time. Bollinger bands are at their half position. We could expect big bullish candles in near future. You can buy it for a long.
Keep trading, at least try paper trading. Have a profitable next day. Don't forget to follow. And If there are...
* Stock has given a Inverted H & S Pattern breakout on weekly chart .
* This stock has trading near life time high.
*If we look at the volume part, significant volume activity is witnessed at the time of breakout.
*Price has also trading all the important moving averages.
*Considering all technical evidences we may see good up move.
Duration- 06 to 12...