This is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. ...
Stock has come up with its first leg as an impulse. After that stock has gone into a considerable corrective price action. The current structure suggests that stock is ready to move up for another impulsive leg.
STOVEKRAFT: BUY ON CMP (583) SL: 540 TGT: 625/650
Stock is rising in an impulsive manner and from the highs of 588 stock has completed an expanded flat correction. After an expanded flat correction the post market reaction is sharp on the upside. Hence, one should look for buying opportunity in the stock for the upside target of 625/650.
STOVEKRAFT: BUY ON CMP (579) SL: 550 CLBS TGT: 625/650
CHART -> Stove Kraft DAILY SETUP
One can keep Stove Kraft in radar, for trendline breakout and RSI breakout.
Disclaimer: This is for educational purpose only. This is not any recommendations. I am not SEBI registered. Please consult your financial advisor before taking any action.
The analysis is done on Daily TF hence price may take few days to few weeks in order to reach the targets.
Trade logic is based on simple 200EMA strategy (explained in image itself).
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to...
Stovekraft price has seen a sharp rise from 783 to 1018 level and consolidated in a zone until recently.
The price has broken out the range with high volumes and took a pullback and rose today.
If the price manages to stay above 1068, the pullback will be a success, you can go long.
The stoploss and target levels are mentioned on the chart.