Entry: 510
Stop Loss: 489
Target: 623
Notes:
Breakout from base with good volumes
Retest with lower volumes
Price at EMA 10
Price looking to complete round bottom on higher time frame
The stock has undergone deep correction. The annual results are expected to be good as compared to the last year considering good performances in quarters. The target selection is moderately identified as the stock may move in trend to reach around 600 until the result date.
SURYA ROSHNI
On daily chart looks base formation and Uptrend will start
Buy above 467 levels for 8-15% targets
Keep SL at 440 levels
Keep Short term View & follow Strict SL as its Risky Call
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
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SURYA ROSHNI as per daily chart analysis above 658 level for a target 668 level. Tomorrow the nifty will go down initially and then bullish reversal will take place and market will continue to be bearish. Don't hold long positions.
After long rally finally gave a pull back
Now at a strong support area
Can accumulate for some time here before going up again
Risk to reward is very favorable
Surya roshni stock formed good Cup pattern and consolidated for a while and given a good breakout with decent volume, potential target would be 900 , this is not a buy recommendation . ONLY FOR EDUCATIONAL PURPOSE
Stock of the Week: #Suryarosni
Entry Price: 468.85
SL: 349.95
Position Sizing: 15%
Reason: On the verge of 3 years breakout with an increase in Volume.
NSE:SURYAROSNI
All levels drawn on chart.
111 is the major support and 122.5 is the resistance - can zoom out and see the Fib retracement levels.
Positional Trades:
Go Long at 117 for 118.5, 120.5, 122.5 with SL at 114.5
(For the Morning Star hypothesis to be true, it should gap up and open in 116-117 if not higher)
Or
Short below 114.5 for 113, 111 with SL at 115.5 for the...
Stock has broken Weekly Resistance. Had nice impulse move on Daily chart. Stock is on important ichimoku turn date, Price action confirms the same. Don't Rush and Buy this at CMP 262, wait for Retracement towards Zone 246_229
Look to enter Positional only between 246_229, Impulsive move lasted for approx 70 INR, expect same harmonic movement from this Buy Zone to...
The price action is very encouraging from a Wyckoff perspective. I will watch this stock this week for a potential pull back or "back up to the edge of the creek" in Wyckoff parlance. Looks promising.
