Swing-trading
Swing Trade - Bervin Investment🔴DISCLAIMER
***** It's just for an educational purpose, So you must also follow your own technical analysis before taking up the trades ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
Ideal Target and Stop Loss should be minimum 1:2 RRR (Risk reward ratio)
After reaching our targets, Book 50% Profits and trail your stop loss to get maximum profits from rest of the 50% in your trade.
GSPL : +15% Upside Potential25 Nov 2022 GSPL
Stock BO of previous TL on 15 Nov 2022 with huge volume, after spending 2 weeks in the zone fresh BO is seen with volume, likely momentum to continue.
Summary
• BO/RT done
• Stock has shown a good support @POC around 238 zone
• 76 days of accumulation
• Fresh BO
Conclusion
• CMP 260.45
• Initiate test qty
• Higher targets could be around
o Short Term – 276/296
o Mid to Long Term – 332/379(Important resistance to watch out for 311-326)
Wish You Happy & safe trading
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind Jai Bharat
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Don't use this chart it's only testing propose.