Motherson forming Broadening Wedge, Trendline support since 2020Hello Traders! Samvardhana Motherson – Broadening Wedge Breakout with Ascending Trendline Support
I hope you all are doing good in life and in your trading journey as well. Today I have brought a stock which is showing a dhamaka setup on the monthly chart – Samvardhana Motherson International . The stock is trading inside a Broadening Wedge Formation and respecting a strong ascending trendline since 2020 . Recently, it again bounced from the support zone near ₹91, which clearly shows demand and buyers’ confidence at lower levels.
The ideal entry zone lies between ₹100–₹105 with a protective Stop Loss at ₹91 . On the upside, the first hurdle is at ₹119, and once that is crossed, the stock may head towards medium-term target of ₹141 and long-term target of ₹163 . Rising volumes also indicate accumulation, and a sustained breakout above ₹119 could trigger a fresh multi-month rally.
Disclaimer: This analysis is for educational purposes only and should not be taken as financial advice. Please do your own research or consult your financial advisor before investing.
Analysis By @TraderRahulPal (TradingView Moderator) | More analysis & educational content on my profile
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Swingtradeideas
Fivestar For Swing TradingFivestar Prediction for Swing/ Posional Trading
You can enter into trade above 800 or CMP
Sls- according to you RRR.
Targets- 835,885,940,995,1045,… (more will be updated later if need )
According to your “STOMACH” book your profit. Always maintain your risk management.
Watch Carefully – The Chart Explains For Itself.
Disclaimer:
I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.
About Fivestar –
Five-Star Business Finance Ltd. engages in the provision of financial services. It offers terms for business loans, housing loans, and commercial vehicles. The company was founded by V. K. Ranganathan on May 7, 1984 and is headquartered in Chennai, India.
L&T Finance Holding - Good swing trade 🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
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)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
SHAL PAINTS - Swing Trade🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
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)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
KARUR VYSYA BANK - Swing Trade🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
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)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
RHIM - Swing trade with Minimum SL🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
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)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
COALINDIA Analysis- Buy And Sell LevelsHere is just an update for coalindia . Both buy and sell levels are given. Follow Chart. Earlier I gave only sell levels.
In Buy side we are just trying to take early entry on the basis of ripple.In weekly time frame it is strong and if it crosses 165 it will go to 190.
So, Build your positions accordingly.
See the below chart shared earlier. Both buy and sell levels are valid. Use alerts for entry.
Note:- I am not SEBI registered . All Views and trade setups are my personal view and my personal trade setup.
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