Swingtradesetup
KPR mill - Good Momentum🔴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.
Swing entry chance in LICHSGFINNSE:LICHSGFIN
There's a trendline which acts as support for the stock in 1 hour time frame, chances are that it might take support at the trendline again, if that happens we can take a short term entry on the stock and hold it till it reaches 143 levels as there is a resistance. If the price doesn't go back to the trendline to take support instead moves up and a breakout happens then we can enter above the resistance zone drawn using the rectangle and keep a target till 143, which might give 2-2.5% returns.
Swing Trade in WIPROSell WIPRO below 437.95 With The SL of 453.65, First Target Will be 419.60, 2nd Target will be 399.95 and 3rd Target will be 372.00. as we see Wipro is on crucial level it can be bounce up if it give gap up opening and go above 453.65 avoid it for some time and wait for breakdown of the given level of 437.95. if we see on weekly chart 419.60 and 399.95 is good support on weekly chart. it may be possible stock can go for test this level. one more Important thing Wipro is trading on Harmonic ABCD down side this is the place from where market needs to take a bounce but as we see on Weekly chart Wipro is continuously going down so we are looking good on down side.
Swing Time 3 to 6 day
Please Note : We are not SEBI Registered advisor, trade as per your own risk and reward.
Thank You!!
#SHRIRAMCIT- Long Buildup Candidate#SHRIRAMCIT
Buy-Above 1700
Sl-1500
T- 1950 2200 2350+
Consider building long from CMP area, however conformation is above 1800.