#POWERGRID #vcpbreakout #VCPpattern #breakout #swingtrade #momentumtrade
Power Grid : Swing Trade
>> VCP Breakout
>> Trending Stock
>> Good Strength & Volume
>> Low Risk & High Reward
Swing Trader can lock profit at 10% and keep trailing
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CASTROLIND has given a beautiful trendline breakout plus the sector being in a strong uptrend, this trade should not be missed. Risk reward is huge as the SL here is miniscule. SL should be below 197. Hold for couple of weeks for good targets
Hindustan Unilever is in the FMCG business company.
I think this stock is currently in a good support zone.
By touching the support and move will go back to its all time high in a few days.
According to my technical analysis, I believe that the stock will trade and come true. At the same time, considering some of the main points I am going to tell you , ...
Earlier Adani Total Gas Limited gave 135% move within a few days and after that, it has been consolidating since 10th of December.
The pattern is a descending triangle after a long up move And A horizontal range Has been formed.
The support line of the pattern Is at 0.382 Of the Fibonacci retracement zone.
The volume is showing spikes on bullish...
A good possibility of a BO is in the making. If it can sustain then the higher levels (blue lines) can be achieved.
A strict SL should be followed (red line) and for best results, trail the SL based on something that is uniquely your own !
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To get long term consistency you must create your own system by absorbing what is useful, discarding what isn’t,...
Weekly narrow range candles showing a lot of interest in a massive breakout. 30-35% move is expected in this stock.
NOTE: Study the chart/ fundamentals before you buy anything or consult your financial advisor.
NIFTY50 Update (1W TF) - 26th Feb, 2024
- The Price Action structure still looks intact for a further upmove
- There will be a slight retracement to take support before the upmove
- The lower trendline will act as a major support in case of a correction