TECHNOE
TECHNOE - Weekly Chart AnalysisThe strength is still intact. A new ATH after pausing for 4 weeks in a 15% range.
I will stay in the trade until the strength persist. It is trading above all its moving averages.
Would not recommend you to enter at current levels and would rather suggest to wait for another base to form. Keep it in your watchlist.
Disclaimer: Already entered @ 464.50. This is just an analysis and not a buy/sell recommendation. If you intend to trade this counter then do your own due diligence and trade at your own risk.
TECHNOE - Ichimoku Bullish Breakout Stock Name - Techno Electric & Engineering Company Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 344
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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Techno Electric & Engineering Company Limited TECHNOE:- Stock has tested the resistance many times now if it comes to test then there are more chances of breakout keep your eye on this stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
YR 2022 Idea #71: Long on TECHNOE This is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.