The 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....
TECHNO is perfectly symmetrical triangle pattern on weekly time frame.
Closing and sustaining above 346 can lead to a massive upside rally in coming days.
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....
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...
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. ...
#watchlist
#TECHNOE (weekly):- buy at cmp 307 accumulation till 280/270 level for target 400/470++
#Disclaimer:-I just shared view for only educational purpose.
#priceaction #multiyearbreakout
#BREAKOUT
