3 Swing trades for 18 August Markets I daily make educational content videos for swing / positional trading
UMANGDAIRY
UmangDairy - a long opportunityObserved that Umang Dairy is steadily going up. It has paused at a key fibonacci level. If it crosses that, my chart says it can reach the levels plotted on the chart. Tradingview also gives the stock a BUY rating. So traders watching this stock may find a good buy opportunity.
As always, please do your own due diligence on each and every security before you act.
Queries / Feedback welcome.
All the best to all.
#UMANGDAIRY #stockmarket Flag pattern breakout retest 25% return#UMANGDAIRY
NSE:UMANGDAIRY
CMP: 58.80
Target: 73++
Might hold above 73 as well.
Stop Loss: 48
Time frame: Less than 2 months.
Keep trailing stop loss.
Factors:
Rising Volume with rising Prices.
Channel Median breakout.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher High & Higher Low.
Broken above resistance.
Trading at support.
Fundamentals are strong.
Risk Return Ratio is healthy.
And
Bullish Wedge FLAG formed.
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With 💚 from Rachit Sethia
