Saucer breakout pattern in Wendt (india) Limited with very high volume.
Wendt has broken out of its range and being a Murugappa group company, fundamentals are solid in this one. Target will be the recent all time high and stop loss is marked on the chart. Time frame 2-3 weeks.
CMP: 7251 - Finding these set ups in such a market is a really tedious thing - Still just ~5% down from All Time High - O=L candles at 7200
buy above 5000 for intraday and positional keep stoploss of 4450 DCB for positional For Intraday: Note this scrip is volatile for intraday as spread difference is more so keep position sizing small For stoploss in Intraday use 5 minute chart and see nearest support. for target use 5 min chart and fibonacci pivots as i don't keep predefined target. try to book...
Seeing the past performance of the stock its time for wendt to show some profit booking, before it continues its growth
buy above 4270 in intraday and swing for swing trade wait for 15 min candle close (only for swing) and for stoploss use it according to your risk. For stoploss in Intraday use 5 minute chart and see nearest support. for target use 5 min chart and fibonacci pivots as i don't keep predefined target. try to book partially and trail. Note: this is not a ...