AUTOMOTIVE AXLES TARGET 2664AUTOMOTIVE AXLES monthly primary trend and weekly closing above the trend. Bullish trend. if the weekly close is above 2151 and sustained, it will reach 2664
AUTOAXLES trade ideas
AUTOAXLES | Good for Long ?NSE:AUTOAXLES
Cmp : 2239.25
Entry : CMP or Pullback Near 2275.
Stop Loss: According to one's Risk Reward ratio
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Disclaimer: All the information posting on this page are for the educational purpose only, we are not SEBI registered financial advisor. We wont recommend any BUY/SELL of stocks. Contact your financial advisor before taking any action
AUTOAXLES
CMP: 1725
- High RS
- Good Delivered Quantity percentage (>60%) in the last 2 weeks
- If you see the history of this stock, you will find that this stock trades in the Wedge pattern
Automotive Axles Ltd - 24.06.2022Automotive Axles Ltd - 24.06.2022
The stock is trading @ 1575 levels
There is a CHANNEL RANGE
There is a DOJI in Weekly Chart
The prices are above EMA
One can initiate a BUY Position around 1545 with SUPPORT @ 1475
AUTOAXLES : BULLISH OUTLOOKRANGE BO
TGT - 1750 & 1850+(Positional)
𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis
Buy Today, Sell Tomorrow: AUTOAXLESDON'T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm everyday
- Book profits within first 30 minutes of the market opening
- Try to exit taking 3-5% profit of each trade
- SL can be taken when 5/15 min candle close below 44EMA
- SL can also be maintained as 1% or closing below the low of breakout candle
Levels mentioned on the chart are calculated using Breakout Indicator
Now why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Inverted H&S Breakout in AUTOAXLES
Buy Today, Sell Tomorrow: AUTOAXLES
AUTOAXLES : BULLISH OUTLOOKAlready given breakout , Seems to be heading towards Prev High
TGT - 1750 & 1850
SL - 1500
Disclaimer
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
Auto AxleDisclaimer: This is for demonstration and educational purposes only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before making any trade.
automotive axleNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3. Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
Intraday Trade: watch for trendline breakoutbuy above 1425 in Intraday
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 prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.
Parallel channel !!Stock has been trading in parallel channel making higher highs and higher lows. Also it has corrected nearly 25% from its high of around 1564 levels till 1170 levels, with almost subdued volume action.
One can consider long position at CMP with SL as closing below the channel on weekly CB and target can be near or breaching the upper trendline, with more than 1:3 RR.
Results to be announced next week.
Kindly do your analysis before initiating trade.
AUTOAXLESOn very good support level
we can see more upside levels in future in it
Not any recommendation
thank you ..!
AUTOAXLES :: LONG BuildupAUTOAXLES :: LONG Buildup
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Good Entry levels 1390 - 1400
Initial S/L - 1205
Target 1560+++
Many positive Technical signs -- Trendline reversal, RSI breakout, recent Parallel channel breakout.
Trail your S/L using SuperTrend Indicator and ride the trend.. Stock went thru Long consolidation,, so one may expect Large Reward if the upcoming results are good.
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Caution : Smallcap Automobile stock... Prefer allocating <5% of your capital.
And consult your financial advisor to know more about the risks associated with buying / selling shares.
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Simple Range breakout.Place stop loss below consolidation range near 1270.
Target based on next immediate resistance.
Expecting breakout ✌✌This scrip is expected to give box breakout as it is on the verge of breakout. So traders keep on your radar to catch the momentum and enjoy the profit. Thanks to all.
