CCL trade ideas
CCL product Weekly Break out based on my Aroon strategy CCL product Weekly Break out based on my Aroon strategy
CCL products(CMP 286) Closing Above 290 leads stock to 320+ levels.. (Can fill the GAP as well as Fib retracement level)
CCL: Have a TEA B.R.E.A.KCCL: Have a TEA Break (Needs More TEA to Purchase)
Bullish BAT
B = 0.382-0.50 of XA, Here 0.402 Criteria Fulfilled.
C = 0.382-0.886 of AB, Here 0.653 Criteria Fulfilled.
D = 1.618-2.618 of BC, Here 2.659 Criteria Fulfilled.
D = 0.886 of XA, Here 0.837 Criteria Fulfilled.
SWING / SHORT TERM LEVELS
Res.: @ 279.3, @ 283.5, @ 290.3, @ 295.5, @ 298.7-301 (HZ),
Sup.: @ 269.5, @ 266.5 - 264.3(Bounce Zone), @ 258.6.
More on the Chart.
Candle Pattern: Bullish PIN
Bullish PIN Criteria:
Lower Shadow: 2/3rd of WCL (Whole Candle Length)
Here High: 277 & LOW: 269.90, So WCL : 277-269.90 = 7.10
According to Criteria Lower Shadow must be : 2/3rd of WCL = 2 x 7.1 / 3 = 4.73
Here Lower Shadow: 274.65(CLOSE)-269.9 (LOW) = 4.75
Good Fundamental, Consistent Performer in Tea Segment .
Technical Indicators Looks Good to Reverse.
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Disclaimer: Only For STUDY. For taking Trade Decision Consult Financial Advisor.
CCL ProductsIn the Channel now, Respecting Huge Support and Resistance.
Breakout of this channel will give us decent run on either side. But since its not in FNO we will be looking for an upside breakout.
