Reason for long
a) Mr.14 Set up
b) consolidation breakout breakout
c)Weekly breakout
d) Super vwap set up
e) Good risk reward set up
f) SL compulsory
fundas compromised Hence SL compulsory
Playing for pullback
You can take entry at current level or wait for rest
Stock stoploss is 20%
Target 40/50%
*After 20% trail sl*
## Caution this is panny stock ##
Why this Trade?
1.BULLISH RECTANGLE
2.BULLISH FLAG
3.UPMOVE 50% IS EXPECTED
Buy or Sell based on the Support Break with Volume
Disclaimer:This view is purely for educational purpose and it's my personal.Please consult your financial advisor before attempting any trade.We're not responsible for any loss or profits.
Stan Weinstein framework:
1) Price above rising 30 Wma
2) Rising relative strength
3) Volume expansion during breakout
4) no prior resistance, stock consolidating at all time high level
entry above 86
sl below 77
CEREBRAINT | Taken out the swing high with volume + RSI breakout - 40%
CMP : 76 (Dip : 70)
SL : 65
Target : 105
1:5+ risk reward setup
Target Calculated based on Fib.
