You have a choice again!Choice seems to poise for it's pre bonus level of 500 again. Now that the news of the new project done. It's all about the move now.
CHOICEIN trade ideas
Long Setup in Choice InternationalAn On Neck Chart Pattern Breakout happened on the Weekly Time frame of NSE:CHOICEIN
Price Action is well supported by the volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list.
Initiate the long trade only according to the levels mentioned.
Stop loss will be on a Weekly closing basis.
Trend Analysis :- UP Trend
Chart Pattern :- Bullish On-Neck Chart Pattern
Technical Indicator :- Positive MACD Crossover
Choice International LtdCHOICEIN - looking good
Stock give breakout
Buy above 435 | Tgt 452, 465 and 475 | Sl 423
It is my view, to trade on your own analysis
Choice international ltd choice international looks good for short term/ longterm
won rs 50 crore contract
moving with supportive trendline
making higher high
resisting at 395 (gave breakout )
once cross and sustains will head towards 441 -484
keep sl below supportive trendline
Choice International Ltd's subsidiary Choice Consultancy has recently won a contract for Digitalising Agricultural Credit Societies System in Bihar. The project is worth Rs. 50 crores. Good profitability is expected for the company. Stock has huge potential to reach another high.
Support on Triangle - Big BreakoutStock has given a breakout and goind on support line
264 is a good buying level and from there it could give almost 1:4 Risk Reward
Stoploss 247
Fibonachi Retracement 1st Target 329
increse of 75% in net profit from last quarter
September 8 CR
December 14 CR
CHOICEINWait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
Thank You..
