Once if this trendline breaks, we can expect a decent move.
Selling is discretionary as per risk. i'm expecting 3 to 4 %
I may take the trade if it satisfies the following -
- Trend line breakout
- Huge volume at breakout
- Entry will be retracement after breakout
I don't recommend to others to trade as per my views. I posted this for my reference.
No buy...
📌SWING TRADE FOR NEXT WEEK🚀
Hello Traders⚡
I am a Swing Trader by Passion i only trade on Momentum Stock's.
📌I Post Daily SWING CHARTS Analysis on My Trading view profile..
So let's Start
📌TRADE ANALYSIS OF CMSINFO :-
• Potential Breakout Chart
• Symmetrical Triangle Pattern ...
CMS Info Systems Limited is India's largest cash management company in terms of the number of ATM points and retail pick-up points. The company has an order book of ~4400 crs.
Ascending Triangle Breakout Setup
Volatility Contraction
8 months of consolidation
RSI near 60 and rising
Trading above EMA50
Volume increasing
Disc: not a recommendation, for study
Symbol: CMSINFO
Chart Pattern: W
Observation: Formed W Pattern and LL and HL Formed.During Correction not corrected As others.
Today is very narrow range Candle.
Note:I am not sebi registed.Not a Buy or Sell Reco.Just for Educational Purpose.
Disc: I have open position on this counter.
CMS Info Systems Ltd. is another good chart to view
TECHNICALS
1. Huge Volume surge in last week
2. Narrowing Bollinger Bands on Weekly chart
3. Price Trending in a Box on weekly chart for last many weeks
4. RSI on all time frames above 60
5. RS is positive.
6. Major supports 50 Week EMA/ 20 week SMA 357/382 Respectively
7. Box Breakout will bring 480 as...
The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below...
SWING Trading Strategy:
Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)
INTRADAY Trading...
Oct 26 2023 - market fell, but the price didn't react much
Almost moves above 350.
From few days, price is in a range but RSI is going up.
Good results, margins contracted.
Higher volumes than usual from 2 days.
Looking at the Doji today someone might have booked profit.
Wait for the price to retrace. It can move in any direction. Keep SL 363.
Aim for 400-405....
NSE: CMSINFO is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 14% to 20% gain on...
Chart analysis:
Pattern: Ascending triangle pattern is formed when the consolidation takes place. The pattern is formed from more than 6 months candles indicating strong pattern formation and after BO the trend continues.
Pullback: Pullback of last rally is between 0.382 and 0.5 which indicates the momentum is still present.
Volume: Volume dry up happening,...
CMS Info System has retraced from fibonacci level of 398 one can look for selling opportunities for 372, 360 price targets with a stoploss of 390 on closing basis.
PS - THIS IS JUST FOR EDUCTAIONAL PURPOSE AND TRADE ON YOUR OWN RISK WITH CONSULT OF YOUR FINANCIAL ADVISOR
Above all key moving averages. 21 Days MA as stop loss.
Riding the wave. Recently good volumes and 52 week high breakout.
We are not SEBI Registered Advisors. This is purely for training and educational purposes. We shall not be responsible for your profit or loss. Please confirm with your investment advisor.
Cmsinfo - uptren & nearly all time high...
Rsi took support at 60, dmi & + dmi above 25, looking good for positional buy...
Buy above 362-365
Sl 340
Tgt 380-408-508 as per you hold at least for 3-6 months
it seems like the price is sustaining above the resistance zone very nicely, can GO LONG at CMP or buy on dip till 317 level with Sl of current low which is 313 for the target of rs 350 as shown in above chart.
ENTRY = CMP OR BUY ON DIP TILL 317 RS
SL = 1D CANDLE CLOSING BELOW 313 RS
TARGET = 350 RS
THIS VIEW OF MINE IS PURELY BASED ON TECHNIAL CHART AND FOR...
The stock again bounced from support level, in short term potential of 10% upside and long term 50%.
Stop Loss below support level of Rs 280.
Thanks
-AJ
CMSINFO:- after giving breakout Stock is consolidating keep on radar
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades...
![CMSINFO: [Swing Trade] CMSINFO](https://s3.tradingview.com/5/5vUb8XXu_mid.png "[Swing Trade] CMSINFO")
