GRAUER & WEIL (INDIA) LTD stock is testing the trendline in WEEKLY TIME FRAME and hammer candle is forming. We can go LONG (BUY) #swingtrade...my suggestion stoploss @ ₹54 and profit @ ₹80...u can adjust the profit according to the market condition..
1. Buy or Sell at your own risk 2. Don't risk more than 1%-2% of your capital as stop loss 3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price) 4. Sell on initial stop loss hit or daily RSI closing below 40 5. Some other ways to sell stocks can be a. 25% or 50% up in three weeks or less b. Weekly tailing tops with high volume c....
as its visible form the chart, it is on its support level which earlier was its resistance and if it breaks the channel in the upward direction we can see good upside. fundamentals are very good of this company
* Two chart pattern completing at the same time High conviction set up .If it made above 200-day moving average gives more confident . * In daily time frame high volume buying initiated today that gives gives a bullishness sign . * Before the breakout this stock made a Ascending Triangle chart pattern and breakout with Significant volume .
Disclaimer : Only for educational Purpose,not a stock recommendation Trading is an art, learn the art!!! #stockInvestment
Can go long at 48-46 stoploss 40 target 60-80
Last few weeks it was moving in narrow range at the Lower trend line of the ascending traingle. It touched the lower trend line gave narrow ramge break with volumes. Ascending Triangle breakout is still awaited. Based on range break, can enter in parts here. Range break Not a recommendation For educational purpose
GRAUWEIL : pattern : stock moving in channel stock is moving in channel and consolidating for Technical indicator : MACD bullish crossover . we have got crossover RSI May give bullish signal too very soon. Volume confirmation is pending . Stock has upside potential Immediate SL : 35
Buy around 43-46.fundamentals of this stock is good. And technical showing bullish signal..Moved above support and RSI above 60. Targets SL are mentioned on chart. 🤘🏻
Near support levels at 49. Buy around 50 for a target of 54. SLTP 48
disclaimer... not an investing/trading recommendation
Stock has seen support around 60-62 levels and has bounced intra-day today with good volumes. Expecting target of 75 in near term