As per the 4h chart the bullish candle in devloped at the support levels.
The RS indicating positive.
The RSI also indicating good strenght.
The Break out in smaller time frame.
The price at Moving avrage Support.
Entry : 371
SL : below 353
T1 : 396
T2 : 421
This relatively less known stock NSE:GRAVITA is showing some pretty interesting breakout ready pattern.
Reasons (Many ways you can view it)
A head-and-shoulder pattern formation near-to-breakout
Rounding Bottom formation completes since Feb'2022.
Closed above a long-term resistance line around 380.
Buy above 388, SL: 379.
Stock Name - Gravita India Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 378
#This is not Buy and Sell recommendation to any one. This is for education...
DON'T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:00 pm every day
- Book profits within the first 30 minutes of the market opening
- Try to exit by taking 5-7% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
- SL can also be maintained as 3% or closing below the low of the breakout candle
The levels mentioned...
GRAVITA
Time frame- Daily
*Descending Channel formation Breakout
* Breakout above 342
*Resistance - 397
*Support - 312, 306, 279
* Short term to Medium term pick
Disclaimer:- I am not SEBI registered analyst. Only for information and education purpose. Please consult your adviser before investing.
#technicalanalysis #technicalanalyst #swingtrading #swingtrader...
NSE:GRAVITA
Gravita is looking perfect on charts. With strong bullish probability one can go long with this stock.
Stock is at the Support zone.
Support Supports this Stock:
Price is bouncing from this price zone for the past three times. This acts as a perfect Support zone for the Stock.
Mentioned in green arrows. With a green rectangle.
Stock is...
