Liberty Shoes ready for 15-20% moveBreaking out of 160 level after too many days
if sustains above 160 level on weekly then 180 200 215+
Tgts possible in next 2-3 months
LIBERTSHOE trade ideas
LIBERTY SHOES - 1W TF - Inverse Head & Shoulders, Cup & HandleInverse Head & Shoulders pattern forming on Weekly Chart of LIBERTY SHOES. BUY 160, SL 132.9, Target(s) - 180, 190, 200.
Cup & Handle pattern forming on Weekly Chart of LIBERTY SHOES. BUY 182, SL 132.9, Target(s) - 220, 230, 240. Cup Depth = 112. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
LIBERTY SHOES.. big upmove ahead? LIBERTY SHOES has has been in consolidation mode since the month of June 2020.
daily moving cluster avgs provide good support at 140 to 142 levels
above 160 can give a good move 235 and higher
LIBERTY SHOES ON DAILY TF.LIBERTY SHOES POSITIONAL TRADE OPPORTUNITY.
ASCENDING TRIANGLE FORMATION.
This is just for educational purposes. It's your choice to trade or not.
If any suggestions please let me know in the comment box.
Liberty: Triple Top.Liberty has struggled to cross 152 in last 3 attempts and on every attempt a huge bearish candle forms.
Now scrip is in uptrend and this time fall near 152 has faced low volume as compared to previous falls.
Scrip was in narrow range since past few days and indicates stock was being accumulated.
THis time it could cross the 152 level & if it sustains & close above 152 for 2-3 trading sessions. go long..
Target 1 175
Target 2 190
Liberty: Triple Top Liberty has struggled to cross 152 in last 3 attempts and on every attempt a huge bearish candle forms.
Now scrip is in uptrend and this time fall near 152 has faced low volume as compared to previous falls.
Scrip was in narrow range since past few days and indicates stock was being accumulated.
THis time it could cross the 152 level & if it sustains & close above 152 for 2-3 trading sessions. go long..
Target 1 175
Target 2 190
Liberty Shoe Breakout Likely for 112 124 127 131 137 142Liberty Shoe Breakout Likely
for 112 124 127 131 137 142
SL 92
Safe Traders Buy Above 112 Only As Stock is in Consolidation Phase
LIBERTY SHOE: MAKE OR BREAK ...... Entry, ... Accumulation, ..... TARGET, .... EXIT,
...RESISTANCE Line, .....SUPPORT Line
All mentioned in detailed.
liberty shoes investmentAll levels in chart . looks very good for investment.
All dips to 214 should be bought for targets 400++
Liberty : On the verge of breakoutScrip is near the breakout range followed by double reversal. Anticipitaing it to reach Resistance (target) after crossing 52-week high and breakout
Volume of buying has also been on the rise..
Will trade after bullish confirmation around price range = 210-215 so as to ensure it doesn't retrace back towards crucial support levels forming triple bottom
Testing the resistance lineLiberty Shoes testing the long term resistance line at 192. A convincing breakout is on the cards...
Footwear's looking Attractive for longer term horizonKey Observations :
The above mentioned stocks (Bata India, Relaxo Footwears & Liberty shoes) from a Leather products category seems to have set for next leg of upward rally as all are on the verge of breakout from its short term corrective phase.
After a formation of positive candlestick pattern of last week, the stock price seems to have started sharp surge with an increase in volumes from the lows. The weekly chart pattern is suggesting a strength in the upside bounce back in the last few weeks and the beginning of a fresh upside from the lows of previous week.
Presently, these stocks are trading above its 200-Weeks EMA line and also ranging higher from our trend reversal indicator, which indicates that the positive trend is intact. Weekly stochastic oscillator has given a Buy signal and heading upwards from the oversold zone.
The 14 period RSI has placed above the key upper 60 levels and is making attempt to turn up from there. This could suggest intact of upside momentum. Going forward for these participants.
Current Price-Volume action, overall positive chart and momentum setup is showing an investment opportunity in the above mentioned stocks with medium to longer term perspective.
Particulars Trend Reversal Point
BATA INDIA 500
RELAXO FOOTWEAR 407
LIBERTY SHOES 142
(Note : Trend reversal levels as per weekly closing basis.)
LIBERTSHOE - Swing TradePatterm: Ascending Triangle
Trade: Swing Trade
cmp: 176
SL: 158
Target: 195 (Very Shortterm), i will update further targets later!
