MAHSCOOTER trade ideas
Maharashtra Scooters stair step formation✔✔ Stair-Step Patterns
✔The next type of continuation pattern is what we call a stair-step pattern. Like the flag, the stair-step is going to occur after a sharp trend to the upside. For example, the stock will trade sideways for a few days and then surge to the upside. The result is an image that looks like a stair-step.
Its also a trend continuation pattern.mean the stock will continue the current trend.
what is trend continuation pattern ?
✔In its most simple form, continuation patterns explain how stocks move during countertrend moves. We all know stocks cannot go straight up or straight down, they move in the primary direction and then retrace in the opposite direction before continuing. These little retracements are continuation patterns.such are
🔹Stair-step pattern👇
It is a type of continuation pattern is what we call a stair-step pattern. Like the flag, the stair-step is going to occur after a sharp trend to the upside. For example, the stock will trade sideways for a few days and then surge to the upside. The result is an image that looks like a stair-step.
🔹Flag Pattern👇
Flag patterns are a type of continuation pattern that appears after the trend has already started. It is a small countertrend move that will often scare a lot of people out of the market. But the bullish flag pattern doesn't have enough fear in it to fully reverse the market.
🔹Pennant pattern👇
The final pattern is the pennant. This is one of the most popular and well-known patterns. It is a flag pattern which has the support and resistance collapsing in on itself.
note guys this is not a buy recommendation.this is just for study purpose.
hope u have learned something new.🤗
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Multiyear breakout in maharashtra scooter..!!!
****Disclaimer****
Trade with risk management but don't get afraid of taking risks because the winner is who BETS as well as never gets out of CHIPS...!!
MAHARASHTRA SCOOTERS with Bullish RSI divergence Maharashtra Scooters chart is showing bullish divergence with RSI.
Fundamentals are sound, debt free company. Investments are 5 times market capitalization.
Available at beaten down valuation, P/E 11.5.
Presently bullish. Support is at 2314, near term resistance is at 2540, if it is crossed and the stock remains bullish intermediate term target is 2824
maharastra scooter looks bullish in short to medium termIn weekly, price bounced from horizontal support, hidden bullish divergence also formed here.
sl - 2080, tgt - 3370
Bullish chartThere is resistance at 3125. If it crosses effortlessly on monday, next short term target is 3250.
MAHSCOOTER- RESULT PRE-VIEW!!MAHSCOOTER-
This stock is my one of the fav stock and now again stock will hit new high as stock was or company was outperform from last - years and now again I am expected good result and stock will move 5-10% after result. there is two strong support first is 1900 and another is 1851 for result trade if stock trade below these levels then better to exit.
