#Marathon Next GenSwing buy above 92 for a target of 115 initially,sectoral tailwinds suggesting a breakout,Enjoy and ride the trend
MARATHON trade ideas
MARATHON NEXA (CONCEPT OF SPACE)1. I am little bit cautious on this chart.
2. Its definitely we can see the breakout candle on chart which has broken yellow neckline.
3. But here is crux point, its called concept of space. after breaking out previous resistance, there is immediate another major hurdle from where the price rejected two times and the major trend of this stock is also bearish on HTF.
Note :- We can get more clarity and confirmation to go long, just after breaking of MAJOR RESISTANCE which is around 105/110.
Marathon Nextgen LONG The Fight between Bulls and Bears has been over now marathon next gen is ready to Takeoff breakout done with huge volume TARGET 150 risk reward ratio of 5.85 looks great have a nice day :-)
MARATHON ON SPRINT RUNTechnical are strongly bullish on MARATHON, trend is also supporting breakout.
Channel breakout is always a bullish/bearish signal for all stocks.
LONG POSITION for 2 months will give 10-20% return.
FOR LEARNING PURPOSE ONLYThe Stock Has Given Breakout After Testing The Resistance Zone For 2-3 Times On Daily Timeframe.
The Breakout Has Been Given This Time With Heavy Volume.
So Traders Keep This Stock On Your Radar 👍
Thank You So Much Everyone For The Love❤
Marathon Nextgen Realty - 3yr S/R zone breakout w/vol
BUY GUIDANCE:
Never buy before 3PM (for positional trading). I have been burnt many times over. Try to buy between 3:15 - 3:30PM, later the better.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis)
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note: I reserve the right to be wrong.
DISCLAIMER:
I am not a SEBI registered analyst. Please consult your financial advisor before investing.
Charts of the Week: Stocks having potential to be MultibaggarsCharts of the week. Stocks that we discussed in this video have potential to become multibaggar stocks in coming years.
Stocks discussed in this video are $ATULAUTO $INDUSINDBK and $MARATHON
All disclaimers apply.
MARATHON : Weekly chart . Inverse Head and Shoulders patternMARATHON : Weekly chart . Inverse Head and Shoulders pattern in formation.
CMP 88.15 with support 60 . Good upside possible 250+ in medium term.
Buy MARATHON NEXTGENAccording to chart anylasis its given solid breakout.
Buy @80 or above.
Target: 85-92-100++ short term target.
BUY MARATHON NEXTGENBuy at current price Rs.78 nearby target is Rs.100 within one month.Stoploss is Rs.62.
Marathon Nextgen - Weekly Time frame Analysis CMP 84 buy @ CMPMarathon Nextgen - Weekly Time frame Analysis
CMP 84 buy @ CMP for Target 99- 120- 140- 170+
Sl below 69 candle closing basis+
Buy marathonBuy Marathon @ 77.50 Target 92 SL 69. Can take trade as per given level. This is for your educational purpose only.
Marathon - CMP 102.4 Looks good after 103Sideways Trend - Price moving through a channel
Powerful demand zone is 91-90, so it should not break
otherwise stock can fall to the downside
If that support zone hold successfully then
technically it can rise to 108-113-118-122
Marathon Nextgen A cup and handle breakout is seen. Potential upside 200 pts.
Disclaimer: I am a novice at charting and this chart is for educational purpose only, Views and opinions are welcome.
