MONTECARLO breakout with good volume on a daily time frame, one can add at this level with SL @ 615 on daily closing basis TGT1 : 665, TGT2 : 698
Note : It's your hard earned money always trade with SL, I'm just sharing my analysis
~Monto Carlo has lost its upside momentum.
~S.L. is triggered in monto carlo.
~It is trading below the uptrend line.
~link of the previous chart is given below.
Buy Monte carlo 700, till 580 for 950,1050. Double bottom made at 450 range and stock is regularly surging higher. Today at 700 is highest weekly close. Exit if falls below 450 on weekly closing basis.
Taking support on trend line.
Retested resistance line after four and half years. So there is High probability to go up.
Volumes are rising.
Rs positive stock with strong RSI.
DON'T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Book profits within the first 30 minutes of the market opening
- Try to exit by taking 3-5% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
- SL can also be maintained as 1% or closing below the low of the breakout candle
The levels mentioned on...
#MonteCarlo shares breached the resistance of 740 last month with higher volumes.
Then after retracing it tested 740 as resistance and now moving upwards. I expect a new life time high above 830 in coming weeks
#TradingIdeas #trading #investing #stockmarket #stockstobuy
Stock Name - MONTE CARLO FASHION
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 CMP
and more bullishness will be visible after it cross 820
#This is not Buy and Sell recommendation to any one. This is for education...
NSE:MONTECARLO
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI...
Small trade opportunity in MONTECARLO. As the market is highly volatile. Make sure to have the correct stop loss as the trade might get reverser immediately.
Target 1: 900
Stoploss: 730
Happy Trading!
8 Years #Multiyear #Breakout in #MONTECARLO (Monte Carlo Fashions Ltd). #MONTECARLO is #Outperformed #Nifty in current scenario.
In the context of technical analysis, a channel occurs when the price of an asset is moving between two parallel trendlines. The upper trendline connects the swing highs in price, while the lower trendline connects the swing lows. The...
Stock Name - Monte Carlo Fashions Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness and
can touch at 730
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading...
