It has been Observed that in weekly chart Cup & Handle break out signifies bullish in nature. we can keep medium term Target 102 and long term Target 115 by keeping SL close below 80. Trade at your own risk.
The stock is still in uptrend so one can enter long at appropriate level. It is forming an ascending Channel and now getting support at lower level. Yesterday retest offers a very good opportunity to go long by providing a small stop loss of 84.80 on closing basis. Target one can look at least 2.5 -3 times of the risk taken depending upon the entry tomorrow.
With reference to my previous post on learning how to use RSI Divergence for trading. I've observed a beautiful trade is developing. The trade is almost ready so one can put it into their watch list, observe the price movement and take timely action.
Stock giving breakout on both weekly & monthly chart.
hello traders, ptc india is now in its support point.making a doji candle with high volume, that may be a reversal with a +ve rsi divergence, trgt of 85.50-86.50
Breakout can move this stock to its first target Target - 72.50 SL- 68.50
PTC india at Important level ptc able to break 92 then stock will hit 150-200 soon support at 55.
Hi Friends, From today I'm going to post trade setup named as "B Plan" on Nifty SmallCap stocks & those posts will be tagged as "B Plan" . I'm really excited that I'm gonna share something very unique with you. A type of trade setup which I held close to My Heart for so long, even now I'm oscillating about should I share this trade setup or not. Bcos, it's...