Rane Engine : Momentum Stock#Raneengine #threewhitesoldiers #fairvaluegap #momentumpick #trendingstock #Swingtrade
Rane Engine : Momentum Trade
>>TWS & FVG Visible
>> Bounce back form FVG Visible
>> Trending Setup
>> Good Strength & Volume Expansion soon
>> Potential of more than 20% upside
Swing Traders can lock profit at 10% and keep Trailing.
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Disclaimer : Stock Charts shared are for Learning Purpose and not a Buy or Sell Recommendations.
Rane Engine Valve Ltd.
No trades
Market insights
BREAKOUT IN RANEENGINERANEENGINE, closed above 309 on 17/11/2023. Buy at open on 20/11/23.
Stoploss close below- 288.05
Target- 381
Risk:Reward- 1:3.4
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RANEENGINEWeekly Chart Analysis :
Small Risk, High Gain trade. Trading inside Big Triangle pattern and good consolidation above 260 levels for past 6+ months. Keep SL as weekly candle close below yellow TD line.
RANE ENGINES : Getting Ready for a breakout ?Study of the daily and hourly charts of Rane Enegines brings in a sharp similarity. Both are showing consolidations with a triangle formation extending beyound 75% of the base, indicating its ripe for a breakout. The blue resistance line also is a resistance on the daily charts. (Not sure how to show both timeframes in the same post)
The stock should either breakout to make new highs and resume its northward jorney or get into a more serious consolidation/correction in a couple of sessions.
Certainly worth watching out!
