Dear Traders, This scrip has been chosen for Short Term Pick as it is on the verge of Trendline Breakout . So Traders keep this scrip on your radar to catch the Momentum. Thanks to All .
RANEENGINE Quick move towards 350 Did Descending and crossed recent High!
RANEENGINE, 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
Reason for long a) Long set up b) channel set up c) trendline set up d) super trend support e) good risk reward zone SL compulsory
Reason for long a) pull back trade b) vwap is not supporting long , but with minimum qty one can try long with SL, as overall market is super bullish c) indicator support for long
Reason for long a) channel breakout b) volume and price spurt
Running in channel SL compulsory Lase low plus channel lower border enhance some upside up for 10% in next 2 weeks
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Weekly 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.
buy after breakout for 20 to 30% return
This stock is looking good above 340 for target of 445 no hurdle in between
Strong up move after being bottomed out. 1.67 Risk to reward. Duration 2-4 weeks
CMP 719 Buy at 715-720 stop loss 710 Target 740/745