Swing trade and long term trade analysis.
ROLTA, if the candle closes above the support,
It will be known as Morning star on weekly time frame, and can take long entry.
amazing stock to buy for long term, and swing.
📌 Only for Educational Purpose.
📌 This idea is part of the experiment to figure out if technical patterns work on fundamentally weak companies too. I'll trade it with a very tight stop loss.
☆ Kindly like & share ➥ this pattern. Comment ⎚ with what do you think. Follow me @ tradingview for more updates and like the chart ❤!!
ROLTA GAVE A GOOD BREAKOUT OUTSIDE ALLIGATOR, VOLUMES CONTINUOUSLY RISING, MOMENTUM INDICATOR INDICATES A STRONG MOMENTUM. WE MAY SE SHARP UPSIDE OF 15-20% FROM HERE. KEEP A STOPLOSS OF 60.50.
DISCLAIMER APPLIES
Rolta has landed it is multiyear support line and sharply bounced from there after brief consolidation.
One can buy Rolta on dips upto 60 for target of 90, & 120. Long term holder can go ahead of 180. SL 55
The stock have made Solid Consolidation,
its time for Long jump , this stock is going to move in a rapid speed manner , one can look for Entering on every pull back before 65 once it cross the 65 Mark it will catch the fire
Make your wise investments now , to have more clarity I am providing details of share holder/ Promotors
Majority shareholders :...
After formation of Double Bottom (shown by blue line), share has formed Bullish Harami Pattern(shown in blue box). RSI is also supporting price rise (shown by arrow). Share will cross 62.
It is been observed that the price action have dropped down to all time lows but the company structure and working have not much changed. It is running successfully with consistent quarter returns. I believe the company is trading at a "value investing" levels and it is a good time to enter with minimum risk at current levels.
Target 1: 65
Target 2: 75
Stoploss: 55
![ROLTA: Flag BO: ROLTA [Very Small Cap]](https://s3.tradingview.com/r/r52V7zSk_mid.png "Flag BO: ROLTA [Very Small Cap]")
