NSE:ROTO Pumps Ltd. The stock has competed 2 down cycle and 1 Up cycle making higher highs in up cycle and higher lows is down cycle. The stock is trending since 21-11-2022 backed by improved quarterly / yearly earnings. In process of completing #cupandhandle pattern formation.
Open for further studies not a recommendation. Please do your risk analysis prior to...
IN this chart we clearly see that Elliott 5 wave is completed and after that it take upside move.
so here we can take one entry with minimum stoploss for swing trading.. let's see what will happen in upcoming days..
Disclaimer:- Invest at your own risk,, i am not register with Sebi.. This chart is according to my technical analysis which i learnt from past years
📌Symmetrical Triangle Setup
✅Add to your watchli
+ Continuation pattern
+ Volume & Volatility contraction
+ Trading above Key EMAs
✅Keep an eye above 386.35 ( High of Mother Bar)
- Taking support @ 330.00 level
- Good time to accumulate or medium term Swing Trade
Note: Please go through the chart itself for better visualization and to get Target and Stop Loss level
Roto Pumps is looking good to retain upside momentum . Stock has given Inside bar breakout on weekly time frame. Company will announce its Q4 result by next week and considering bonus issue also as per information given to exchange. Keep on radar.
ROTO
- Holding up nicely and formed Ascending Triangle +
Rectangle
- Big volume on upside and Significantly dried up
during Pull backs.
- Multiple BO attempts
ROTO:- Ascending triangle pattern has been formed, breakout has also been given, keep an eye on the stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to...
NSE:ROTO
Cmp : 509
Entry : CMP or near 501
Stop Loss: According to one's Risk Reward ratio
#Study, Learn & Earn.
If you love this post please like and comment your thoughts below. That will be a great motivation for me to post similar ideas ahead.
~ROTO PUMP IS TAKING SUPPORT AGAIN TO TREND LINE.
~RS positive stock.
~RSI is strong.
~Decide S.L and Target as per your strategy.
~LINK of the previous chart is given below.
DESCAIMER -Above information is given for the educational purpose only.
"EARN MORE - LEARN MORE."
