RSWM trade ideas
RSWM can break the resistance and show big move upwards I will buy RSWM because :
Fundamentally strong company
The price may break the resistance soon
Betting on the price to break the resistance lets see what happens
Entry : 441
Target : 750
Stop loss : 350
rswm swingEntry mentioned on the chart,sl and target as per your risk management. Breakout above will add momentum. This is for educational purpose only.
RSWMBUY @ current level or add till 264.20, stop loss 259.55 closing basis, Target1- 425.50, Target2 - 528.15, Target3 - 630.50
One Right Trade's Swing Trade Idea #134 : Long trade on RSWM This is a public swing trade idea from "one right trade" and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow it iff you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
RSWM - Quintuple divergenceQuintuple +ive divergence...most of us love to see a triple divergence... this is 5...SL below todays low.
Lets see if it first makes a higher high before looking for an entry.
Limited downside seenThe last 8/1 support is at 148, likely to hold. If turns bullish, next resistance levels are at 148.80 and then at 170
BullishRSWM has crossed a resistance angle on Friday when it crossed 230 on closing basis. Now 230 will act as a support. Immediate resistance is seen at 267.70, which if crossed on closing basis and the stock remains bullish, an intermediate target of 350 is possible to be attained.
