- Symbol: Shoppers Stop
- Pattern: Near breakout of Cup & Handle pattern
- Volume: High volume accompanying the potential breakout
- RSI: RSI indicating readiness for a breakout
- Momentum: Strong momentum, potential for decent returns
looking good above 717 taken multiple time resistance on 716 if break 717 it will boom
NOTE: only for educational purpose
RULE: 1: always trade with stoploss
2: decide your risk per trade and per day
3: believe to your analysis
4: stay positive and keep patience
technical analysis + money management+ physicalogy = successful trader
NSE: SHOPERSTOP is closing with a bullish momemtum candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 15% gain on...
BUY SHOPERSTOP PRICE @ 631.95 40% ROI EXPECTED
Buy1 cmp entry @ 631.95
Target 1 @ 888.50
ROI 1 @ 40
Buy2 Pending entry @ 598
Target 2 @ 888.50
ROI 2 @ 48
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Add the stock to your watch list. stock is trading at the highest resistance area—a high probability of BO in the zone. The short-term target of 850-875 can be seen. This is for your educational purpose only.
Shoppers stop has been in a bull run since 2020 and has given multibagger returns to its investors.
The stock has beautifully consolidated and formed a rounding bottom pattern and is currently near its ATH.
A weekly closing above 820 will push the stock to levels of 850,880+
However, there is always higher risk involved in stocks at ATH so trade accordingly.
This...
1. ATH & 52 weeks high
2. Breakout and at retest level, resistance turning into support perfect example
3.Trend is bullish
4. In line with market
5. Risk to reward is 1:6.75+
~It has broken all time high resistance.
~volumes are rising
~RS and RSI is strong.
~Weekly and Monthly chart is bullish.
~It can retest to resistance. So add 1 st tranche only.
Disclaimer-Do your own analysis before investing. This is not my recommendation.
Shoppers stop. Fundamentally & business i don't like this company...but kya kare price action kuch aur kahaniya bol raha hai....big breakout on chart.. very risky trade .CMP: 672 sl:570(wcb) Target: open...as per pattern we can se 1000+ level shortly....risky trade follow stoploss tightly...... Adani baba isko lene wale hai kya
Stock Name - Shoppers Stop Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 689
#This is not Buy and Sell recommendation to any one. This is for education...
This is follow-up on Shoppers Stop. Can check link to related ideas.
Target 3 achieved. Gain of more than 86%. Target 4 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered....
SHOPPERSTOP HAS FORMED A INVERTED HEAD AND SHOULDER PATTERN IN A DAILY TIMEFRAME.
the stock is yet to give the breakout of supply zone.
entry can be taken after the stock closes above the price of 408 in daily timeframe.
we can expect a 11 - 13% return on the stock.
keep an eye
********** PLEASE FOLLOW RISK MANAGEMENT ***************
Shoppers Stop - Ready for Major Up-move !!
Entry Price - 410-420 Zone
Target 490-600
Stop Loss at 372
Disclosure - Please do R&D before taking any trade. NSE:SHOPERSTOP
