on 1M TF , breakout has been given , Look for retest on lower timeframe and enter for open targets
🔴DISCLAIMER ***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ****** Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have...
highest volume in this decade fallowed by ATH and very strong closure.
* 16 Years Consolidations Breakout in Singer in Monthly candle with extremely high volume .
Singer India is a MNC in textile machinery manufacturer and sewing machine manufacturing & servicing company, also a well known brand for house hold sewing machines. On charts it's forming inverse HnS pattern. The volume, RSI too supportive. As can be seen on charts its on verge of breaking out of a long term price range. On account of revival of textile sector...
AS we observe cup and handle pattern we expect good move happy trading enjoy your coffee or tea what you prefer
A "W" pattern is seen to be formed while the previous trend was upward . Keeping 28.30 SL, one can think abt buy at cmp for target of 35-36. This is NOT a recommendation to trade/invest but just my opinion.
Requires H > 62.98 and C>60 with strength for breakout R:R is not good SL 45 Target 73
Multi yr BO & retraced...can go long with small SL