The stock has been consolidating since a long time, finally getting ready to come out of the range , Steel sector as a whole in limelight. One can buy with SL of 200 for a target of 300.
1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula: - Stop Loss Amount/(Buy Price - Initial Stop Loss Price)
4. Sell on initial Stop Loss hit or RSI close below 40
5. Some other ways to sell stocks can be
a. 25% or 50% up in three weeks or less
b. Weekly tailing tops with high volume
c. Exhaustion...
Hi,
NSE:SUNFLAG is a holding company, which engages in the manufacture and trade of iron and steel products. It offers flat, round, and bright bar, wire rods of alloy, spring, and stainless steel. The firm's products are mainly used for the manufacture of Automotive Transmission Gears, Drive Shafts, Steering System, Bearings, Exhaust System and Engine...
$SUNFLUG
- Pullback from support (50DMA level)
- Taking support @ 195 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
#SUNFLAG trading above Resistance of 230
Next Resistance is at 310
Support is at 144
Here is previous chart:
Chart is self explanatory. Entry, Resistances and Support 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. Please consult your...
NSE:SUNFLAG
✅ #SUNFLAG trading above Resistance of 174
✅ Next Resistance is at 234
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only....
DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days...
Sunflag Iron & Steel Company Ltd Analysis report.
Stock has broken 10 years trend line with gapup indicating strong momentum.
also forming inverted head and shoulder.
Safe to enter near neck line - sock may retest the neck line.
entry 153
SP - Trendline - 143
Target 190 :)
Exercise caution as broader market is bearish.
Please check out the INTRADAY Trading Strategy in the COMMENTS section below during the live market hours:
---------------------------------------------------------------------------------------------------------------------
1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens...
SUNFLAG
- Ascending Triangle BO
- Increase in volume during BO
- HL into the resistance
- Above all important Moving Avg.
- Bullish RSI in all bigger tf.
- Showed strength during the Weak market.
