1st target : 1:2 risk reward.
Will update you according to further price action.
Take trade if all conditions meet at the end of the day 3:15-3:30 PM.
If you have any questions or suggestions, please leave a comment below.
I will personally reply to every single comment!
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Chart is self explanatory.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Suprajit breaking out the from a Parallel channel after a long period of consolidation looking bullish for the target of 400 and 470 so i am sharing my trading ideas for this stock below.
Idea 1-: Straight it can go up to 400 from here.
Idea 2- It could came down and retest it's support now that is the upper line of this channel and will go to mentioned...
Key Points:
- On daily chart strong Bullish breakout momentum seen after a 305 days long Consolidation with potential to rise 15% to 20 % after crosses Rs. 395
- RSI crossed 70
- Tech showing buy signals
- Volume also crossed VMA
- Price is above 20,50,200 EMA
Bhav is “ Bhagwan ”
Disclaimer :
I am not a SEBI registered Analyst.
Please do your own Analysis...
Suprajit Eng 1D: It is given range breakout with increase in volumes and held. It is ready to be out of ellipse. Ichimoku and BB is suggesting a strong buy. Make entry around 340. Strict SL 320.
Following point may be noted about suprajit
1. Symmetrical Traiangle on Weekly Chart
2. Increasenvolume activity
3. Compression after downfall
Only for educational purposes
