SUPRAJIT trade ideas
It is consolidating good sign of a breakout This stock is consolidating near its resistance which is always a good sign for a breakout
It has bounced back from 50Dema several times.
It is now near to its demand zone which is supported by 50DEMA
if you get the stock near 312-315
Watch for 1 hour candle if it is sustaining 50DEMA then accumulate it
It has tested its resistance several times it has become weak now can break the resistance now
cup and handle patternin this chart we can clearly see the cup and handle pattern
Just wait for breakout and retracement for entry
Stock is in good unmoved
Coming out of 3 year long Price Correction!Historically, It has been a consistent compound-er.
Any decisive closing could be a great point of entry.
~please read the fundamentals before investing.
====>> This is just for educational purpose. <<======
Multi Year Breakout - Cup and Handle Pattern (Don't Miss)Positional Pick !!
First Base Formation completed in 3 years. Ready for Bull Run now
Don't Miss
Suprajit Engg - Setting up for a 4yr Breakout The stock is setting up nicely right beneath the 4yr resistance line, which means chances of a fake breakout are very low from here. One important thing to notice - the stock has shown good strength in the last couple of weeks when the markets have been unstable. Plus If we look at the weekly chart, the latest candle has made an inside bar.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis)
BUY GUIDANCE:
Never ever buy before 3PM. I have been burnt many many times. Try to buy between 3:15 - 3:30PM, later the better.
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note: I reserve the right to be wrong.
DISCLAIMER:
I am not a SEBI registered analyst. Please consult your financial advisor before investing.
suprajit engg go long it if sustains above 260on daily chart taking support on trend line . buy at 260 if it touches and sustains the trendline , for target of 320
on monthly chart breakout of all time high at 320
can go long till 400
stoploss 240
not a sebi registered trader
idea if for education purpose only
Suprajit engineering Suprajit engineering given breakout today if it shstain 318 then we can go long with SL of 303 target are-mark right hand side
Suprajit Engineering chart analysisSuprajit Engineering chart analysis for intraday and swing trading
