DON'T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades (high momentum stocks) 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...
TVS srichakra.. beautiful "N" pattern formation on support level..ready to retest lifetime high level of around 4250. CMP:3226 sl:2930(wcb) Target:3750/4000/4250. If stock sustain in between 4300-4500 level for few week then superb return is expected ..as per pattern stock can move upto 7000-7500 level after breakout.
Disclaimer: only for educational purpose. Not a recommendation. Only for learning patterns.
weekly tf shows contracting patters, a volume push will take it to new heights.
if it closes above 2989, can easily land b/w 3800 to 4200
TVSSRICHAK has given a breakout from the pennant pattern, stock was under
consolidation from the last 30 days after a strong up move and now it seems that
it's ready to resume its uptrend.
RSI trying to keep itself above 60 during the period of consolidation which indicates
the strength of the stock.
Buzzing volume further confirms the breakout.
It can make a...
Pros:
1. Strong PA patter, very good RR
2. Auto sector also BO happened, high probability to move up side.
Cons:
1. Last Quarter sales down but decent enough but PAT is not much great
Tvs shri chakra
elliot wave formation
rsi breakout
consolidation around current levels
small retracement and breakout would lead to much higher levels..
Lets see whats in store,, have marked the road map , try to decode the calculation
