NSE:WALCHANNAG
Walchandnagar Industries Ltd. engages in the manufacture of engineering products. It operates through the following segments: Heavy Engineering, Foundry and Machine Shop, and Others. The Heavy Engineering segment engages in the engineering, fabrication, and manufacturing of machinery for sugar plants, cement plants, boilers and power plants,...
BUY - WALCHANDNAGAR INDS
CMP - Rs. 101
Target - 1: Rs. 146
Target - 2: Rs. 197
Target - 3: Rs. 256
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Timeframe - 5 months - 1.5 years
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Technicals - Trendline Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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Bullish Three Line Setup
Book profits within the first 30 minutes of the market opening
- Try to exit by taking 10% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
Now, why do I prefer swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 3-4 days and the rest of the...
more than 3 rejections on the downward trendline
probably breakout if nifty supports
entry - once daily candle closes above trendline (70.75)
sl - 25-30% since its a weekly breakout
target - Im expecting a big target (200%+)
might be a long term pick
trend line breakout with volume.
keep in your watchlist.
only for information and education purpose. please consult your adviser before investing.
#trading #long #midcap #india #defence #chart #bullish
Walchandnagar Broken Channel - Walchandnagar broke the channel now let's see where it will move. whether it is a false breakout or continue it further. One can buy the stock at Current market price if sustain above the channel with stop loss of 39.60 with the target of 74/92.
NSE:WALCHANNAG Levels are Mentioned in the chart... Good for Swing...
Note:
1. Views are personal. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for...
