WENDT trade ideas
Wendt India BreakoutWendt has broken out of its range and being a Murugappa group company, fundamentals are solid in this one. Target will be the recent all time high and stop loss is marked on the chart. Time frame 2-3 weeks.
Wendt Kumo Action ichimokuWendt with Kumo action at 7800 .
Ichimoku Kinko Hyo is a trend following system designed to help traders enter the positions at decisive points in the trend.
WENDT
CMP: 7251
- Finding these set ups in such a market is a really tedious thing
- Still just ~5% down from All Time High
- O=L candles at 7200
11 Years Breakout in WENDT 11 Years #Multiyear #Breakout from #parallelChannel in #WENDT (Wendt India Ltd) Market Cap - ₹ 1,471 Cr.
#WENDT is Low Beta & Outperformed #Nifty
In the context of technical analysis, a channel occurs when the price of an asset is moving between two parallel trendlines. The upper trendline connects the swing highs in price, while the lower trendline connects the swing lows. The channel can slant upward, downward, or sideways on the chart. A channel consists of at least four contact points because we need at least two lows to connect to each other and two highs to connect to each other.
Types of Channels : -
1. Channels that are angled up are called ascending channels.
2.Channels that are angled down are descending channels. Ascending and descending channels are also called trend channels because the price is moving more dominantly in one direction.
3.Channels in which the trendlines are horizontal are called horizontal channels, trading ranges, or rectangles.
Note : - invested in ##WENDT
ONLY FOR #educational
NOT SEBI REGISTERED. #LEARNEARN (DONT TRUST ANYONE)
#nifty50 #sharemarket #BREAKOUTSTOCKS #Multibagger #sharemarket #sharemarketindia #sensex #technicalanalysis #kukiinvest #Chartanalysis #headandshoulders #doubletop #doublebottom #parallelchannel
WENDT INDIA TARGET 6629 WENDT INDIA crossed the monthly trend.Crossed the weekly minor trend. Target 6629. If it crosses 6629 and sustains it will reach 7000
ATH breakout pullback and continuationbuy above 5000 for intraday and positional
keep stoploss of 4450 DCB for positional
For Intraday:
Note this scrip is volatile for intraday as spread difference is more so keep position sizing small
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
WENDT LONG VIEWWENDT LONG VIEW
Increase in delivery from last 7 days along with volume
RSI showing good strength
Improved fundamental
Considering breakout possibility with a very small risk can be played for 1:1+. Any breakout may shoot the stock to hit at least stock's previous high or above once.
*education purpose only
#WENDTGood at add near 4166 with Stop loss Below Weekly supertrend 3075 Target 2x
Already above all time high 4276
Wendt buy above 4600 sl 4200 trg 4963 (Intraday or 2days Wendt buy above 4600 SL 4200 trg 4963 (Intraday or 2days Position ) This is for only education perpuse
WENDT PROFIT BOOKINGSeeing the past performance of the stock its time for wendt to show some profit booking, before it continues its growth
watch for resistance breakoutbuy above 4270 in intraday and swing
for swing trade wait for 15 min candle close (only for swing)
and for stoploss use it according to your risk.
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.
WENDT is ready fo an umove nowThe breakout has arrived that too with good amount of volume. 20% target would be realised in near future. Lets see
