Trendline breakoutCan be a good trade if it breaks the trendline and 850.80 level as well.
It's 5 year old trendline.
Also forming double bottom pattern.
Simple price action analysis :)
1.02%
20.85INR
580.7MINR
46.512BINR
15.846M
About WHEELS INDIA LTD.
Sector
Industry
CEO
Srivats Ram
Website
Headquarters
Chennai
Employees (FY)
8.886K
Founded
1960
ISIN
INE715A01015
Wheels India Ltd. designs and manufactures road wheels. It specializes in wheels for commercial vehicles, passenger cars, utility vehicles; as well as of parts and accessories for machinery, equipment used by construction and mining industries. The firm operates through the Automotive Components and Industrial Components segments. The Industrial Components segment includes components and structures for windmill, railways and thermal power plants. The company was founded on June 13, 1960 and is headquartered in Chennai, India.
Wheels India: Trading near resistance levelWheels India is looking good on chart. Keep on radar for closing above 820
Wheels India, a great entry opportunity!!!Good entry opportunity in Wheels India.
Price is on the trend line, so risk-reward ratio is good.
Can exit with 1:2 target also.
SL can be extended upto 530.
WHEELS - retest + reversal with breakout - Swing tradeThe analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Chec
WHEELS : Cross Over Trendline WHEELS -- crossed trend line with decent above average volumes
Volume is Monthly High
The daily trend changed to positive
High on momentum
Above 20-SMA on Daily, Weekly, Monthly Time Frame
Also, the Monthly trend is +ve & now the Weekly trend Changed to +ve.
Please do your own research befo
Add to watchlist This scrip is expected to give breakout in the coming days. So traders keep on your radar to catch the momentum. Thanks to all 🙏🙏🙏🙏
WHEELS LONG ENTRY Look for breakout.
I post all the opportunities that you all can paper-trade and watch for study.
soon I am launching a youtube channel that is completely based on SWING TRADING
See all ideas
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