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WHEELS INDIA LTD.WHEELS INDIA LTD.WHEELS INDIA LTD.

WHEELS INDIA LTD.

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WHEELS trade ideas

Trend Analysis Wheels India Ltd.The chart you’ve provided shows the price movement of Wheels India Ltd. on a weekly timeframe. Here’s an analysis based on the chart: ### **Trend Analysis:** 1. **Downtrend Line Breakout**: The stock was in a long-term downtrend, as indicated by the red descending trendline. Recently, it appears that the price has broken above this downtrend line, which can be seen as a bullish signal. 2. **SMA 200**: The 200-period Simple Moving Average (SMA) is plotted on the chart and is acting as a dynamic support level. The price is currently above the 200 SMA, which further supports a bullish bias. ### **Support and Resistance Levels:** - **Current Price**: 853.10 INR. - **Immediate Support**: Around 851.60 INR, as indicated by the green line on the chart. - **Immediate Resistance**: The next significant resistance level is around 1,313.35 INR, where the previous highs were made. ### **Trade Setup:** - **Entry Point**: The entry seems to have been taken around the current price of 853.10 INR. - **Stop Loss**: A stop loss is set around 544.15 INR, below the recent swing low, to protect against downside risk. - **Target Price**: The target is set at 1,313.35 INR, which is near the previous significant resistance level. ### **Risk-Reward Ratio:** - The risk-reward ratio in this setup is favorable, with a potential reward (from 853.10 to 1,313.35 INR) being larger than the risk (from 853.10 to 544.15 INR). ### **Volume & Momentum:** - It’s important to check the volume during the breakout from the downtrend line. A breakout with strong volume would add conviction to the bullish move. - If momentum indicators (like RSI or MACD) were shown, they could provide additional insights into whether the price is overbought or oversold. ### **Conclusion:** - The chart suggests a potential bullish move after a downtrend breakout, with a solid risk-reward ratio. - However, the trade’s success depends on the price maintaining above the trendline and SMA 200, with the volume confirming the move. If you want further analysis on specific indicators or need additional details, feel free to ask!
NSE:WHEELSLong
by sudhirsanap7970
1
WHEELS | Simple trendline breakout - Potential for 70-80%WHEELS | Simple trendline breakout - Looks potential for 70-80% CMP : 796 SL : 650 Target : 1400 The previous post was deleted by tradingview moderator, as i had mentioned the same description above. It is a simple breakout. Its my style of simple analyze. There is nothing to write beyond this, i'm just posting all this charts to create a respository. I dont have any hidden agenda like creating courses or selling indicators. But this website looks like promoting only those authors.
NSE:WHEELS
by srikartiram
WHEELS bullish; above 855 ? - Tuesday 18-June.The above information does not constitute investment/trading recommendation and it is purely for educational purpose.... INTRADAY Trading Strategy in 3 stages of breakouts: 1) Impulse upmove stage: The strong upmove (nearly upto 1.5% from trigger-price) happens within five minutes. "High Risk Traders" buy on breakouts in hope of continuation of upmove. "High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk:High reward set up as breakouts may fakeout (reversal)also 2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage"). "Safe traders" with minimum risk profile wait for a breakout from the consolidation stage to enter into trade , to book high profits in the final "Breakout continuation" stage 3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again. Both Safe Traders/High Risk Traders book profits at this stage SWING Trading Strategy: Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%) The above information do not constitute, financial, investment, trading, or other types of advice or recommendation.It is purely for educational purpose....
NSE:WHEELS
by JJ_Breakouts
WHEELS - watch for weekly close above 805NSE:WHEELS cmp 800 keep an eye for weekly close above 805 will do well above this horizontal trendline The objective of this analysis is knowledge sharing and education. There isn't any buy or sell advise in this article. Every stock is held for a short to medium amount of time and is positional. It is expected of each person to carry out independent research and evaluation to ascertain whether my perspective is consistent with your studies.
NSE:WHEELSLong
by ajaykalashi
WHEELS INDIA - Potential Weekly breakout - Add to watchlistWHEELS INDIA, as observed in the weekly chart, is currently exhibiting a compelling technical pattern, suggesting the possibility of a significant breakout. The stock has been forming a symmetrical triangle pattern over the past several weeks, indicating a period of consolidation and tightening price movements. Price Targets: In the event of a confirmed breakout, traders might consider setting price targets based on the height of the triangle pattern. TARGET 1 & TARGET 2 mentioned in the chart.
NSE:WHEELSLong
by SwingtradesbyAbhishek
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 Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
NSE:WHEELSLong
by TradewithAditya