Stock is forming good base.
Good participation of volume
Key level of entry : 29.50
Target as per horizontal line.
SL : As per your pocket size
HAVE PATIENCE :)
ARCHIES:- The stock was running a down-trend for 4 years but now it is going to give a breakout so keep an eye on this stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my...
midcap stocks are going to boom.
long term investment; min 70% return
huge potential is there.
investment ;
if you are intrested in investmet, go for it with small risk,
more possibility is there for breakout.
Long Archies above the BO of the TL. Expected in the coming session stock is able to BO the TL. Also, the stock is expected to cross the 60 RSI level on weely and daily. Half quantity can be bought now & can add more once the BO of the TL. This is for your educational purpose only.
Date - 07.02.2022
Archies
Its valentine week and Archies has shown big momentum with big green candle forming Marubozu Candlstick with comparatively higher volume. So we may go bullish with smaller target upside in coming days.
CMP - 24.30
TGT - 27.30,29.15
SL - 21.25
Hi guys!
Aechies has been consolidating since Aug21. So now it's time to breakout.
Entry will be valid on breakout of the trend line.
SL could be put below support as shown in the chart.
Rest all is easy to understand in the chart.
Target: it may achieve in 3 months.
Disclaimer : Trade at your own risk. I'm just providing my views here.
Happy Trading😊
As per the resistance trendline,
(1) The first target should be above 50 on a weakly time frame.
(2)If crossed and sustained, then the second target should be 100.
Line chart analysis for the weekly timeframe.
Trendline analysis.
Price has tapped into a monthly level and has reacted to it quite nicely.
On the daily two equal lows had been taken out on the way to a demand zone. as price started to break structure upside, an untapped zone at 11rs could be a potential buy.
the zone above is too risky given how much liquidity lies below it.
the zone below is already tapped as price gapped up...
Archies
pattern: Price Action
CMP: 29.5
stoploss 26.5
Target: 36.5 to 39
Note: Brking Above 40.5 open doors for Big Targets. Will Update Targets Once It Break 40.5.
Archies Ltd. engages in publishing and marketing of greeting cards and stationery products. It operates through the following segments: Greeting Cards, Stationery, Gifts, and Others. The company was founded by Anil Moolchandani in 1979 and is headquartered in New Delhi, India.
NSE
