- Reversal from Fibonacci level of 0.3822 in weekly time frame with strong marubozu candle
- In lower time frame broke resistance and trying to break trend
- Reversal from support
- RSI Bullish divergence
Based on Elliott Wave analysis, it is possible to identify a potential wave count in the daily time frame.
The first and second waves have been successfully finished. Wave 3 is on the verge of commencing.
The level of invalidation is displayed.
Regarding the fundamentals of the stock:
ROCE: 30.8%
ROE: 23.4%
Promoter holding: 71.0 %
I am not a registered Sebi...
Stocks made Higher high and profit booking happened,.,, retracement over., will resume uptrend and the targets on charts., trade with SL !
Disclaimer: Do your own analysis before initiating any trades. Trade with Conviction
Trade type: Swing trading
What does chart say: 5 month high breakout + trading above 50 and 200 Dema. trade has closed with good momentum and volume on Friday.
next potential target will be near 2586 which is ~12% up.
Breakout Trade - Similar pattern can be spotted.
Ps: Do your own research
Drop in your doubts in the comment section
Please boost the post if you find it helpful
Thank you
Automotive Axles Ltd STOCK FOR SWING TRADING
👉ADD IN WATCHLIST WITH 📷 #auto #Automotive Axles Ltd #StocksInFocus #stocks #TELUGU
I AM NOT SEBI REGISTERED AND I DECLARE I DONT PROVIDE ANY BUY SELL RECOMMENDATION SO IF YOU FIND ANY THING ON OUR CHANNEL NAME
Auto Axles breaking out of Triangle Pattern on 1D and 1h timeframe. Enter after bullish confirmation. Follow Target & Stop Loss levels. Trial Stop Loss accordingly.
DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days...
NSE:AUTOAXLES
✅ #AUTOAXLES trading above Resistance of 2152
✅ Next Resistance is at 2475
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose...
AUTOAXLES:- The stock has given a breakout by forming an ascending triangle pattern, keep an eye on the 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 other ideas to...
~Automotive Axles is ready to move after consolidation.
~All the information is given in the chart.
~this is not my recommandation.Do your own analysis.
NSE:AUTOAXLES
✅ #AUTOAXLES - Trading above Resistance of 2152
✅ Next Resistance is at 2475
✅ Pattern as shown in chart
Related chart:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and...
The 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...
