Trade ideas
Adani Wilmar - Taking Multiple support at same trend🔴DISCLAIMER
***** It's just for an educational purpose, So you must also follow your own technical analysis before taking up the trades ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
Ideal Target and Stop Loss should be minimum 1:2 RRR (Risk reward ratio)
After reaching our targets, Book 50% Profits and trail your stop loss to get maximum profits from rest of the 50% in your trade.
Adani Wilmar Ltd 782 dated 21-9-2022 HUGE VOLUME BOAdani Wilmar Ltd 782 dated 21-9-2022
1. Ascending Triangle pattern BO @ 770
2. Volume Rise
3. RSI BO
Buy for a target of 805-830-875 SL 735
Pattern Target 1000 SL 700
Disclaimer :
I am not a Sebi registered Analyst so please do
your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses
amounting out of it incase if any trades on it.
It is just a view, pls trade at your own risk.
Adani Wilmar - Ready for the next impulsive move?Key highlights:
⚡️ Bullish market structure - clear formation of Higher highs and higher lows.
⚡️ Reclaimed the flip level
⚡️ Any pullback towards the 650 zones seems like a buying opportunity until and unless the price closes below the 650 level decisively with good volume.
⚡️ The long targets are near the 770 level and 880 level.
Disclaimer : This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
Happy learning. Cheers!
Rajat Kumar Singh (@johntradingwick)
Community Manager (India), TradingView