Best Agrolife has posted good result.
As per price action, it looks good for 50%+ target.
Current price = 1163
T1 = 1300
T2 = 1550
T3 = 1750
T4 = 2000+
Price is operating in parallel channel and following the trendline marked on the chart.
Chart posted is Daily timeframe. Chart is self explainatory.
Please post your queries in comments.
Disclaimer: Chart...
A stock has consolidated and has now given a strong result.
A base breakout on high volumes happened today at 1215. (rounding bottom)
Long at current price with stoploss below 1200.
BestAgro has formed rounding bottom in weekly chart and closed above weekly supply. Last week it has tested the same level and formed hammer on weekly chart. On daily chart, rise in volume is observed along with rise in price which is again a bullish signal. Also, a cup and handle pattern is observed in daily chart. Though I don't trade chart patterns, it is...
The stock could break out of a downward wedge + break the AVWAP above 1175.
At the point the stock could start moving upwards rapidly.
Long above 1175 with a stoploss below 1100.
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...
15% Within 2 weeks of the time frame,Wait for breakout.
Study the chart and get ready to book 15%.
Note : I am not SEBI registered and all Ideas posted by me are for Educational Purpose.
Good luck!
Thanks & Regards,
RK
A promising company, growing at a fast pace but as with a new stock making splash, it soon comes under scrutiny and questions are asked:
- a public shareholder who held over 18% stake in 2022 has been on a selling spree, counter argument being he has been holding when the share price was below 75 and is cashing his chips, also, promoter has increased stake,...
BOX PATTERN / RECTANGLE BREAKOUT
Buy @ cmp & in dips till 1440 | WCBSL 1365 | Tgt 1850 / 1950+
In past, stock moved more than 550 points twice after the BOX / RECTANGLE BREAKOUT. Now again gave breakout of same pattern. Price Action indicates stock can move 450_550+ points from the Breakout level.
Best Agro Life is following similar patterns for every 500 points now it will get it's uptrend will reach upto 1800 level and this level it's major resistance point and 1410 is it's supporting level.
