CMICABLES trade ideas
CMI CABLESprice is forming Roundign bottom pattern...and pattern is supported with big volume candles which indicates footprint of institutions..if accumulation ia over..then breakout should happen..then only we should consider..wait for breakout..if breakout happens and sustains then good upward journey will be possible..for learning ..good to observe
Subbus Breakout This counter will be an interesting counter with 2 entries and SL and exit strategies, it completely depends on next week 1st day closure.
SL1: 56.65
Entry1: 63.5
T1:75.8
T2:116.4
If suppose next week stock retests Green support trend line then we can have good up side.
SL2: 47.45
Entry2:On retesting TL between levels from TL 50.9 to 58.5 on Daily closing basis
T1 and T2 remains intact.
Stock below said levels, don't attempt to buy
CMI LTD: SUPPORT AND RESISTANCE FOR TODAY(21.08.2020)One of best stocks for Today. I give you four levels (highlighted by yellow colour). Use these levels as a support and resistance levels for today. As you can see the lowest level I mentioned that is 36.95 and if any one take a buy order in that level then he/she gained almost 11.11%. BSE: CMI
*** Disclaimer:
Here I only share the result of my analysis and I suggest you to before taking any trade do your own analysis.
I'm here not to influence anyone to take any trade. Use my chart as a advice, but before doing any investment do your own analysis.
CMI cables ltd- Speculative TradeLow risk high reward trade
Educational purpose only
not responsible for any loss
CMI #WatchlistThe stock seems to be gearing up for a breakout! As of now it is on Watchlist. A clean break above 232 levels can see more strength being added to the stock! Close watch.
