ELGIEQUIP trade ideas
ELGIEQUIP LONGPrice making higher highs and higher lows. There is a strong resistance at 148 and expecting breakout above 170.
Buy at CMP
SL: 148.25
Target: 174
Risk Reward - 3.43:1.
#ELGIEQUIPBoxBO in the making
CCI 34 crosses 100
Reversal confirmation if closes with strength and highest high and close for the week
ELGIEQUIPFacing resistance near 300 level.
Above 305 on closing basis looks good for 330, 340, & 350. Below 270 Negates the view.
From past couple of weeks stock is not falling and slowly inching higher which gives higher probability of breaking upside.
Stock has also formed ascending triangle pattern.
Buy ELGIEQUIPThis is purely for my study purpose and to track myself and My first try on technical .
CMP - 286.25
Target -300
SL - 275
All on a clog basis .Closing time 3.25
#ELGIEQUIPMonthly C> 287 on 31/July/2018
shows the further direction
CCI(M) crosses 100
Binet's Formation (clear on D charts)
Target 419 / 461 / 530.95
SL 255
