Price touched a new high & fell to retracement/retest level 0.23% & on Wednesday made a green candle but with a wick at top a indication of reversal price took support from 20 DEMA & On 10-4-2024 10-DEMA support taken & on day time frame on line chart you can see stock forming a "INVERTED HEAD & SHOULDERS" pattern & confirmation on 771.80 above price sustains,...
BO TRADE
EMUDRA
Looks Good ABOVE 780
Aggressive Buyer can buy @CMP
SL 680
Targets 800-857-913-945
Hold few months
Please consult your financial advisor before investing
All research for educational purposes only.
Reversal from bottom, RSI is shifting in upper direction. Stock is ready to cross past barriers with good volumes.
eMudhra Ltd
1) Time Frame - Weekly.
2) The Stock has been in a Consolidation since (May, 2023) . Now It has given a consolidation breakout & Closed at it's All Time High with good bullish momentum in Weekly Time Frame.
3) The stock may perform well in the short term.
4) Recommendation - Strong Buy
I look for strong closing strength stocks on general market weakness days. This stock fits well to my strategy.
This is a strong candidate for buying for me because of two things:
1. Strong closing in weak market
2. Price closing above all the resistance levels. Previously it was witnessing selling at these level, but today closed above them all.
Breakout above: 607
Stock made a strong Breakout and Established its Uptrend.
now Consolidating above the Breakout area.
Priceaction and Divergence Happened., which shows minimum risk to high reward.
Favourable Swing trade.
Stock is testing Flag & Pole, key and important levels now to sustain is 471. RSI & MACD is at present neutral to positive but not bullish. However, the stock is witnessing a good volume. Thus, it may test a bit of patience but it kept will likely to witness levels beyond 700+
#EMUDHRA is satisfying Mark Minivini's criteria only 50 SMA/DEMA is not in line with the price. once it moves above 450 will be good for the short-term. Price action candles show good strength in the future.
1. Long at 456. Entry can be made with Small quantity
2. Increase quantity above 485, if it breaks the SR lines
3. Target - 520
Disclaimer :- Iam not SEBI registered adviser. Please research before Investing.
This is for Educational purpose.
Cup like formation BO Confirmation if tomorrow sustains above 440.
SL is at low of 5th Oct Candle i.e. 412.95
Target1 is 460. Expecting it to hit new highs if breaks 462 and sustains above.
In 15 min charts even low volume buying pushing it up so indication of low buying force.
Keep in watchlist.
Not a trade recommendation.
You are responsible for what you trade.
## Trade Details
- Name of The Stock: NSE:EMUDHRA
- Type of Trade: Momentum Investment or Positional Trade
- Duration: More than 60 days
- Entry Level: 450.00
- Stop Loss: Initial 430.00 (Trail accordingly)
- Target: above 450.00
Stock Name - eMudhra Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 464
#This is not Buy and Sell recommendation to any one. This is for education purpose...
On the #EMUDHRA daily chart, there is an all-time high breakout. eMudhra Ltd has outperformed the #Nifty, which is also confirmed by the Nifty/EMUDHRA ratio chart.
I compared #EMUDHRA vs. the #Nifty and its peers from November 11, 2022, and discovered that it has outperformed both the #Nifty and its peers in the sector.
BSE: 543533
NSE : EMUDHRA
ONLY FOR...
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
