Enil monthly chart looking strong and bullish for big movement in coming months. Stock may also hit life time high. Disclaimer - personal view shared as educational purpose only not any recommendations.
Great Relative strength, Turnaround story, Good EPS growth, Media sector was in deep consolidation for years, signs of cyclical turnaround are seen, CMP 278, Target 1 - 500, Target 2 - 800, SL DCB - 215, Risk Reward is good
ENIL
LTP 319
Follow any 1 of the below
1)Buy on dips till 302
SL CLB 299 If entered near of below 315
Targets 385-395-405-415-425
OR
2) Buy when it cross & sustain above 331
Add more above 339
SL CLB 314 if entered above 330
Targets 385-395-405-415-425
TSL MUST
EXPOSURE: MAX 3% TO 5% OF YOUR TOTAL TRADING PORTFOLIO
For more info - Plz follow my Profile...
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 and...
The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below...
SWING Trading Strategy:
Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)
INTRADAY Trading...
NSE:ENIL just brokeout from a very long Double Bottom pattern which one should not miss. It's almost 4 year long pattern!! Another good thing is volume is confirming the BO and hence Bullish upward trend. Other indicators are also buliish. Enjoy.
Note - This is not a Financial Advice. Just a prediction done by me so do your own research before trading or...
🔴 ENIL
Previously also it came near the level of 96 and then it took reversal and created a range then breakout the range and a good movement came now also it came near level 96 and created a good bullish chart pattern DOUBLE BOTTOM and now it is near the breakout level
IF SUSTAINS AND TRADES ABOVE THE LEVEL 230 THEN WE CAN EXPECT 282,366,444,511
CONDITIONS...
Entertainment Network India Ltd #enil
*Net loss making co so not more than half of your per trade capital*
Can give decent returns as it's taking support from trendline.
SL 143
Targets 199, 232, 267 and beyond
Entertainment Network
After much correction, stocks seem moving now Uptrend; also volumes coming now
Now again Stock testing its resistance zone of 220, seems will breakout this time
Setup for only Risky players with tight SL
Can buy above 220-230 levels for targets of 250/260/280 levels
Keep SL of 200 on a closing basis.
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Note:
Above levels are for...
buy above 220 for positional trade
keep stoploss below 195 DCB
target 280( next resistance), 330
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
DON'T HAVE TIME TO MANAGE YOUR TRADES? | Trendline Breakout in ENIL
- Take BTST trades at 3:25 pm everyday
- Book profits within first 30 minutes of the market opening
- Try to exit taking 3-5% profit of each trade
- SL can be taken when 5/15 min candle close below 44EMA
- SL can also be maintained as 1% or closing below the low of breakout candle
Levels...
