EXXARO has given a breakout in 1Day time frame and faced immediate resistance at 150 levels and restest the trend line, closing above 150 levels will be a boom
we can long exxaro tile from long time we can see good consolidation in this particular scripts, lower swings are getting upper day by day. and upper swing are getting compressed. we can see a good move as per harmonic upto 190 in this particualr script
thanks
In the Weekly Chart of EXXARO ,
we can see that; after multiple failure of Cup and Handle pattern, it has now given Trendline breakout.
Let it retest then enter with SL and Target.
Expected momentum is shown in chart.
Chart Summary:
➤ Classic support and resistance flip (Resistance will now act as support)
➤ Impulsive break of an important level
➤ Break from a range ( Darvas Box )
➤ Fib 50% to 62% can be a great entry zone
Keep it simple <3
Disclaimer: Not investment advice. The post is meant for learning purposes only.
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before...
Stock Name - Exxaro Tiles 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 132
#This is not Buy and Sell recommendation to any one. This is for education...
164.60 is major resistance of exxaro, yesterday it broke out EMA50 and EMA20 , and today took support of EMA 20 facing resistance at 153.40, if brake that can see a quick momentum in coming few days and can reach 164 level easily as its 1st target.
Disclaimer: This is for demonstration and educational purposes only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before making any trade.
