IGARASHI trade ideas
IGARSHI - Breakout from the resistanceIGARSHI has shown a promising breakout above the resistance level, signalling potential bullish momentum. However, to confirm the breakout’s strength, it’s crucial to wait for the weekly candle to close above the resistance.
Once confirmed, it could be a solid entry point and expected to move at least 40%
Resistance and trendline breakout formationPrice is near to resistance and trendline breakout.
If it breaks 1) Trendline 2) Resistance and 3) 200 EMA then we expect good momentum from here. But only if it break all three and all of them is so close to price and one more thing take it as swing trade not expect much return from this trade.
BUY TODAY SELL TOMORROW for 5%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 rest of the time they either consolidate or fall
Trendline Breakout in IGARASHI
BUY TODAY SELL TOMORROW for 5%
Igarishi Motors Analyasis on 02 May 24Igarishi Motors Analyasis on 02 May 24
formation of higher high and higher low pattern
try to buy on dip from 450 to 470
short term stoploss 400
deep stoploss 300 (on closing basis)
target 550 - 630 - 700 - 750 - 800 - 850 - 900 - 950
(all targets are base on fibbonaci level)
Igarashi motors:- Flag BO Confirmed A bullish Flag and Pole Pattern is emerging on the chart of Igarashi Motors. One can creatre fresh position as the level mentioned on the chart.
Exit the position if the stop loss is triggered on WCB.
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BUY TODAY SELL TOMORROW for 5%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 rest of the time they either consolidate or fall
Trendline Breakout in IGARASHI
BUY TODAY SELL TOMORROW for 5%
IGARASHI - Ichimoku Bullish Breakout Stock Name - Igarashi Motors India Limited
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 386
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
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Buy Today, Sell Tomorrow: IGARASHIDON'T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Book profits within the first 30 minutes of the market opening
- Try to exit by taking 3-5% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
- SL can also be maintained as 1% or closing below the low of the breakout candle
The levels mentioned on the chart are calculated using the BREAKOUT INDICATOR
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 rest of the time they either consolidate or fall
Trendline Breakout in IGARASHI
Buy Today, Sell Tomorrow: IGARASHI
IGARASHI MOTORSDISCLOSURE
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