Price 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.
weekly chart shows bullish structure as price makes higher high & higher lows.
on daily chart seems accumalation in demand zone & RSI signals bullish divergence.
so HTF charts shows reversals from this demand zone.
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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Igarashi Motors is looking good on monthly time frame. Stock is trading near breakout levels. Looking good for minimum 4 digit target on monthly time frame. keep on radar. Today Company is going to announce its quarterly results also.
Igarashi Motors is looking good on weekly time frame. Stock is showing good momentum from two days. Keep on radar. Looking good for target of 790-800 in short term.
Igarashi Motors is looking good on weekly time frame. Seems stock has retested its previous breakout level and consolidating for next run up. Keep on radar.
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...
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...
DON'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...
This scrip is expected to give breakout in the coming days as it is on the verge of breakout. So traders keep on your radar to catch the momentum. Thanks to all 🙏🙏🙏
DISCLOSURE
This is only for educational purpose
This is not a recommendation
I am not SEBI registered
Do not TRADE/INVEST basis what I publish here
I am not responsible for your loss or gain
It is prudent to assume that I have ulterior motives in publish this
I and my clients might or might not have a position, I and my clients might or might not have a...
