very good valuation price bouncing from ascending triangle pattern breakout and bouncing from 200 day EMA
Book profits within the first 30 minutes of the market opening - Try to exit by taking 10-15% profit of each trade - SL can be taken when the 5/15 min candle closes below 44EMA Now, why do I prefer swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 3-4 days and the rest of the time they either...
After breaking out from 2014 top , stock re-tested 200 levels. Consolidating since Nov'21 Daily, Weekly & Monthly RSI above 60+ Price above Daily, Weekly & Monthly EMA 9,21,50,100 & 200 Stock given breakout on weekly charts One can go long on this share with targets of 4 digits in coming few years ** Educational purpose only**
Jindal Poly Investment has crossed 52 week high with decent volumes and we can see cup and handle breakout on the charts. Based on this we can expect a good move. Target 620 by year end.
I f a stock moves beyond its resistance level, it will often go on to make a sustained upward move. If it moves past its support level, it may be about to go on a bear run. Support and resistance levels are seen as 'stronger' if a stock hits them multiple times. In turn, stocks that break through these 'stronger' barriers are more likely to then go on extended...