I hope you can now see how KARURVYSYA CHART Pattern represents an excellent low risk profit entry setup allowing you to trade. Hence the low risk profit entry setup. You will also have seen with the correct price analysis you can determine your entry and exit with high levels of accuracy ensuring the risk/reward is always in your favour..
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This stock is following channel, which is holding support zone. If hold this level we can look medium up trend level at 140.
On this this chart we got few patterns, which are drawn.
Positional levels are:
R1 R2 R3 R4 R5 R6 R7 R8 R9 R10 R11 R12
121 122 124 128 130 132 136 141 146 149 153 162
S1 S2 S3 S4 S5 S6 S7 S8
118 117 115 111 109 107 103 99
After a strong run up the stock consolidated sideways for a couple of weeks and has now given a fresh breakout with good volumes. The stock is expected to continue its upward movement and is good buy above today's candle with a stop loss 118. It is a positional trade for a target of 145, 170.
Traders who are more conservative in their approach can wait for a ...
Price edges above the 200-DMA today. From a broader perspective, price seems confined within the green consolidation zone. Within that green zone, there is another smaller congestion zone, call it a fractal if you will.
Nice set-up. Picked up token quantity today.