1.Stock changed its downtrend,
2.Immediate resistance was broken.
3.Aggressive buying is noticed (31%+ ROI as on today & 56%+ ROI from bottom to top)
4.A pull back to previous resistance, may give a good support with high RR trade in coming days
After consolidating for a year now it has broken the supply zone 284-334 on good volumes.
Earlier it tried twice but did not sustained. Went into good base formation thereafter.
280-284 shall now act as good support. Weekly close below this will weaken it again.
Over the upside, 442 - 469 - 579 - 898 are the levels that can be tested over the long term.
...
The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below...
SWING Trading Strategy:
Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)
INTRADAY Trading...
The stock is testing its strong resistance zone.
A day close above 332 can bring further upmove in this counter.
This is not a BUY/SELL recommendation.
This idea is for educational purpose only.
Learn & Earn,
Dr. Tanya Kumar
📌SWING TRADE FOR NEXT WEEK🚀
Hello guys,
I am a swing trader by passion i only trade on swing stocks.
📌I post daily SWING CHARTS analysis on my trading view profile..
so let's start
📌TRADE ANALYSIS OF LIBERTY SHOES :-
•Breakout of symetrical pattern on DTF with strong candle
•Break counter trend line and hidden lines
•Volume increases last few weeks high...
A setup with low risk!👇
Price retesting confluence of supports!
#LIBERTSHOE
✅ Price retesting trendline usually signals the end of a sideways consolidation
✅ Price retesting previous breakout zone & consolidating for the last 9 weeks
✅ Highest volumes in the last 9 weeks
Stop - 275 or 6.8%
Stock made a Strong Higher high, retraced back for accumulation.
Price falling to Proper Buy Zone, wait for Levels to Trigger / Priceaction.
Maintain Proper SL.
Shoe as a Industry witnessing huge demand so one can look at this stock as trade to medium term opportunity cmp 283 can add now to level of 255 with SL of 225 for target 333/370/400/433. Small hurdel near 300
LIBERTSHOE Bullish; above 270 on Friday 29th September
Please check out the INTRADAY Trading Strategy in the COMMENTS section below during the live market hours:
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1) Impulse upmove stage: The strong upmove (nearly upto 2% from...
Hello fellow traders and investors,
I'd like to highlight an intriguing stock that has caught my attention - Liberty Shoes Ltd . This company has been consolidating for an extended period, and it appears to be setting up for a potentially exciting move. Here's what you should know:
🔒 Long-Term Consolidation :
Liberty Shoes Ltd has been in a prolonged...
- High Volume Strength in the background (Break Out and Bottom Reversal)
- Coming out of consolidation zone
- Stop Loss - 242
- Target - Hold till Sign of weakness
NSE: LIBERTSHOE is closing with a bullish consolidation candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 14% gain on...
Liberty Shoes is looking bullish in the monthly time frame and we can witness a great rally in this stock till 415 & 520 and even more, so keep this stock in your portfolio for short term above 370 only that too on closing basis.
LIBERTSHOE - After a long and big breakout, taking support @ .5 Fibonacci. Also at the level of previous weekly resistance, now treating as support. It can move upward and can give a good return.
Please take your trade as per your risk apatite. I'm a stock market learner.
17 Years #Multiyear #Breakout at #LIBERTSHOE (Liberty Shoes Ltd) Weekly Chart. Its #Outperformed #Nifty.
BSE: 526596 \ NSE : LIBERTSHOE
What Is the Inverse Head and Shoulders?
An inverse head and shoulders, also called a "head and shoulders bottom", is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to...
