Lovable gave breakout on daily time frame and it re tested that breakout. Today it again went up from the previous resistance which now acts as a support thus indicating that now the stock is ready to move upwards.
Watch lovable lingerie on weekly chart has formed a rounding bottom formation or a inverse cup and handle formation. On a daily timeframe it may test the previous resistance zone of 140-145.
One can buy at that range with a stop loss of 125 for targets 200-250 levels.
Please note I’m not a registered analyst.
Please analyse your self before investing.
Good weekly trendline broken. The stock has been in downtrend for quite some time and reversing from bottom with good volume.
Long above 169.60
T1 202.50
T2 248.30
SL 137.10
"LOVABLE CMP: 159.5
Good Risk reward of 2.98
Buy above : 160
Stop loss: 119
Target: 282
Return of 76.25% expected
Pattern: Range
All levels are mentioned on the chart. Keep an eye."
Lovable Longerie has taken support from 50 SMA and is showing reversal with Bullish Breakout. The long term targets are marked on the charts in weekly time frame. This is based on the Price Chart, Support and Resistances. The supertrend 100,1.9 is also positive and in buy mode. Buy and Hold for a long time for a potential upside of 95 %.
The study is for...
The charts of Lovable Lingeri has broken out of a rounding bottom pattern along with swing high of mutli-year with stock gaining momentum can test 198 - 235.
Thus, it is advisable to accumulate the stock around 140-146 with stop of 128 below on closing basis for targets of 198-235
Lovable has broken out in its weekly chart and looks set to move up towards 450 levels. The time period here should be 12-18 months. Volumes are good on daily chart and it has reclaimed all moving averages in weekly chart.
Stock is on weekly and daily breakout of ascending. The targets and sl are pointed on charts.
Am just a beginner. Let me know if this is correct or not. 🙏😊
BUY GUIDANCE:
Never buy before 3PM (for positional trading). I have been burnt many times over. Try to buy between 3:15 - 3:30PM, later the better.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of...
Buy-120-116
SL-100 Below Daily Closing Basis
Below That 85 Calling
Target-165-175-200++
The Clothing Sector Is On Radar & Looking Good At The Support Levels..
Lovable Lingerie Ltd. engages in the manufacture of garments specializing in knitted and crocheted apparel including hosiery. The firm's products include Bra, Sportswear, Panties, Nightwear, Winter wear, Sports Bras, Swimwear, Crop Top, Hoodies, Pullover, Tops, Jackets and Vests, Tank tops, T-shirts and Accessories. The company was founded on September 29, 1987 and is headquartered in Mumbai, India.
NSE
