Refer the chart for Entry,Target and SL.
NOTE: This trade is only for Equity Swing buy and not to be considered for options trading.
Please do follow Position Sizing and Risk Reward Ratio while planning any trades.
Note: This information is for education purpose only and please do your own research and consult your financial advisor prior to taking any...
I am a noob trader, I saw the above chart is forming a wedge and I see a 9% move in the coming weeks. I am attaching a screenshot of my analysis, and I also observed the RSI indicator giving positive signals.
Any experienced trader viewing this can correct me if I am wrong.
Thanks in Advance.
Checkout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get...
Mahindra Lifespace is making Cup & Handle Pattern. One embedded in another. We can expect the price to move to 700-850+ as we see breakout happening. Other factors:
1. RSI above 60 showing bullishness
2. MACD is bullish
3. Big buying volume candles
4. Expecting real estate to do well
"Clean Charts, Easy Charts"
Learning & Earning!!
Cheers!!
MAHLIFE - Mahindra Lifespace Developers Limited
MAHLIFE - BUY ACTIVE
Chart Insights : Weekly Chart
We can see stock is under formation of cup & handle and trying to break the resistance and can expect upside move if its sustain above the resistance.
BUY Active only resistance breaks and sustain above trendline/resistance & keep monitor
The stock is giving fresh breakout on daily chart. The last resistance it made was of 592 level on 15 Sept 2023. Now the stock is crossing this levels with good volume accumulations after a consolidation of 4 months.
A fresh rally may come after this breakout. Keep this stock in your radar.
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...
Stock Name - Mahindra Lifespace Developers 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 484
#This is not Buy and Sell recommendation to any one. This...
