MCLEODRUSS trade ideas
MCLEODRUSS Breakout Done... Can Be #MultibaggerMCLEODRUSS (MCLEOD RUSSEL INDI)
About The Company
McLeod Russel India Ltd. engages in the business of cultivation, manufacturing and sale of tea. It operates through the following geographical segments: India, Vietnam, Uganda, Rwanda, UK and Others. The company was founded on May 5, 1998 and is headquartered in Kolkata, India.
Trade Setup
Cmp 28
Any Dip Upto 20 can be bought
For Targets🎯
33 / 41 / 49 / 55 / 60 / 64 / 70 / 77++
WCBSL will be 15
Note: 33 is a crucial zone for breakout confirmation. Hence, stock should close above 33 for quick momentum targets.
Fresh Breakout Above 77 (Weekly closing)
For Targets🎯 79 / 84 / 89 / 92 / 96 / 99 / 101++
Chart Setup For Reference:
Tecnical Analysis...
1) Formation Of Flag pattern in Weekly Charts
2) Volume addition
3) At good and strong numbers
4) Breakout Done
5) Potential to be a #Multibagger
Regards...
Harm⭕️nics4Life
13/01/2024
Disclaimer & Risk Warning
I am not sebi registered analyst.
My studies shared here are for educational purposes .. Do Consult Your Financial advisor Before Taking any Trade.....Good Luck!
MCLEODRUSSMCLEOD RUSSEL INDI
MCLEODRUSS: Expecting Flag Pattern Support Level Bounce Back to Bullish CMP@22.35 Targets 25-28-31-34+++
MCLEOD Russel BullishTriangle Breakout in Weekly Timeframe. Good Volume though. No Upper wick shows buying pressure
HIGH RISK BET: MCLEODRUSS [Tea Producer] 🍂Only for Educational Purpose
This company looked very interesting to me. The share value fell over 99% due to debt default. It was one of the largest tea producer in the world. If company is able to manage its debt efficiently it could become a multibagger.
McLeod Russel - Khaitan Group StoryCheck how Eveready Industry turned around and now study this
#RS Warriors
Mutliyear BO in McLeod RusselThe stock was able to give highest ever weekly closes after June 2019 , highest volume after Nov 2018 were registered. What's interesting is that the volume from last 3 weeks has been on rise. It is currently the world's largest tea growing company and rise in commodity prices will definitely propel a northward move.
Mcleod Russell - bullish breakout after long consolidationMcleod Russel peaked at around 250 levels in December 2017. Post the 2018 peak, Mcleod's stock price collapsed and made a low of only 1.85 in march 2020. Since then, the stock saw a clear trend reversal and has moved up with the rest of the market peaking at 27.5 in late August 2020.
for the last 8 months, the Mcleod Russel stock has largely been range bound and the stock has consolidated for a very long time between 17-25. This Friday, the stock managed to break out of its 8 month long consolidation/sideways move (represented by the red TL on the chart) with reasonably high volumes.
Mcleod Russel has closed at its post crash high this week and as the chart shows, the stock should keep moving higher for the medium to long term.
Since the stock has seen a huge move in the last few years 250-2 and back to 28...pinpointing targets is a bit of a challenge. The nearest resistance for this stock is the 34-35 level which was a temporary support back in 2019. For further targets, we can utilize Fibonacci retracement levels with the 0.23 fib level coming in at 59.8 which makes an excellent medium to long term target for Mcleod Russel.
Once can go long in Mcleod Russel with a WCB SL of 25.5.
Mcleod RusselBuy MCLeod Russel abv 27 sl 20 tgt 45 as the weekly chart show breakout with good volumes and momentum supporting it
Disclaimer :- I am not SEBI registered analyst kindly consult your advisor before taking any trading decisions
Larry Williams OOPS Trading SystemOOPS BUY
a) If you are watching daily charts, the first condition is that there has to be a SUSTAINED downtrend for a few trading sessions.I mean few Red Candles on daily Charts
b)On the last day of downtrend when the Oops buy occurs, there is a gap down, which opens well below the previous day’s low.
c)During the course of trading the stock rises and goes above the previous day’s low, and also the previous day’s close.
The above 3 steps if occurs generates an OOPS buy, with a stop loss of that day’s low.
Does this stock qualify for OOPS buy?
For more information you may refer
www.brameshtechanalysis.com
Mcleod Russel - Trendline BO- Daily chartNSE:MCLEODRUSS
Target: 169, 177 & 204
Support : 161 to 165 on closing basis,
Mcleod Russel - Investment View.At Support of Long Term Channel.
Can be accumulated till 173.
Investment View for 6 Months.
Other Details Mentioned In Chart.
Please consult your Financial Advisor before taking any decission.
I am not SEBI Registered Financial Advisor.
Mcleod russel: BO on weekly chartChart indicate BO in weekly chart with higher volume.
Short term Target is 220+ with SL 185 (On closing)
Long term Target is 320 with sl 177 (on closing).
