Wait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the...
PATTERN:- CUP AND HANDLE
already re-texted , confirmation done so my side stock are bullish .
your looking target are very low distance but this not my this technically draws. so ...see what happen next ..
"you know target made 43.85%"
The cup and handle is a well-known continuation stock chart pattern that signals a bullish market trend
I am not...
Morepen labs seems to be a BO candidate on daily chart, RSI is just close 60 & seem sshowing divergence, volumes look decent, have been consolidating since June-July, Keep on radar.
Disc; Invested: Not a reco to buy or selff
MOREPENLAB : LONG VIEW
1) POLE & FLAG PATTERN
2) Just above SMA 50
3) Just above Linear Regression channel lower channel
BREAKOUT POINT : 56/57
* For educational purpose only
Price respected the 4 month Trend line
Now Break this line with Descending triangle which constantly multiple time tested
Now at retest area, after confirming retest buy at 50-52 & target with 60 & SL Billow 46.70
A breakout of the Inverse H&S pattern has occurred with good volumes. Can be bought for a target of 65-66. CMP-59.5. Target is calculated using the height of the head. SL will be 55 on a closing basis. A good 14-15% swing opportunity. HIT the like button if you liked my analysis and do FOLLOW for more ideas.
All trade ideas provided are the opinions of the publisher and should not in any way be considered as financial advice. Please do your own research and consult your advisor before investing in stock markets.
1)Breakout from Stage I - Consolidation zone after 19 years with good Volumes.
2)Breakout Retest with Volume dry-up.
3)Reversing from 61.80% Fibonacci Retracement.
1)Posting good Quarterly as well as YoY results.
2)Substantial increase in ROCE.
3)Reduced its Debt and approaching Debt free.
4)Positive Cash Flow.
Excellent Stock to look forward to!!