📌SWING TRADE FOR NEXT WEEK🚀
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I am a Swing Trader by Passion i only trade on Momentum Stock's.
📌I Post Daily SWING CHARTS Analysis on My Trading view profile..
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📌TRADE ANALYSIS OF MPS LTD
• Potential Breakout Chart
• Symtrical Triangle Pattern ...
Detailed View about this Breakout:
No.of Resistance: 6
No.of Support: 6
Consolidation Days: 626+ Days
I Post educational chart for 3 Swing / Potential Stocks Everyday.
Check Related Ideas section for more Swing Stock analysis.
Good morning Guys! Here is a potential trade set up for next week.
Providing you some pointers for MPS LTD.
>>MPS Ltd experienced a beautiful breakout from a well-defined rectangle pattern last week
>> As we see in a daily timeframe, it was religiously following a rectangular pattern since more than 1 year, it is more like a broadening rectangular pattern. ...
After closing above the ATH in February 2023 it was not able to sustain above 1095 levels. It tried thrice but failed. From June to July it consolidated for 7 weeks in range ~19% and broke out of the range giving ~39% move in just 1 week itself. Volume are good. Price trading above its key moving averages. As per the trend based fib 1st target of 1500 is already...
DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and...
The Higher Time frames look solid.
Multi-year Breakout Contender.
On the Lower Time frame an inverted Head and Shoulder was spotted.
A breakout happened and followed it up with a retest.
Stock is moving in a Rising Wedge.
I expect an upward rally from here on to the top end of the wedge.
MPSLTD ( NSE:MPSLTD ) is on continuous raise from some time.
Currently crossing 8 Years High - 1095.
Also from a Daily volume perspective - on raise, and Strong support at 977 levels.
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MPSLTD:- Rounding bottom pattern has formed, wait for breakout, till then keep an eye on the stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know...
Price has successfully broken out. A follow-through day is essential. This chart is for educational purposes only. Please contact your financial advisor, as this is not a buy-or-sell recommendation
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking profit for 1% - 2%
For long-term trades look out for resistance drawn above closing
