MPS LTDMPS Ltd. Downward trend seems ended ..new upward trend started...CMP: 730 sl:550(wcb) target:890/1100/1600
Note: educational post
MPSLTD trade ideas
MPSLTDTrying to make INHS
MPSLTS
CMP - 694 (Add 50% near CMP, rest 50% @ 670 or above 750)
SL - 650
T1 - 845
T2 - 960
Only for study purpose ... Here is a zone where price takes rejection multiple times, the White line is 0.618 ratio of #Fib Retracement which is also important.
Take entry on breaking of a zone with strong green candle and .618 ratio with the SL of 690 as shown in the graph.
Targets are as shown in the graph if the price breaks all-time high then trail SL and hold the trade for higher targets.
All Targets are planned by Fib levels.
Also, Earning is there on month-end let see what will happen.
Multi year breakout.One can follow the marked level to understand the stock breakout. Also the volume accumulation is quite visible. Hold with sl of 740 on closing basis for T +5 and sl of 700 for short term.
Disclaimer : The post is for sharing my understanding of charts and hence educational in nature. One may do their own study before taking position in the stock.
LONG ON MPS LTDMPS LTD is near its ATH and can continue on this path.
one can buy at cmp and can average on the lower prices.
Intraday Trade: watch for resistance breakoutbuy above 581 in intraday
As volume is less check volume on 5 minute tf when it approaches near breakout.
the volume should be high or increasing compare to last few candles (like atleast 10-30 candles)
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.
MPS...LET THE DIVIDEND COME IN...Above stock Given is For Educational Purpose...Consult Your Financial Advisor Before Investing.....
Bullish Breakout possible?Fundamentally good company.. Bottom in place... Now Ready to fly...
Lets see.
Note: Consult your adviser before taking any position
MPSLT inside bar betBuy if it breaches 546.55 with stop loss at 536.2(higher possibility)
or
Sell is it breaches 526.2 with stop loss at 546.55
MPS Ltd - Paint to ContinueLooks like the major support is 400-420. The downward channel trend will continue. Need to see a breakout of down channel for meaningful performance.
#MPSLTDMonthly view
Monthly close <578.90 and L >555.25 with strength candle
will be first candle for reversal
Monthly close >604 and H >639 with strength candle
will be first candle for reversal
#MPSLTDWeekly View
Weekly close >601 and H >610 with strength candle
will be second candle for reversal confirmation
Awaited signs for reversal
#MPSLTDReversal is confirmed
CCI-D >100
CCI-W/M In Sell Hold
Fresh TGC
Forming Higher Lows
Target 647 / 690
SL 570
