When price break any well defined boundary after that our work is Manage our risk and quantity .
BIG BRECK OUT Stock is near it's multi-year resistance.. trading above 200WMA.. trendline breakout after 2015 expected.. can be accumulated with SL 700 for breakout above 770.. Target 1000/1250
Market Cap ₹ 1,245 Cr. Stock P/E 17 Industry PE 38 Dividend Yield 4.11 % ROCE 28 % ROCE3yr avg 22.4 % ROE 20.8 % Face Value ₹ 10 Promoter holding 68.3 % OPM 35.8 % OPM 5Year 35.6 % Pledged percentage 0.00 %
MPS Ltd. Downward trend seems ended ..new upward trend started...CMP: 730 sl:550(wcb) target:890/1100/1600 Note: educational post
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...
Levels mentioned on chart. SL based on daily closing (DCB)
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.
Broken trend line with good volumes, can be longed for a target of 840/850.
MPS LTD is near its ATH and can continue on this path. one can buy at cmp and can average on the lower prices.
Good to add near cmp to till 696 SL below weekly supertrend 505 Target 2x
Levels mentioned in the chart
( For Educational Purpose Only)
buy 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...
levels and stop loss mentioned