it's overall +35% return for me. & its counting.
Like I always say, Secret of wealth generation in market is to buy great stocks at cheap value & wait to let market discover its true worth in long run.
My thesis to buy this stock is - The next virus that will be halting global economy will be digital virus.
& as recently as last month one such attack happened...
Quickheal triangle breakout about the time during its buy back tender offer date.
Targets can be 220, 240++
Note: the buyback offer rate here was set to 240.
Quick Heal Trying to make Cup With Handle. Also Moving Average is giving perfect indication to buy.
Stock is also very near to its 52 Week High Level
Only for Educational Purpose.
Take the trade on 1hr as the same day trend line is maintained on 1hr too , u can go for other timeframes too if comfy with the risk ... i would say a good 20 to 30% UPSIDE IS POSSIBLE if broken for upside ..... if broken for downside = don't take the trade wait for the price to tell what to do next :)
Happy trading :)
QUICKDEAL | Triangle breakout in smaller time frame for 10%
CMP : 197
SL : 190
Target : 215
1:3 risk reward setup
We already holding a big trade based on higher time frame (Weekly) this is just in between one more opportunity to average the winner
Expecting the stock to reach around 240 levels. Stock is correcting from the highlighted supply zone but I am expecting the stock break it. SL closing below 148.
Company has announced its buyback at 245 per share. & its trading at 183.
immense upside potential of 34% from this point in final buyback.
If market rebound in next few day this will soon be hitting higher circuits of 5-7% jump in a day.
lets see how it goes!
Discloser: Invested.
~for educational purpose~
* Quick Heal approve buyback at ₹245/share . Now CMP 207 . Breakout in price with high volume in weekly chart . As much as possible buy near to 200 . Good risk reward.
Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
This is power of Technical analysis
35% done >>>> 50% retun (on the way!)
Expecting something similar with Spencer & DCB Bank too, they are taking too long! :D
Note: For educational Purposes!!
