Board Members have approved the Buyback of stock, thus expect another good rally of 10-15% from here (in most conservative estimations) Since last 2 weeks QuickHeal Moved from: 160 >> +192 Almost 20% returns, Target 50% return...soon!! Discloser: Invested (This is only for educational purpose)
Trendlines and levels are marked.
QUICKHEAL Reason for the trade: Inverse Head and shoulder Downtrend from Jan 18 (Distribution phase) Accumulation started from Jun 19 Waiting for Breakout on the neckline area soon and start Mark up phase :) Also high volume for past 3 months!! Note: Only for educational purpose!!
Quickheal has taken a good support from its cup bottom, And showing a good momentum for upside triangle breakout. Risk takers can enter here, to gain early entry gains or One can wait till it breaks the Upside triangle. The Upside for this trade is easy 50% on a 6month to 1 year hold. (I prefer to trade less & wait more as stock grows) Disclosure: Invested. (I...
* Stocks Near Breakout Level * Added in your watchlist. * I will update after breakout.
Volatility contraction + Trend line support + decreasing volume; Can go till 180.
Target are mentioned in the chart...
BUY - CMP RSI STRONG SL AS PER YOUR RISK.. TRGTS-170-180
STOCK:- QUICKHEAL CMP:- 155.50 TARGETS:- 193,234 and 272 SL:- 138.50 on closing basis The stock has been in a bullish trend making higher high on daily time frame and after breakout it has now retested its previous resistance and now might enter in bullish trend One can go long for the targets.
Decent Breakout, Dips till 145 can be bought Next resistance at 165-170 More will come once trades above 170
MAY GIVE SOME MOVE UPWARD... DISCLAIMER: ALL MY POST IS FOR EDUCATIONAL POURPOSE NON-DIRECTIONAL AND NON ADVISORY