Rajesh export was in a large consolidation phase and in the process made a rounding bottom formation.
The consolidation phase has official over after a huge breakout.
Note: This is for educational purpose only.
There is a descending triangle bullish breakout with ultra high volume. The breakout is visible on RSI as well. As the RSI is in overbought zone, there might be a consolidation/ side ways movement to cool off the momentum before the next up move.
Consolidation Pattern ( Symmetrical Triangle ) shaping up in RAJESH EXPORTS .
Waiting for breakout & confirmation of the pattern!!!
Levels mentioned on chart.
Given targets seems achievable.
Plan your trade accordingly.
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Trade what you see, Not what You Think"
Can start Buying Rajesh Expo With Stoploss below lower Channel
Indicator Based Buying
Divergence on Daily Fisher
weekly fisher over Solded Zone
Target Upper Channel After Few Months
Invest on your risk
ALL LEVEL DISPLAY IN VIDEO
FOLLOW THE RULES GUYS
1. BUY ONLY WHEN STOCK PRICE HIT BUY LEVEL
2.STOP LOSS IS VERY IMPORTENT
3.1ST TARGET HIT BOOK PROFIT WAIT 2ND TARGET CHOICE IS YOURS BUT TRAIL YOUR STOP LOSS
4.IF YOUR CAPITAL IS 1 LAC
YOU ONLY INVEST 5000 TO 8000 IN ONE STOCK
NOT PUT ALL YOUR MONEY IN ONE STOCK
BECAUSE MARKET IS UP AND DOWN NATURE
5.DO NOT TRADE...