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"
Happy Trading(:)
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...
RAJESH EXPORTS HAD GOOD PRICE INCREASE IN THE LAST TWO SESSIONS.
THE SHAPE FORMED IS A CUP & HANDLE.
TRADING ABOVE 729 SHOULD SEE THE TARGET OF 769 IN THE COMING DAYS.
AS THE CLOUD IS THIN, WAIT FOR TRADING AT 730 LVLS.
Sell at 717-723 range with stop loss above 736 for target 675-650
Rajesh Export has been posting lower high & lower lows from last 3 days which means bulls have lost strength to push market above previosu day's high. Today's big red candle (close near day's low) after 2 doji candles is highly bearish which is supported by reversal from +2 SD of 20 day BB. RSI has...
Long Term Trend Positive
Short Term Trend Sideways
Near Support
Buy only on close or if its sustaining above 795 as Volumes are not great.
If holding, Hold with Small SL at 765 on closing basis.
