RANEENGINE Quick move towards 350 Did Descending and crossed recent High!
RANEENGINE, closed above 309 on 17/11/2023. Buy at open on 20/11/23. Stoploss close below- 288.05 Target- 381 Risk:Reward- 1:3.4
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Weekly Chart Analysis : Small Risk, High Gain trade. Trading inside Big Triangle pattern and good consolidation above 260 levels for past 6+ months. Keep SL as weekly candle close below yellow TD line.
buy after breakout for 20 to 30% return
This stock is looking good above 340 for target of 445 no hurdle in between
Strong up move after being bottomed out. 1.67 Risk to reward. Duration 2-4 weeks
Study of the daily and hourly charts of Rane Enegines brings in a sharp similarity. Both are showing consolidations with a triangle formation extending beyound 75% of the base, indicating its ripe for a breakout. The blue resistance line also is a resistance on the daily charts. (Not sure how to show both timeframes in the same post) The stock should either...