#RGL #breakout #patterntrading #roundingbottom #trendingstock
RGL : Breakout Stock (Weekly chart) - (1-3 months Trade)
>> Rounding Bottom Formation
>> Trending / Momentum Stock
>> Big Volume Breakout
>> Low Risk High Reward Trade
Swing Traders can lock Profit at 10% & Keep Trailing.
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RGL is looking good on weekly time frame. Stock is attempting breakout from 2-3 weeks . Keep on radar. Festival season can lead to bring momentum soon.
RGL is looking good on weekly time frame. Stock is attempting breakout from couple of week. Keep on radar. Inspite of weak market conditions, stock is showing strength and getting recover from correction.
Stock has given BO on daily and weekly chart with good volume build up, and also heading for forming Cup and handle pattern, follow chart for proper support and resistance levels.
Detailed View about this Breakout:
No.of Resistance: 2
No.of Support: 3
Consolidation days : 150+ days
I Post educational chart for 3 Swing / Potential Stocks Everyday.
Check Related Ideas section for more Swing Stock analysis.
--Bullish flag pattern
--taken goog support and stock is is in uptrend
--buy when candle break the flag pattern and closed above the trend line upside
--Target 145+ within 4-5months (on your own risk reward ration)
Disclaimer:
- The view expressed here is my personal view
- Any decision you take, you need to take responsibility for the same
- It's your hard...
1. Breakout with 8 months consolidation
2.Trend is bullish in all time frame
3. Multiple confirmation on charts and probable bigger returns set up can be seen
One of Trading Views' strongest feature is its screener. Probably the best some of us have gotten used to so far. This is a small tutorial /writeup to help you search for stocks probably sitting at support.
Remember, for certain stocks their area of value is 20EMA, while for some it’s 50EMA and for others it could also be 100EMA, so on and so forth. Basically,...
Price start taking support on 780 level and last resistance will be 812.
If price sustain above it then stock good to buy for atleast 15-20 % hike.
changes are high to see good upside movement
