Reason for long
Powered by vwap breakout.
Strengthened by 4 day breakout.
It does not Intensified by three month breakout. Hence SL compulsory. Its early entry.
Not Energized by Positive previous Quarterly result. Its a standard earnings
Punched by QQE breakout.(Breakout cooldown mode)
Facilitated by Volume burst.(strength is moderate)
Armed by ...
RUPA BO with huge volumes above a pivot point. RUPA has come in daily screen for multiple times now and today the volumes have amazed beyond a point. Tracking this now to see if a position can be taken here on a pullback.
Keep in the watchlist for now :)
Price action has corrected to the 75% of the range on weekly timeframe. Investment can be considered at current levels with targets as per percentages on chart with swing low as stop loss
Inverse H&S is spotted at Rupa co. It has not broken out yet but shows some one is buying the stock as per the volume analysis.
Breakout level :- 275
Targets :- 286/300
Stop loss :- closing below 262 on daily timeframe
Mr.14 Long above 273 otherwise strong support at 240
Reason for long
a) Mr.14 Long signal
b) weekly breakout possible
c) QQE about to give long signal
d) price has channel support for long
Mostly, all Textiles & Apparel Industries rally started due to ahead of Dussehra, Deepavali and Ramzan etc and pre-election rally.
SL compulsory
Neck line is getting formed around 275. Handle bottom level of 257 is retested and acted as support for the fall on 14th Aug.
T1 - 314 - next resistance
T2 - 349 - CWH pattern target
Take Weekly Swing Trade and Grow your Protfolio.
Idea is Simple Invest in stocks which Breakout with Volume.
Rather than targeting 20% to 25% profits for most of your stocks, the profit goal is a more modest 10%, or even just 5%
SL can be Maintained below Breakout Candle
Rule 1 : Never Do Averaging if the Stock moves down ; One can Add more Qty if Stock moves...
RUPA Daily looking bullish , it has trendline breakout , inverted head and shoulder breakout with 200 ema support on daily candle.
Good to buy at 298 with sl below 267 for target of 367,403
Price has given a trend line break out and consolidating in the range 236 to 255. Its buy on dips as long as price is above 236. Buy above 250 with the stop loss of 242 for the targets 258, 264 and 272. This is not a recommendation to buy/sell. Do your own analysis.
Buy near 410 - 425
Sl 380 CS
Target 1 445
Target 2 470
Target 3 490
Target 4 520
Weekly candle should close above 530 to give good momentum time frame 6month to 9month will give you 100% return keep patient
Hello Everyone,
Today, I have selected the stock as RUPA.
I have tried to explain the pattern formed in Rupa from all time low to till now. Discussed, the possible movement in near future & how Rupa can perform in long future.
I am also sharing you the link of KCT channeling technique where I have covered the use of channels in identifying the wave structure....
![RUPA: RUPA BO [Daily]](https://s3.tradingview.com/p/PB9cWLHG_mid.png "RUPA BO [Daily]")
