📈 Stock Name - Salzer Electronics Limited
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 782.
🚨Disclaimer: This is not a Buy or Sell...
#SALZERELEC trading above Resistance of 679
Next Resistance is at 904
Support is at 540
Here is previous chart:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only....
Salzer Electronics Strong Break Out
Good Volume...
Education Purpose Only... Please Consult Your Financial Adviser Before investing..
Please Maintain Strict Stoploss...
Book 70% at Target 1 and Rest Trail and Book at Target 2 ...
Don't Risk More than 1% or 2% of your capital in a single Trade..
Investment pick, Stock is in Uptrend broke previous all time high and sustaining, forming a decent structure by making Higher high and Higher lows, now the stock is in Higher low.
Accumulate in parts with Proper SL for a Decent RiskReward
SALZERELEC Bullish; above 420 on Tuesday 17 Oct.
The above information does not constitute financial/investment/trading advice or recommendation and it is purely for educational purpose.
Swing Trading Strategy:
One may enter into a position only upon stock closing above the entry price on day closing basis and hold on for 5/10 trading sessions for larger...
After breaking the ATH without consolidation it has to retest the levels which it does twice. After finally breaking out with SHAKEOUT removing all the weak heads and breaking out last 10weeks of consolidation.
As per the trend based fib. 415 & 485 are the possible levels that can be tested. Its a 1:1 RR trade though.
Disclaimer: This is just an analysis and...
Stock Name - Salzer Electronics Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 335
#This is not Buy and Sell recommendation to any one. This is for...
- Gave a BO with massive volume and candle
- Moved up and then came down to retest the BO zone
- Now rejecting from the support zone and Breaking the TL
- Slight increase in the volumes
SALZERELEC:- Stock has shown recovery by forming V shape pattern. 319 then 330 is buy price, with strict stop loss, Volumes are also being seen good,
keep an eye on the stock.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like...
