Satia Industries nice price action + rsi and rs both showing strength huge opportunity as todays close breaks the supply zone one can go for qucik gain in intraday or shortterm swing above 126 sustain in 1hr and if market reamin positive it will go for long term target or new ATH soon
as I am learner also so one can take risk as per there conviction
disclaimer :...
1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price)
4. Sell on initial stop loss hit or daily RSI closing below 40
5. Some other ways to sell stocks can be
a. 25% or 50% up in three weeks or less
b. Weekly tailing tops with high volume
c....
Price moving in Symmetrical Triangle Pattern and Breakout on Weekly has already occurred with high volumes. Upside Movement for target of 200+ can be observed. Enter in the trade at current only with strict SL..
30% Earning opportunity in Swing trade.
CMP: 108.25 ( Good buy @ 110 breakout )
SL: 91
Target: 121 | 130 | 153
( Targets calculated on the basis of Fib. and previous swings)
Disclaimer:
I am not a SEBI registered analyst. My studies are for educational purposes only. Please consult your financial advisor before trading or investing. I am here just to share...
This is just for learning purpose and no buy/sell recommendations.
Satia Industries Ltd shows a trend breakout and good consolidation after breakout. Chart is self-explanatory.
Look for long opportunities
Reasons:
1. Downtrend line breakout in weak market
2. Multiple time tested trendline
3. RSI showing strength
Disclaimer: for learning purposes
A perfect pullback and price sustained in the consolidation zone.
Now its time to trade with minimum risk.
BUY @CMP(100-103)
Follow the chart for target and SL
FORMED TRAINGLE IN DAILY CHART!
BREAKOUT HAPPENED AT VERY GOOD VOLUME AND NOW ITS GOING TO RETEST IF IT SUSTAINS THE RETEST ILL BE LONG FOR SURE!
IT CAN A GIVE VERY GOOD RETURNS IN FUTURE !KEEP UR SL AT 89 OR 88
TRADE SAFE ;-)
