SCHAEFFLER | Swing Trade | Ascending Triangle Breakout
1) Ascending Triangle Breakout
2) Channel Pattern
Stock in upward trend and looking to hit 10% high
Key Levels:
Support: 3050
Resistance: 3233 3333 3433 3733
Description:
Overall Performance:
Sustained growth in Q3 and nine months of 2023 in both top-line and bottom-line.
Robust GDP growth in India, particularly in sectors such as steel, cement, and commercial vehicles.
Mixed performance in the automotive sector, with passenger vehicles and...
#SCHAEFFLER - Add it to your watch list. Aggressive traders can enter at this level and maintain SL below the mentioned level. Others, wait for a pull back on daily chart.
The market displayed a strong bullish trend until mid-September 2022, but subsequently underwent a significant downtrend. However, recent developments suggest that this downtrend has now reversed, giving way to an emerging uptrend. Furthermore, this uptrend has been accompanied by a notable breakout following a brief pullback, signaling a strong indication that...
In the Weekly Chart of SCHAEFFLER ,
we can see that, positive momentum is started .
Soon we will see a Cup & Handle breakout in it.
Expected momentum is shown in chart.
In the Weekly Chart of SCHAEFFLER ,
we can see that; Decision making Candle is formed near Trendline breakout.
Possible momentums are shown in chart.
Enter on breaking its HIGH with LOW as SL.
The following trading idea shared is for informational purposes only and should not be considered as financial advice or a recommendation to buy, sell, or hold any particular stock.
SCHAEFFLER Swing Trading opportunity for Swing Trade at CMP for R:R 1:2.5
SCHAEFFLER
Red is 20EMA
Market is in Uptrend & Broke above Swing High
So Entry - 3185
SL- candle close below weakly candle low (or)- 2985 (100 Points)
TGT-3700 (515 Point),3970
R:R-1:5
EXIT METHOD
1ST TGT With SL (50%)
(50%) Wait for 2ND TGT With SL Cost to Cost or Trail
*Entry Tips*
*Aggressive traders can consider buying above the high of the breakout...
Chart -> Schaffler Daily
Range breakout.
CMP: 3185
Good Range: 3100 to 3185
Target: 3420, 3745
SL: 3055 Daily Close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
Reasons: Cup & Handle
RR is very lucrative
early entry has its own advantage and after breakout will give you confirmed entry but risk to reward will be less
~All the information given in the chart is for the educational purpose only.
~Do your own research before investing.
~This is not my recommendation.
~My recommendation--LEARN MORE EARN MORE.
