SELAN trade ideas
Selvan on the weekly breakout for target of 250As we can see there volume on the bottom and the weekly close was above 150 levels. We can have targe of 250 in the coming months
Selan Exploration - Close above long term Resistance/200 WMASelan Exploration closed at a post crash weekly closing high of 154. In doing so, it broke and closed above a 30 month old weekly resistance trendline on the chart. It also closed above the 200 WMA (dark green colored line on the chart) for the first time since 2019.
The stock should continue higher in the short to medium term. One can go long at CMP and add more when the stock closes above 160.
Target : 180-190 is the primary target for this long trade.
Stop Loss: Weekly close below 145 (dotted red line on the chart) will invalidate our bullish view for Selan Exploration.
Selan Exploration Range Breakout Selan range breakout above 138-142 .. stock can do 170-200 in coming months stoploss 125
SELAN Forming Cup with handle PatternSELAN Forming Cup with handle Pattern
A green candle tomorrow will confirm the breakout
Trying to break 144 level.
currently the stock is in buying zone.
Only for Education and Learning Purpose.
Overall Bearish : At Intermediate SupportIntermediate Support at 145 - 158
Long term Support(Hulk Support) : 99 - 102
SELAN Bounce uptrend TradeEntered at 2nd August at 198.8 with stop loss at 189.5
Update stop loss I - 240.50 on 14th August 2018
Update stop loss II - 248.8 on 20th August 2018
Current stop loss is 248.8
In case of stop loss confirmation, points captured would be 248.8 - 198.8 = 50.
Buy and accumulateGreat return on equity.
Investor like dolly khanna has entered.
Buy for positional.
#SELANC > 264.40
H > 270 with strength required on M charts
TGC is awaited
Another round of accumulation
could have these ready for a blast
SELAN - Long term BreakoutSELAN is in the formation of Bottoming process. It has given breakout of long term resistance of 200. Now once it crosses minor resistance of 242 level expect it to zoom.
Buy above 242 with a Stop loss of 220
Buy SELAN between 220-230Breakout on daily chart with today's good volume indicating further move. T1- 250 & T2-274
Selan (tukka bet)Selan at Support, Buy this with very small SL of Close below 150.
Target 170/190/210.
