SHOPERSTOP: ELEPHANT GETTING READY TO FLY Investment Rationale:
1) Trendline reistance breakout
2) Volume Expanison
3) RSI indicating price strength
4) Stock price < 2/3 Tangible book value per share
5) Unlock Theme.
Targets: 321 & 416.
Trade ideas
SHOPERSTOP Make or BreakShoppers stop is close to the resistance zone , it's a strong resistance zone tested multiple times since March'2020. One can consider buying it at a close above 226 with good volumes, stop loss as 190 and target of 270,300,322++.
Disclaimer: Please trade on your own discretion, this is personal view and no recommendation to buy or sell.
Positional Trade - Shoppers Stop - Resistance - BreakoutShoppers stop breaks above a resistance at 231 on daily chart.
Buy: Shoppers Stop
CMP: 236
Target 1: 260
Target 2: 270
Stop Loss: 222
► ADVANCE PATTERN #16: SHOPERSTOP ◄► ADVANCE PATTERN #16 ◄
📌 Levels are mentioned on chart for ❝Swing trading❞. These are original and unique patterns that can achieve their target almost 80-90% times. Here, I have posted one of my favourite 💕 chart patterns.
☆ Please check the description section ⌨ for early entry level in given stock ₪ to get better Risk to Reward (☈☈) ratio.
☆ Kindly ❤ like & share ➥ this pattern. Comment ⎚ with what do you think. Follow me @ tradingview for more updates and announcement regarding stock analysis.
▣ Key Highlights:
➟ Time frame Daily Ⓓ
➟ Horizontal Resistance ≕
➟ Trend line ⍩
➟ Triangle Pattern ►
➟ Long Term Support ≌
➟ EMA 350 ↝
➟ Unique Confluence Ⓤ
📌 Levels are:
Entry: ▲ 234
SL: ☢ 220
Target: ➚ 260/275
RR: ☈ 1:2.9
Return: 17.5%+
Do your own study before Trade!!!
Thank you. Happy Trading!!!
Best Regards,
𝘿𝙧. 𝙎𝙝𝙖𝙢𝙧𝙖𝙟𝙖 𝙉𝙖𝙙𝙖𝙧
𝙋𝙝𝘿 𝙞𝙣 𝙏𝙚𝙘𝙝𝙣𝙤𝙡𝙤𝙜𝙮.
✬ Disclaimer ✬
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All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on evaluating their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
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Shooper stopBuy Shopper stop on CMP for targets of 232 and 242 in 2-5 trading sessions. do maintain a stop loss of 213 on closing basis
ShopperstopAfter a good price action as shown, the stock has given breakout from its resistance and a retest as well. If the stock opens above the resistance zone (not a huge gap-up) tomorrow and sustains, it can turn out to be a good intraday bet.
LONG SHOPPERSTOPEnter in SHOPPERSTOP between 200 and 175....wait for reversal with volume on lower TF........ No sl as it was for investment purpose....... Immediate target for swing traders will be around 280,365 and long term above 550 easily......levels are marked........ best buy if goes around 130
SHOPPERS STOP - 5VCPBREAKOUT !!!
There could be a retest, therefore any dips near 220 can be added on.
SHOPPERS STOPNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
SHOPERSTOP - POTENTIAL BREAKOUT VISIBLEMoving towards resistance zone with high volume is giving hope for breakout
Ref. chart for entry & exit
Shoppers Stop- Let's do some shopping Same old concept but worth looking at.
Resistance tested multiple times.
Stock creating higher lows.
Ascending triangle pattern.
Don't forget to checkout weekly chart as well. Most interesting part is volumes being generated in all these weeks.
Don't know who is generating all these volumes :P
Take entry only and only it stock stays at breakout level for 2-3 days atleast.
Keep an eye folks. Fingers crossed.
Shoppers Stop gave a Symmetrical Triangle BreakoutShoppers is a Buy at CMP 201 or on dips till 190
SL: 174
Target 287, 323
SHOPERSTOP BUY ABOVE 186SHOPERSTOP BUY ABOVE 186 ON CLOSING BASIS
TARGET: 190, 194, 198, 203, 207
SL 171
Posting for Educational purpose only
Closing Basis means stock need to trade above 186 between 3:20 ~ 3.30 PM
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