TARSONS trade ideas
Tarsons breaking the resistanceTarsons has been in the down trend since a long time and in the downward channel. It showed signs of up move earlier but didn't sustain and on the downward continuation it has formed a pattern such that it has crossed the upper channel line after the retracement. So it's possibly on the verge of starting it's move north. Overall market conditions to keep in mind and also the support line will now be the red line from the chart.
I am looking it's levels of 503-554-608-680 after which I can expect some retracement from there. Only possible if current move decisively crossed the levels of 474.
Support which I am looking for this is 445-419. Volume is key factor to reach those levels.
No recommendations, Just my view based on the chart pattern.
TARSONS PRODUCTSHello & welcome to this analysis
A small cap stock recently listed in November 2021 has been on a downhill after making a double top in weekly time frame continuously making lower highs & lower lows.
As of now earliest sign of reversal is above 450-475 while any decline till 360-370 could find it at the support of a Bullish Harmonic ABCD pattern.
Happy Investing
Completion of WXYXZ or NOT?NSE:TARSONS
Tarsons product LTD is proxy player to healthcare industry. Tarsons is a manufacturer of scientific and laboratory plastic ware and safety products.
Stock went into Triple Three complex correction just after IPO and I think that stock completed it's course of complex correction and now ready to move up but for more safety one should invest above 524/- as you can see stock gave breakout above bearish trend line and right now it's retesting the trend line to see if price sustain the support or not if trendline give support stock will surely make Higher High above 524/-.
Target is 30% above from Entry Point.
Momentum GameIdea is Simple Invest in stocks which Breakout with Volume.
Rather than targeting 20% to 25% profits for most of your stocks, the profit goal is a more modest 10%, or even just 5%.
Rule 1 : Respect Target & Stoploss.
Rule 2 : Hold the Trade until the Rule 1 is not met.
Rule 3 : SL on Day Close Basis
Rule 4 : On result day trail your SL at 15Min Time Frame
TARSONSTARSONS:- wait for the breakout of 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 this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Buy Today, Sell Tomorrow: TARSONSDON'T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Book profits within the first 30 minutes of the market opening
- Try to exit by taking 3-5% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
- SL can also be maintained as 1% or closing below the low of the breakout candle
The levels mentioned on the chart are calculated using the BREAKOUT INDICATOR
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Trendline Breakout in TARSONS
Buy Today, Sell Tomorrow: TARSONS
Cup & Handle Chart Pattern in Tarsons ProductsEducational Purpose Only -
I could see cup and handle pattern formation on daily timeframe of security Tarsons Products. With weak quarterly results, there is falling window of price is created. I could see price downside of 700 and extreme possible downside of 580-600 price range for short term.
watch for range breakoutbuy above 800 in intraday and swing
for swing keep sl below 755
This stock is not very liquid for intraday trades so keep sl little big and buy less quantity for Intraday.
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.