Stock is trading in a channel and looking good to continue the upward journey. Low volume can be seen on the recent PB and volume has picked up on today's candle. Buy with a SL below the swing low.
Revenue of the company from Yr 2017 to 2021 have significantly remained range bound.
The stock has annual pattern of Rise & Fall which makes it difficult to break previous highs.
The stock needs healthy correction upto 130-150, create support levels, gather strength,
in absence of which it may see the repeat of 2018/19.
Flag pattern
Weekly charts
CMP - 260
SL - 222
Tgt - 285/300
High Volumes
Pls follow proper risk management while trading.( Follow SL strictly )
Disclosure : I am not SEBI registered. The information provided here is for education purposes only. I will not be responsible for any of your profit/loss with this suggestions. Consult your financial advisor before...
DON'T HAVE TIME TO MANAGE YOUR TRADES? | Trendline Breakout in TIRUMALCHM
- Take BTST trades at 3:25 pm everyday
- Book profits within first 30 minutes of the market opening
- Try to exit taking 3-5% profit of each trade
- SL can be taken when 5/15 min candle close below 44EMA
Now why do I prefer BTST over swing trades? The primary reason is that I have observed...
wave 4 is about to get complete
buy on break of today's high @ 257 and enjoy wave 5
three targets are there as per your risk capacity
thanks in advance for your love and support.
1. Price formed Big Round Bottom pattern from Jan 2018 to Sep 2021
2. Stock rallied 40% after breakout from big round bottom pattern.
3. Price retraced to breakout zone and trading at support.
4. Also, price took support at EMA 20.
Good Opportunity for Swing trade with long setup - good R:R 2.7
Entry: 246-250
Target: 335
SL: 213 (Weekly Closing Basis)
