TOUCHWOOD trade ideas
Touchwood Breakout ChartTouchwood Entertainment Ltd is engaged in Event Management business offering services across the globe.
Now stock Flag and Pool pattern Breakout and upmove started.
TOUCHWOOD Long Study Date-29-09-2022
Name Of Stock-TOUCHWOOD
CMP-105.75
Buying Price-105 -107
Wave-Wave 3
Minimum Target is 244
Type of Trading Long Term
Duration-3 to 5 year
Touchwood Entertainment BreakoutAs we can see in the chart, stock goes into the consolidation or creates flag and whenever it comes near 44 SMA, there is a breakout.
After the fall of 47% we can see that stock is creating new swing high. We can consider each breakout as small flag and pole or look at the bigger picture and see that stock is moving in between 2 parallel lines which are expanding, which means breakout can be even bigger this time.
So one can go for swing trade with the SL below 44 SMA and ASA stock touches or comes near upper line you can book profit.
Bounce off the support, first break of tend channel, 1.7:1, 13%Risky trade, Illiquid stock, trade to trade category. Follow stop loss strictly.
TOUCHWOOD ENTERTAINMENTSCUP WITH HANDLE PATTERN IS DEVELOPING ON THE CHART ON MONTHLY BASIS..EXPECTIN A BREAKOUT WHICH CONFORMS THE PATTERN...IFG BREAKOPUT HAPPENS AND CONFIRMS THE PATTERN THEN WE SHALL SEE STRONG UPSIDE MOVE
Go for it and buy !! (entry and exit is by ur own sense)previous heavy consolidation !!
uptrend !!
buy NSE:TOUCHWOOD
entry and exit is by ur own sense !!
Go for it and buy !! TOUCHWOODNSE:TOUCHWOOD
previous heavy consolidation !!
uptrend !!
buy NSE:TOUCHWOOD
entry and exit is by ur own sense !!
