Wendt has broken out of its range and being a Murugappa group company, fundamentals are solid in this one. Target will be the recent all time high and stop loss is marked on the chart. Time frame 2-3 weeks.
Wendt with Kumo action at 7800 .
Ichimoku Kinko Hyo is a trend following system designed to help traders enter the positions at decisive points in the trend.
11 Years #Multiyear #Breakout from #parallelChannel in #WENDT (Wendt India Ltd) Market Cap - ₹ 1,471 Cr.
#WENDT is Low Beta & Outperformed #Nifty
In the context of technical analysis, a channel occurs when the price of an asset is moving between two parallel trendlines. The upper trendline connects the swing highs in price, while the lower trendline connects...
buy above 5000 for intraday and positional
keep stoploss of 4450 DCB for positional
For Intraday:
Note this scrip is volatile for intraday as spread difference is more so keep position sizing small
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...
WENDT LONG VIEW
Increase in delivery from last 7 days along with volume
RSI showing good strength
Improved fundamental
Considering breakout possibility with a very small risk can be played for 1:1+. Any breakout may shoot the stock to hit at least stock's previous high or above once.
*education purpose only
buy above 4270 in intraday and swing
for swing trade wait for 15 min candle close (only for swing)
and for stoploss use it according to your risk.
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 ...
