Good entry opportunity in Wheels India. Price is on the trend line, so risk-reward ratio is good. Can exit with 1:2 target also. SL can be extended upto 530.
WHEELS INDIA, as observed in the weekly chart, is currently exhibiting a compelling technical pattern, suggesting the possibility of a significant breakout. The stock has been forming a symmetrical triangle pattern over the past several weeks, indicating a period of consolidation and tightening price movements. Price Targets: In the event of a confirmed breakout,...
Can be a good trade if it breaks the trendline and 850.80 level as well. It's 5 year old trendline. Also forming double bottom pattern. Simple price action analysis :)
Wheels India is looking good on chart. Keep on radar for closing above 820
The analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock...
WHEELS -- crossed trend line with decent above average volumes Volume is Monthly High The daily trend changed to positive High on momentum Above 20-SMA on Daily, Weekly, Monthly Time Frame Also, the Monthly trend is +ve & now the Weekly trend Changed to +ve. Please do your own research before making any investment
WHEELS has formed a triangle pattern and is about give a breakout.
This scrip is expected to give breakout in the coming days. So traders keep on your radar to catch the momentum. Thanks to all 🙏🙏🙏🙏
On reaching 703, reaches the connected candles for a swift move. On watchlist
Look for breakout. I post all the opportunities that you all can paper-trade and watch for study. soon I am launching a youtube channel that is completely based on SWING TRADING
Detailed analysis given on the chart NSE:WHEELS
Stock has given Break Out on Monthly Time Frame. Either one can enter now, add more during retest and look for mentioned targets. Or once can enter above 1068 for the mentioned targets. In both the cases, returns would be awesome. Go long!
Wheels Ind. Look at the Wonderful Chert, 🤩 this is the Power of Brackout
WHEELS : BO with volume Like, Share, Comment for regular updates. Disclaimer I am not sebi registered analyst My studies are Educational purpose only Please consult with your Financial advisor before trading or investing
Hello traders, Wheels India has given a very good weekly resistance breakout and looking good for swing. with huge volumes gave weekly closing as well. it's like a don't miss swing opportunity with SL below breakout (closing basis) and for the target of 980,1060 and 1340. very good risk reward swing trade. check my other ideas to get to know about all the...
The stock looks good above 645 level for further upmove