Ami has given a Breakout on a Daily basis on a weekly tf is can form cup and handle pattern. if it gives breakout for that pattern then we can see more upside potential. on a monthly tf we can see the stock is under the ipo launch high and also didn't gave a breakout from the mother candle formed on the monthly tf.
disclaimer applies bo of triangular consolidation
A very good setup formed on a of Multi TF level. A must stock to trade for a mid term to long term swing trade. RSI also looks good on all frames so its a must be in your watch-list ! Disclaimer applies.
I absolutely loved this stock as right now its the perfect time to enter the stock. It will form cup and handle pattern eventually. Right now the RR ratio for the stock is highly favorable for a medium term swing trade. And if we are patient enough and if the stock gives a BO of that cup and handle then we will enjoy a lot of profits Disc applies.
The stock is forming a beautiful Channel on a Daily TF. I see a approx 1:4 RR in this stock upon breakout. Also on Daily TF if the RSI is near 60 during BO then it would be a positive sign for the entry. MACD already gave a positive sign. This stock is a must in the watch list as on a weekly TF also it is resting on a crucial level of Cup formation . And we all...
The stock is forming a beautiful Descending Pattern on a 4hr TF. I see a approx 1:3 RR in this stock upon breakout. Also on Daily TF if the RSI is near 60 during BO then it would be a positive sign for the entry. This stock is a must in the watchlist as on a weekly TF also its forming a pattern which can have a breakout simultaneously.
Check the text box for tgt and sl. Try this trade only for swing trading or short term to medium term trading. Disclaimer : Contact your financial advisor before trading.
On daily TF Descending Triangular pattern is formed TGT - 47.65 , 54 ( Approx 15% , 30% ) SL - between 39.75 to 38.4 on 1hr TF Double Bottom is formed TGT - 47.65 (Approx 15%+) SL - 39.75 Disclaimer : Only for educational purpose. Please contact your financial expert before trading.
Volume is less on Daily TF so be cautious. For swing (short term trade) see the Daily TF analysis. You can also check the 4hr TF so that you will get more clarity. For medium to long term trade based on technical price action see the weekly TF analysis. Disclaimer : Please contact your financial advisor before taking the trade.