Many stocks follow the pattern of cup and it clicked my eyes that this can turn into Cup & handle pattern. Entry Exit and Targets as marked on the chart. Sharing for learning purpose and if any suggestions for me, plz do comment. Let's Grow Together.
TRACXN - 5 weeks closing is almost in 1% range. Price near 50 SMA
Entry - SL as per chart
Profit booking will be partial at 15%, 25% and 30%.
Since this is a new stock listed few months back, can hold for few months for 100% return but with trailing SL.
TRACXN - 5 weeks closing is almost in 1% range. Price near 50 SMA
Entry - SL as per chart
Profit booking will be partial at 15%, 25% and 30%.
Since this is a new stock listed few months back, can hold for few months for 100% return but with trailing SL.
Consolidation for a long time with WIB and low volume, probable candidate for weekly swing.
Entry & SL will be as shown in chart.
Profits will be booked partially at15%,25% and 35%.
SL - 8% fix
Period of trade - 4-6 weeks
