If it closes above the trendline then it could be a breakout. Check levels and take the trade accordingly.
Targets marked in red lines above...
Confirm with crossover of MACD and ensure it closes above diagonal trendline....
The topmost red line may or may not get achieved in a very short time. Let's see. Please trail SL once it goes beyong T1
Relaxo has just entered the cloud. Whichever side it steps out, it will continue. COntinue watching and enter long position when it steps out and gives a closing outside the cloud.
Target no idea as of now. But we can consider 10% to 12% in a period of 1 month.
Keep it on your watchlist and take position if it steps outside the cloud towards the top...
Go long for HCL TECH at CMP of 980-990
For a target of 1068 to 1075
It has just stepped above the cloud and hence one can go long. Buy partial quantity and look for a little dip before going in for rest quantity.
Target possible in just 1 week.
Monthly RSI entering 50 is supposed to be strong. It can give us a multibagger over a period of 1 year or so.
Enter once RSI sustains over 50.
Exit upon RSI reaching 80 on monthly charts only.
5 March 2021
CMP - 242.35
Target - at least 100% in 1-2 years!
Stop Loss - Rs.205/-
RSI above 50 is not my strategy. Video Link in Related Ideas at bottom.
I am taking...