SOTL-A Monthly VCP Breakout & Retest candidate, 30% ROI
Expecting ROI - 30%
As mentioned in multi time frame analysis charts,
1) Monthly 6 year old VCP Breakout, Retest done , consolidated for 2 months,
now ready to move out of the consolidation zone.
2) Compressing at major supply region with minimal
sellers strength
3) Expecting BO soon, SL at prev week low.
As mentioned in multi time frame analysis charts,
1) Monthly 6 year old VCP Breakout, Retest done , consolidated for 2 months,
now ready to move out of the consolidation zone.
2) Compressing at major supply region with minimal
sellers strength
3) Expecting BO soon, SL at prev week low.
Note
Exited SOTL with a small SL as the 75 minutes Price action doesn't look good. 500 - Round number reaction has occured.Note
Shall wait for a reversal price action before making any fresh entry.Note
The stock has zoomed post picking demands at 460 region.Note
The stock is holding strong amidst war and other negativity in markets, Entered at a reversal spot - 559, SL 539, Targets minimum 20%. Highly bullish in the short term.Note
May punch an exit at 640. Based on yesterday's candle.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.