MACROTECH DEVELOPERS (LODHA) - is nearing its 52 week high with a dry up in volume on a daily time frame with a consolidation from the past 100 days. The company has seen an influx of institutional investing in the last quarter. Good for swing traders to be kept on watchlist. Look for volume gain above the 30w moving average on weekly time frame. Can expect an...
📊 Script: LODHA 📊 Sector: Construction 📊 Industry: Construction Key highlights: 💡⚡ 📈 Script is trading near at resistance level which is 1225 keep an eye on stock we may see some rally. ⏱️ C.M.P 📑💰- 1127 🟢 Target 🎯🏆 - 1293 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered...
The stock is at an ATH. It looks good for an entry above 818, ascending triangle in formation in Daily. The stock is strong in Monthly as well, it has broken out of a Triangle pattern and then moving up strong after pushing all the sellers down with buying pressure evident.
After a very good uprally from it's demand zone, lodha has yet again came at a very good support of Fibonacci so a good upside can be expected. Good for very short term
NSE:LODHA One Can Enter Now ! Or Wait for Retest of the Trendline (BO). Note : 1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle. 2. Close, should be good and Clean. 3. R:R ratio should be 1 :2 minimum 4. Plan as per your RISK appetite Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose!
NSE:LODHA One Can Enter Now ! Or Wait for Retest of the Trendline (BO). Note : 1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle. 2. Close, should be good and Clean. 3. R:R ratio should be 1 :2 minimum 4. Plan as per your RISK appetite Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose!
i have drawn perious waves, to understand how the stock moved. plus the rectangle figure is the range for the breakouts. i have even put the moving averages for your analysis . (red one- 50MA, blue one - 100MA).
LODHA is looking Bullish if sustain above 1300 on closing basis will touch 1350-1400-1450-1550 in coming days, as follow 1:1 SL as safety point
Macrotech Developers. (Lodha) Breakout is seen on the chart. May move higher as the realty sector is also in an uptrend. View invalid if moves below 1030 or below the trendline drawn. Note: only for educational purposes. Not a buy/sell recommendation. #stocks #stockmarket #analysisonly