A nice cup with handle pattern is in play.
It is best to buy at the bottom of the handle to minimize the drawdown and maximize the reward to risk ratio.
The broader view shows, the price is moving in an ascending channel pattern.
Currently price is ranging near 600 which is also at 200 days MA & bottom line of ascending channel.
Strong bullish divergences observed...
💥Avadh Sugar and Energy💥-Nice Breakout
Capital to be deployed- 20k
Investing Price-790-805
Breakout Price-783
Stoploss-630
Targets-1059-1602
RT for max reach
#avadhsugar #stockstowatch #StocksToBuy #StocksInFocus #stocks #StockMarket
NSE:AVADHSUGAR
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio
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...
TRADING COMMUNITY
JOIN US ONLY IF YOU WANT PEACE AND PROFIT IN YOUR TRADING LIFE.
I am not a call provider, not SEBI approved person. All the charts and PnL here are for educational purposes. Consult a professional financial advisor before you invest.
Avadh Sugar has just started it'S upward journey. Price is above 50 EMA in weekly and daily time frame. There is trendline breakout with high volumes with upper bollinger band challenged. All EMAS positive crossover.
Weekly MACD uptick after down.
Daily RSI is in momentum.
CMP 623
tgt 2x
Disclaimer:
All information shared is just for educational purposes.
By no means shall we be accountable for any debits/losses amounting out of it.
We are not SEBI registered Analysts, so please consult your Investment Advisor and take rational decisions.
I have drawn Fibonacci retracement from 154.45 to 394.45.
I have also drawn a Darvas box from Fibonacci retracement level of 1.618 to 1
When in the box, it had a support at Fibonacci retracement level 1 => 394.45 and resistance is at Fibonacci retracement level 1.618 => 542.75
There was a price volume action when the price was entering as well as exiting the...
After a strong uptrend, NSE:AVADHSUGAR formed and flag pole pattern from which it broke out today. Closing is strong and volume looks okay.
Enter 30% of position if it opens gap up and then enter the rest after a dip/retrace.
Stock has consolidated for quite some time so it won't fly in 1 week. Buy and hold for 1-2 months.
Price can again enter into...
Forming a good pattern and retracing at 61.80%. Safe traders enter after the breakout in a day candle. Others can also accumulate from 400 and keep SL below the blue zone.
This scrip is expected to give breakout as it Is expected to breakout trend line and move upward. So traders keep on your radar to catch the momentum and enjoy the profit.
AVADHSUGAR - Volume breakout. Entry, SL, Target updated on chart.
These idea's are not my recommendation. Do your own analysis before making any trade based on this idea.
