On daily chart, with a good volume, a breakout is being seen. Due to the reason that the monthly RSI is in overbought zone, I have reduced the target, otherwise as per basic rules, target is above 600. You can enter on this candle and wait but wait for the weekly candle to close above the consolidating range. The target is expected to reach till the green box...
This will be my personal trade Setup, This is not an advice of any kind to initiate trade according to this setup. This is for only for my learning purpose and maintaining my trading journal.
Price was in uptrend and then at ATH it was in consolidation from last 4-5 months and broke today with good volume support.
Nearby Support is now 478 which was acting as...
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
Please consider these ideas for educational purpose
Comment below if you are looking for any answers
Bearish Harmonic Pattern Established, possible targets mentioned in the chart
Disclaimer - This is not a buy or sell advice. I am sharing what I see on the chat & what I am trading, based on my own knowledge & understanding. Please consult your financial advisor before taking any bets in the stock market. I will not be responsible for any profit/loss you incur...
CMP 333.90 | New 52 week high | Good volume | Bullish momentum
*Not recommendation
Kirloskar Ferrous Industries Limited (KFIL) manufacture pig iron and ferrous castings. Business areas of the company encompass Grey Iron castings S.G Iron castings Steel Investment castings and Pig Iron.
*KIRLOSKAR FERROUS IND LTD*
Time Frame : Daily
Observation:
* Cup and Handle Pattern Formation
* Swing High Brake
Resistance/Target: 300 322 345 358
Support : 248 236 200
