Based on the chart for Usha Martin Ltd (USHAMART on NSE) you provided, here is a trading recommendation:
### Trading Recommendation:
- **Entry:** If the stock price stays above the current level around ₹371.25, as this indicates sustained buyer interest.
- **Target:** ₹476.10 as marked on your chart. This target is based on the resistance level you've indicated,...
USHAMART Good Breakout With High Quality Volume
Buy Above 355
Stoploss Near 280
Target Near 450
Holding Time 2-3 Year
Disclosure : I am not SEBI registered.The information provided here is for education purposes only.I will not be responsible for any of your profit/loss with this channel suggestions.Consult your financial advisor before taking any decisions.
Looking good as the weekly candle is almost nearing Gann levels @ 361 which should be a safe entry
Overall a good structure and seems like a next leg of rally would start soon above 361
Following 200 Sma Beautifully Should look this script in every Down move when it touches its magnet.
Gratify if you appreciate the practice then you can like it, share it and
If you want me to investigate any chart for you then would cherish doing that for you.
Thank you for your time and support.
Stay safe.
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%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Look over the chart, and enter if the resistance zone breaks (Blue channel).
Make positions in tranches.
Fundamental investors may buy in support (Green zone).
**IT IS A LONGTERM IDEA**
Follow below FOUR rules:
1)Book whole profit at the target price if you want.
2)Follow strict stoploss.
3)Use supertrend indicator as trailing stoploss if you want to ride the momentum and sell whole quantity once it hits the supertrend.
4)Wait as long as it hits the target price.(consolidation is more strong).
...
USHA MARTIN - Wolf (elliot) wave
Confluence of wave 1 & wave 4 indicates a strong resistance at 143 levels.
So 143 remains our short term target.
NOTE - Wave length calculated on the basis of Fibonacci.
Observations:
1) Sell volume has dried up
2) Pocket Pivot buy triggered on Daily Time frame
3) Support taken at 200MA.
4) CE and XTrend positive.
5) QQE mod on green
Conservative Trader can wait for pullback and re-enter. Target 160 levels are previous resistance.
