there is a good consolidation period from march 23 to july 15 and there is a good
break out with strong volume and wide range green candles. ABCD pattern which can give
good risk to reward ration and if there are good buying conformation i would like to enter
Detailed analysis of the scrip - explained everything on the chart with marked levels.
Potential Breakout Candidate. Day close above 3150 zone might bring a TRADE OPPORTUNITY with favourable RRR.
Do your analysis.
The purpose of this analysis is mainly to give an idea for swing trades to beginners.
Those who struggle to find good swing trades due to lack of knowledge of price action or due to lack of time for chart reading, can follow this simple strategy.
Brief points -
Prepare a watchlist of 10-20 good stocks from different sectors (preferably top 2-3 companies of...
Price and volume has yet to confirmation in which direction the stock shall move but formation of H&S has been completed. Stock may be shorted if price closes below the shown support levels. Will update on SL and Targets
the stock is in advancing phase.. on 12th aug it came near the support level & form a neutral candle pattern and though today it showed a
bearish sign with inverted hammer but i didnot go below the trend line and ema 20 is also respecting the trend . if tomorrow it can close above the today's high then it may touch the resistance 1621 which is the last swing high...