This stock came to my attention somewhere in April 22. Since then I was waiting for this stock to break high made on 3 April 22. 2 weeks before the stock gave closing above 189 then came down to test the support and last week again gave breakout. Now the stock looks like to give up move once again. The targets as per Fibonacci are as follows
CMP - 193 (26/8/23)
T...
Trendline Breakout
Formation of HH,
HL in process
Trade with Stop Loss (slightly below 134.5)
Entry @ current price (138) or 137
TP levels as per fib levels
Trail your stop loss
1- Series of HH, HL --> Bullish Trend; Dow Theory
2- Above Trendline Support
3- Every time it hits trendline support, it takes upside movement
4- Biased: Bullish
Buy @ 160.8
SL @previous HL: 145.75
TP1 @ 180.5
TP2 @ 187.5
Trendline resistance breakout. (Confirmation of false breakdown)
Setup is ready for long.
1- Series of HH, HL --> Bullish Trend; Dow Theory
2- Above Trendline Support
3- Every time it hits trendline support, it takes upside movement
4- Biased: Bullish
Buy @ current level (164.4)
Buy after retest of trendline (162), confirmation of HL
Tight SL @ 153.25
or...
TADAWUL:2082
- Symmetrical Triangle Pattern (VCP) with tightness candle weekly or daily.
-High Relative strength compare to TASI .
-Many breakouts with high volumes, as shown in the chart.
-If it breaks resistance, it will probably be a good chance for a long position.
- 3 July 2022 will be Earning call. You should be cautious.
-You need fundamental analysis...
Its been going higher and higher but now its time for some rest, a retest of support zone is expected soon and that will be buying opportunity. Also we can see a bearish divergence on the daily chart. So dont make a mistake of have a FOMO at this time. Market will give you a chance just be patient.
Hit like & follow guys;)
hello,
here as it is shown on my chart the stock is into a critical area: if it is broken down targets are shown on the chart, otherwise if brokn up targets are also shown there,
what you should do is keeping eyes on confirmation of volume importance.
good luck
Hello traders and investors
if you are buyer keep your position, if not try to buy if the highest record is boroken
i tried to put all recommandations on my chart so be carefull.
thank you
NB: Remember that i do not have cristal ball predicting markets future but i try with you to have some idees and know reacting efficiently and rationally
please do not...
