JAGRAN - Swing trade opportunity 20 % ROI
1)The stock is in uptrend in Monthly and weekly time frames.
2)It is in strong consolidation for about 6 months, the stock looks poised for an up move within the zone.
3)The consolidation is happening at 5 year old resistance zone.
4) The upside possible is confirmed through price action, supportive RSI.
Once the stock takes off 121 level, then one can look for 137, 150 for a Mid Term Target.
2)It is in strong consolidation for about 6 months, the stock looks poised for an up move within the zone.
3)The consolidation is happening at 5 year old resistance zone.
4) The upside possible is confirmed through price action, supportive RSI.
Once the stock takes off 121 level, then one can look for 137, 150 for a Mid Term Target.
Comment:
Target 1 of 111 hit. It may retest the trendline again before moving up to 121, price action awaited.
Comment:
19% ROI in 3 trading sessions, my personal trade stands closed as of now. One may consider to trail, there may or may not be a possible trendline retest. Need to wait for daily close.
Comment:
Target 121 done. Heading to 140-150 in short term.
Comment:
Dear all this could be a potential multi bagger in the short term, price has given a great return in a week, I will consider re-entry at 118 levels based on the price action for a short term trade. Targets I am looking for 150, 170 range. That is a 50-70% ROI.