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
*Akzo Noble India Ltd*
C&H Formation on Weekly Basis
Strong Price BreakOut & Sustained
Good to Go!!!
RSI: 1H=D>W>M
Trail SL with Upside.
Book Profit as per Risk Appetite.
Do Your Own Research as Well.
Happy Investing 😇
Akzo Nobel:
Another low PE fundamentally strong stock showing strength with RSI over 65 , weekly/monthly candles supported by 1/1 and closing above one of the important box levels.
The stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below support zone & the lower trendline. The target is placed near resistance.
The stock has been trading in a range since the start of this year .
Currently stock is trading near trendline resistance, though it also created good support around 2280 levels.
Stucture of the stock is good on the higher timeframes, hance if it sustains 2280 levels, it could move towards the range upper end i.e 2500 levels and also beyond it up till 2780 levels.
Price is resting at a very key monthly level.
Previous push was from this same level.
Strong fundamentals.
On lower time frames (W/D) price is consolidating, may from a strong base and continue up
In such cases stops are going to be very tight as price is ranging.
I already have a position and it is drawdown
#riskybet
phase c complete, in phase d, showing major sign of strength at the back of ongoing buyback
should cool down to form the last point of support post JAK …
using weiss waves, give a better picture regarding, lack of supply post shakeout in phase b
last 5 years and 8 quarters, growth is very lukewarm in this scrip…
the scrip has gained momentum on buy back...
