IPO based strategy
also Darvas Box Stratgy Break out given
RSI above 60 Daily and weekly Monthly 57 (can consider as above 60)
EMA in line (200 EMA not yet formed)
support darvax box low 151
expected level IPO price 296
if sustain above IPO level then more upside
Breakout happend in this stock with rising 40 week MA(200 dma) and rs indicator is also showing strength.
Keep your risk and reward ratios according to your own preferance.
This is for educational purpose, do your own research before investing.
After consolidation of Monts Finally Suryodaya has given a breakout and we can see the Volume is also on higher side, Since the Listing of the stock it was in downward direction, and from past year Stock is now in its bullish Run We can see a good upward move.
Disclaimer: I am not SEBI Registered; this is not a recommendation. Analysis shared for educational purpose only.
The stock is in up trend in Monthly , weekly.
The Weekly and Monthly RSI are fantastic, just moving above 60 on the way after touching the lower band at 40.
The weekly has given a multi year breakout, has just broken the supply range at 190.
I would consider an entry at 188 zone - Retest and look for 225 as swing trade target . 25 %
For an Investment, I would...
SURYODAY SMALL FIN BK LTD: (Swing)
SURYODAY is well set for a 65-75% up move.
Appropriate demand, supply and target zones are highlighted.
Trade offers a RR of more than 1:6.
Note: Do your own due diligence before taking any action.
Stock name = Suryoday Small Finance Bank.
Daily chart setup
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling recommendations. I am not...
Long can be initiated at open if price opens within 1%-1.5% range and SL can be kept at 99. Here also huge buying has been seen before some days hence there are chances that channel lower side will be intact
