Trade Setup: Weekly: Inverse HnS pattern breakout with volumes (highest volumes since its inception). Broke the longterm trendline (in Red colour). Daily: 20EMA > 50EMA > 200EMA (golden cross). Entry = 615 INR (accumulate until 580 INR) SL = 570 INR Target = 722 INR
Bullish Belt Hold Pattern activate above 600 Close 1 Day Target 630, 660 SL: 570 Close base 1 day Risk is yours and Reward is too yours totally Time Frame : 15 days max
Horizontal Resistance Trendline Breakout
Godrej Agro - riding the bandwagon of Godrej Group. consolidating in a good range of 475-560 for atleast six months now. I would be bullish once weekly closing above 560. Weekly 5/20 EMA Crossover - Tracking quantity can be bought. SL below 475. DISC: Not a SEBI Registered. I post charts for my own study.
Bullish reversal buy @ D level risk reward 1:3
on weakly chart the stock has given a breakout on weakly chart, and after the breakout, it has also retested the channel and is trading above strong support of 530, one may enter the trade with a SL of 525 for the target of 600, 740, and then the sky is open.
the stock has broken out of the channel, seem the stock is poised for a good uptrend.
risk to reward ratio is 1:1 . if anyone interested . high delivery since last few days
Simple Setup Stock falling from Sept 16th 2020 But with low volume. Long wicks at bottom are more. More than 20% of candle body. on 25th Sept touched around 9EMA. Today was a breakout above 9EMA around 504 levels If close today (28th Sept) above 504 then we cn buy for a 20 to 30 Rs move. 15Th candle was the first target. ATR too falling. In the process...
SL compulsory
Godrej Agrovet CMP 655. Stop 610 Target 750 plus Daily Chart 1) Stock has broken out of the long term horizontal resistance line with good volumes. 2) HL and HH formation observed in the process of the breakout. 3) Stock has gone past 30 period EMA propelled by Double bottom (W pattern) setup. 4) RS is at a new high. 5) Stock can retrace a bit to form another HL...