Sort of Cup and handle pattern breakout in KARURVYSYA. Both price and volume breakout are indicating a bullish movement in the upcoming days. Look out for a long position in this stock.
KVB EQUITY levels ...28/06/2021 (D candle)
Good price action support. Expecting bounce. Levels for target and SL given.
Symmetrical pattern Stock already in buying zone Point to be noted Favourable risk reward setup One can generate buying opportunity as mentioned in the chart ... Please do your own analysis before taking a position.. I'm not sebi registered #swingtrade #triangle pattern
This study/Idea is not for trade, please consult your financial advisor before actual trade execution. My Setup: Buy - CMP (55.90) SL - 49.6 Target - 10%+ from CMP Timeframe - 3-4 months approximate
Let's see step by step analysis First price action : Area arnd 58.75- 58.8 is a support where stock was able to form a base and today formed a good bullish candle with a vol spike Fibonacci Cluster : There are two Fibonacci retracements plotted. (1) By taking 53.55 as swing low & (2) By taking 42.1 as swing low. So 50% retracement of (1) is exactly coinciding...
Monthly trend line breakout. Expecting 60+ let's see.
Chart is looking bullish and given breakout with volume. Entry Level: 43-45 SL: 40 on weekly closing basis Target: 100+ in 9-12 months
In next few days, IF LTP<35 wait for Support 1 to hit then make a decision, IF LTP>38 go for buy and set Target as Resistance 1 or 2 depends on trend.
BRAKE OUT ABOVE 37 LEVEL OF RESISTANCE WITH HUGE VOLUME. CAN BUY FOR TARGET OF 45 AND 52 WITH STOP LOSS OF 36.10
Buy at CMP. 32.30 Sl 29 Expecting 40