Spencers has entered into a Wolfe Wave Pattern,
How to Trade Wolfe Wave and whats the target ?
- Its already shown in the chart image
Next target can be 92 and 102 by Feb'24.
Hold with a stop loss of 69 on day close basis
DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and...
NSE:SPENCERS
As per today closing stock has generate a nice price volume action Breakout of Horizontal Line Price Pattern which Indicate that in coming days we might see a nice upside towards 120 and if it clos above 120 then it may test it's previous high on 135 on the other hand it has strong support at 105. If we get close below 105Rs then price pattern will...
Spencers CMP - 114.85
Looking bullish in higher time frame. One can go for Positional Trade Setup with the following entry, exit & targets.
Buy Range 110 - 115 / Stop Loss 100
Target 1 - 125
Target 2 - 135
Target 3 - 140
Long Term Target - 200 / Stop Loss 95
Disclaimer: This is my view and for educational purpose only.
Breakout given at 1 day t.f closing above the line..
Good opportunity with good risk reward ratio
Self explanatory chart for educational purpose
I'm not sebi registered
Kindly take advice from your advisor or else with your own analysis
