Suprajit Engineering , renowned for its excellence in automotive cable manufacturing, stands as a stalwart in the industry, poised for potential growth and value appreciation. Let's delve into the technical factors guiding this promising swing trading opportunity.
Reasons are listed below :
A notable breakout has occurred, as the stock successfully breaches...
Big break out from range. it will be a gud buy. SL will be very small as our rule no 1. Don't lose more than entry reason SL will elephant candle low.
SL 357
TARGET 473
Risk reward ratio and probability is only the holy grail in the market.
Dont lose more than your entry reason.
After a decent move by the Suprajit Engineering, it consolidates for long time & form a symmetrical triangle pattern in weekly basis. If this stock close above the 450 level it may give a good up move near to 650 level & SL should be 420. So keep traking this stock .....
Here we can plan for UPSIDE momentum in NSE:SUPRAJIT
Suprajit Engineering Ltd. engages in the manufacture and sale of automotive and other components. Its products include gear boxes and shifters, lighting, braking systems, throttle controls, linear actuation, display clusters and telematics, control cables, friction products, and universal serial bus...
Hi, everyone..
SUPRAJIT Seems to be Multibagger stock in another 3-4 yr if taken today , with Target expected to 1992 from now of Rs 370 on 25th Dec 2023
SUPRAJIT forming double bottom pattern on daily time frame. RSI is showing the bullish momentum. we can see UP side momentum. its face hurdle around 395--409--422.
Stock showing momentum with good volume technical showing stock in upward trend 📈 but this is a analysis not a recommendation so always remember Stop 🛑 loss and risk management
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
Add in upcoming Watch-list let it build the price-action.
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swing trade take trade when nifty turns bullish swing trade perfect symmetrical triangle short term opportunity for upside take trade after breakout from the trendline according to own risk this is not call just a analysis.
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
SUPRAJIT ENG daily chart giving 1 YR b/o
There is bollinger band blast in daily and weekly chart
Rsi above 60 in all time frame
Adx above 25 in daily and monthly chart
chart has given range b/o from 1 year consolidation
volumes build up seen
nice momentum can come
stocks above all key moving averages
#nifty
# Stock market
🚀Bullish 🚀Suprajit ... Traingle chart breakout alert ..
Very bullish upto 22% 🚀🚀 Upside Momentum ..
Buy Now in big quantity...
TARGET WILL BE 410
Stoploss 315
Plz Note this is not a Investment Call .. plz ask first your financial advisor
