CHOLA - Parallel Channel & Retest
The stock analysed on following parameter :
- Parallel Channel Breakout.
- Area of Confluence : the price retest breakout level and now resistance level acting as support.
- Fib Level : price retrenched to 50% and uptrend signal visible.
- EMA : price above all key moving average.
- Candle Analysis : Doji follow up with Bullish Candle from retest level.
The short term resistance level will be Rs 800 and stop loss can be placed below support level.
Thanks
-AJ
- Parallel Channel Breakout.
- Area of Confluence : the price retest breakout level and now resistance level acting as support.
- Fib Level : price retrenched to 50% and uptrend signal visible.
- EMA : price above all key moving average.
- Candle Analysis : Doji follow up with Bullish Candle from retest level.
The short term resistance level will be Rs 800 and stop loss can be placed below support level.
Thanks
-AJ
Nota
Strong support at ema 200.Nota
perfect set up, the gap created during breakout - filled. strong support at 200ema and price closed above trendline & ema 20 | 50.
Nota
price broken the yearly resistance at Rs 800 with Breakaway Gap.support will be at Rs 796 (trailing stop loss).
Nota
Flag BreakoutNota
impeccable return of 25% in 2.5 months.trail the stop loss.
Trade fechado: objetivo atingido
Target of Rs 980 achieved.Re- entry level will be above Rs 1000.
Nota
Re-enter with stop loss below Rs 1000.Trade ativo
Three white soldier !!
Aviso legal
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