1. This stock is trading in a channel pattern for many months. 2. Support and Resistance are increasing gradually for many months. 3. Currently trading below 200 moving average. 4. Ideal candidate for long-term (10 years) SIP investment - buy one stock every month, irrespective of price. 5. Now, trading at the support price of the channel and likely to reverse and go up. 6. Channel height is around 15%. I've verified at different dates, specified in charts. So, if you want to quick money, go for swing trading with a 15% target. 7. Date range between support and resistance is around 60 trading days - close to three calendar months. 8. With this logic, if we enter now with a target of 10%, then we can exit in 60 days @ Rs.2700 9. Entry and Targets are specified in charts.
Note: I'm not recommending buying this stock. This is for education purposes. This is my view, based on my learning. Please do not trade without your own conviction. Please invest after careful research. I'm not responsible for your profits/losses.
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.