The current view on NSE: TALBROAUTO is bullish. The analysis is done from the macro to micro time frame. Monthly, Weekly, and Daily timeframes were taken into consideration respectively.
The volume is at play here. On bullish days the volume is too high and during consolidation and bearish days, the volume is too low. Clearly there is a bullish interest in this stock. Also, the stock happens to move in a channel.
Targets are shown on the screen along with the stop-loss level. I suggest you trade at your own risk after doing your own analysis.
Trade Status: Active
Comentário
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The stock has achieved the Target 2 successfully. The stocks levels respected the support levels perfectly and bounced from there only achieving both targets 1 and 2 completely. One may see a minor correction at this level before reaching the 3rd Target. One may also think about booking profits (full or partial based on their analysis).
Trade fechado: objetivo atingido
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And the final target is also achieved. Today the stock made a high of 167.95 and with that the HIGHLY OPTIMISTIC TARGET is achieved. Have a close look at the volume for the past few days. After the breakout from Target 2 supply level, the volume is just too much.In my opinion, this stock will be able to achieve the levels of 197, 225+. From the day of the first analysis, the stock has given a whooping return of 52% approx. Try your own analysis as well, but this stock is still having bullish sentiment for me.
my suggestion is to try to select only one target because when you cross first target then there must be some retracement happens and sometime in fear you just cut down your position and after that the stocks goes on high that's why i am saying just decide one target and wait for that and also trail stoploss time to time so here a good target will be 132(you mentioned as your second target)
have a good journey
mcpriceaction
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@harshalpatil208, gud analysis by nisar do agree stock is under parallel trend line if remain then upside pullback can be seen, agree with harshalpatil that always set small target as in the market swing can be seen any direction either because of bad news /rumors etc.
here in this can trend is your friend otherwise its your end
stay tune on mcpriceaction
nisargsojitra
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@mcpriceaction, @harshalpatil208 I agree with both of you that there can be a retracement for profit booking. In my opinion, after achieving the desired target, we can book partial quantity (50-60%) and then hold the remaining with Stop Loss set at the achieved target. So we can aim for a higher target as well with no fear of losing money.
Scorpion_King
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@nisargsojitra, perfect.. golden rule.. following same..
Scorpion_King
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Target 150-160 in med term and 200 long term..!!
Good to look near 110-120 range for med to long term investors..