Hello everyone, I am Kalpana Burman, this is my first trading idea on this platform. Please do like, follow and support me so that I can work harder and give better ideas to this community. Also, please feel free to engage in the comment section.
Analysis:-
As this stock has retraced at 61.8% from its low, this can act as strong resistance for the stock. For upside, the stock has to move above 1520 levels and hold above it for 1603 levels.
Plan A for upside - Wait for decisive breakout and hold above the resistance line.
Plan B for the downside - Wait for a small swing towards previous recent high around 1520 levels and then the breakdown of the channel. Or simply wait for the breakdown of the channel. We will look for divergence in the RSI as well. The easy target is 1427 level and if goes below that then 1328 is achievable. If rejected at resistance, aggressive traders can enter with proper stop and protected trade setup.
Thank you, please do support.
~Kalpana
Analysis:-
As this stock has retraced at 61.8% from its low, this can act as strong resistance for the stock. For upside, the stock has to move above 1520 levels and hold above it for 1603 levels.
Plan A for upside - Wait for decisive breakout and hold above the resistance line.
Plan B for the downside - Wait for a small swing towards previous recent high around 1520 levels and then the breakdown of the channel. Or simply wait for the breakdown of the channel. We will look for divergence in the RSI as well. The easy target is 1427 level and if goes below that then 1328 is achievable. If rejected at resistance, aggressive traders can enter with proper stop and protected trade setup.
Thank you, please do support.
~Kalpana
노트
seems it is going to make new high. Current level 1463. wait for confirmation for any side move노트
Was holding the channel, but T1 achieved easily :) thank you everyone거래청산: 타겟 닿음
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이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.