CHOLA - Parallel Channel & Retest

17 Mar 2023

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

29 Mar 2023

Not

Strong support at ema 200.

31 Mar 2023

Not

perfect set up, the gap created during breakout - filled.
strong support at 200ema and price closed above trendline & ema 20 | 50.

6 Nis 2023

Not

price broken the yearly resistance at Rs 800 with Breakaway Gap.

support will be at Rs 796 (trailing stop loss).

27 Nis 2023

Not

Flag Breakout

4 May 2023

Not

impeccable return of 25% in 2.5 months.

trail the stop loss.

5 May 2023

İşlem kapandı: hedefe ulaştı

Target of Rs 980 achieved.

Re- entry level will be above Rs 1000.

18 May 2023

Not

Re-enter with stop loss below Rs 1000.

30 Haz 2023

İşlem aktif

Three white soldier !!