RVNL Bullish; above 177 on Monday 11 Dec.

Güncellendi
The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below...

SWING Trading Strategy:

Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)

INTRADAY Trading Strategy:

1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within five to 15 minutes. "High Risk Traders" buys in hope of another 2% upmove intraday.
"High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also

2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage").
Safe traders with minimum risk profile may Wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage

3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.

Both Safe Traders/High Risk Traders book profits at this stage

Stop Loss: @ "Open" price of the day OR "Breakoutprice"

This do not constitute, financial, investment, trading, or other types of advice or recommendation.
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CMP (176) below trigger price of 177 Rs...
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triggered @177 now
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Momentum expected above 179 Rs
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178.70 Rs now.. 1% up
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Broken above 179 Rs
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180 Rs now
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Intraday Resistance @182 expected... for swing trades, it looks like a minor one
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weakening momentum... no issue for swing trades
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intraday momentum on the up is expected only above 179.5 Rs
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nearly 2 hours of consolidation and gaining momentum now (only if above 179.5)
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finally some upmove @ 180.5
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65% in 5 weeks!!
Chart PatternsTrend Analysis

Feragatname