CHOLA - Parallel Channel & Retest

١٧ مارس ٢٠٢٣

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

٢٩ مارس ٢٠٢٣

ملاحظة

Strong support at ema 200.

٣١ مارس ٢٠٢٣

ملاحظة

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

٦ أبريل ٢٠٢٣

ملاحظة

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

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

٢٧ أبريل ٢٠٢٣

ملاحظة

Flag Breakout

٤ مايو ٢٠٢٣

ملاحظة

impeccable return of 25% in 2.5 months.

trail the stop loss.

٥ مايو ٢٠٢٣

أغلقت الصفقة: تم الوصول للهدف

Target of Rs 980 achieved.

Re- entry level will be above Rs 1000.

١٨ مايو ٢٠٢٣

ملاحظة

Re-enter with stop loss below Rs 1000.

٣٠ يونيو ٢٠٢٣

تم فتح الصفقة

Three white soldier !!