SWING IDEA - CHALET HOTELS
Updated
Chalet Hotels is offering a promising swing trade setup, backed by key technical factors.
Reasons are listed below :
Target - 910 // 960
Stoploss - daily close below 760
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
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Reasons are listed below :
- Break of Symmetrical Triangle: The price has broken out of a symmetrical triangle pattern, signaling a potential upward move and a shift in market sentiment.
- Bullish Marubozu Candle on Daily Timeframe: A bullish Marubozu candle on the daily chart shows strong buying momentum, which reinforces the breakout and indicates further bullishness.
- Trading Above 50 and 200 EMA on Daily Timeframe: The stock is trading above both the 50 and 200 EMAs on the daily timeframe, indicating strong upward momentum and a positive long-term trend.
- Volume Spike: The recent surge in volumes supports the breakout, confirming increased market interest and participation in the stock.
Target - 910 // 960
Stoploss - daily close below 760
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
Comment
made a high of 5%+ in a day!Trade closed: target reached
1st target achieved : 10%++Disclaimer
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