SWING IDEA - MAPMYINDIA (C.E. INFO SYSTEMS)
Updated
MapmyIndia (CE Info Systems) presents a compelling prospect for swing traders. Combining innovative technology with mapping solutions, MapmyIndia has established itself as a leader in the navigation and location-based services industry.
Reasons are listed below :
Target - 2042 // 2250
Stoploss - weekly close below 1600
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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
Reasons are listed below :
- The 1600-1700 range, once a challenging barrier, has now transformed into a strong support level.
- A Dragonfly Doji on the weekly timeframe hints at a possible reversal, underlining changing market dynamics.
- The presence of a Bullish Marubozu candle on the daily chart signals sustained upward momentum, offering clear direction.
- Supported by the 0.5 Fibonacci retracement level and the 50-period Exponential Moving Average (EMA) on the weekly chart, indicating a robust technical setup.
- Stock has been consistently making higher highs, reflecting a trend of increasing bullish momentum.
- A notable increase in trading volumes validates growing market interest, strengthening the bullish case.
Target - 2042 // 2250
Stoploss - weekly close below 1600
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
Trade active
PRICE MADE A HIGH OF 4.7%++ FROM OUR BUYING PRICE.Note
More confirmation in this trade as it formed a MORNING STAR pattern.Note
Price made a high of 9.3% ++Note
Price Made a high of 13.77%, hold for targets.Trade closed: target reached
1st target achieved 18.2%++Momentum seems strong, we can hold for further targets
Note
consolidatingNote
2nd target achieved : 38%++Note
made a high of 57%++
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