Monte Carlo: Ready for Winter Season Upside?
🚀 Monte Carlo: Ready for Winter Season Upside? 🚀
Current Market Price: 921
Stop Loss: 720
Target: 1276
Monte Carlo, one of the most profitable companies during the winter season, is showing strong technical signs of an upside move:
Rounding Bottom Breakout: A potential breakout above 950 signals strength.
Triple Testing at 908: The stock has tested this level thrice, forming a solid base.
VCP Pattern Formation: A small Volatility Contraction Pattern at 908 adds further confidence.
📈 Why Monte Carlo?
Seasonal demand aligns with bullish technicals.
A proven performer in the winter apparel sector.
📉 Risk Management Tips:
Build positions staggeredly to mitigate risk.
Keep an eye on the 950 breakout level for confirmation.
📉 Disclaimer: As a non-SEBI registered analyst, I recommend conducting thorough research or seeking advice from financial professionals before making investment decisions.
#MonteCarlo #WinterSeason #TechnicalBreakout #RoundingBottom #VCPPattern #InvestmentOpportunities
Trade closed: stop reached
STOP LOSS HIT
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.