MUNJAL AUTO IND. LTD.
Long
Updated

MUNJALAU NSE RBC&H BO WTF/MTF SWING/POSITIONAL

152
MUNJALAU STOCK Analysis

TRADE PLAN
ENTRY -118- 133 50% Qty, Add 50% qty 147 DTF Close
SL -107
TARGET --01-154 Swing , TGT02--178
Hold For a 1-2 Year or TGT 2

Chart Pattern :
STOCK had a formed a 6Y6M RBC and Handle of 8M.

INDICATORS EMA :
The Price is consistently Trading above 50EMA 4-5 Months on DTF, and 200 EMA to 21EMA are aligned in DTF/WTF .

FIBO/E :
Currently the price is above 23.6% FIBO Retracement Level, Early Entry can be take as per your risk ability. Safe Traders Enter above 147.

Volumes: There is a uptrend in Volume on the Weekly Charts for recent 3 Weeks and after the Pullback.

Keep in your Priority Watch List

Disclaimer: For Education/Reference Purpose Only, Trade at your Own Risk with correct position sizing and SL based on your Risk apetite (Exit when price closes 7to8% below your Entry).
Trail Your SL progressively. Learn/Know and Review the Stock trading Technical Terminology. Check Verify the Financial fundamentals of the Stock and Seek Advice from a Certified Financial Advisor prior to Investing. Prefer Entry with 25% quantity, Add in Tranches of 25%-50% as prices moves upwards recommended.

MTFA- Multiple Time Frame Analysis
DTF -Daily Time Frame
WTF-Weekly Time Frame
MTF- Monthly Time Frame
ATH-All Time High
LTH -LifeTime High
RBC&H-Rounding Bottom Cup/Handle
BO- Breakout Close
EMA -Exponential Moving Average
FIBO R/E -Trend based Fibonacci Retracement/Extension
SL Stop Loss
TBD- To be Decided
CHoCH- Change of Character Bullish/Bearish
MSB/BOS -Break Out Structure
FVG Fair Value Gap
20VMA -20Volume Moving Average
SWING/POSITIONAL Trade
Trade closed: stop reached

Disclaimer

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