TRADE PLAN (DTF Close Price for SWING /POSITIONAL) ENTRY - 1413 50% Qty, Add 50% qty 1482 DTF Close SL - 1320 TARGET --01- 1482 SWING , TGT02--1624 Hold For a 6M -1 Year or TGT 2
Chart Pattern : STOCK had a 3Month Streak to Touch an ATH of 1639, Retracing to 50% FIBO Level forming a Bullish Flag Pattern.
INDICATORS EMA : The Price is Currently Trading near 50EMA, and 20EMa below 50EMA in DTF. STOCK EMAs are currently in Transitional stage of alignment where this week an. 8%+ price rise with reasonable Volumes indicating start of a bullish Trend on DTF/WTF.
FIBO/E : Currently the price is above the 38.2% FIBO Retracement Level, Early Entry can be take as per your risk ability. Safe Investors Enter as above .
Volumes: After the surge in volumes in the past 3months There is a muted in Volume on the selling side of the Weekly Charts after the 4 weeks Pullback. Results a=for the Quarter are due next week.
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Disclaimer: For Education/Reference Purpose Only, Trade at your Own Risk with correct position sizing and SL based on your Risk appetite (Exit when price closes 7to8% below your Entry).and re enter when trend reverses... 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
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