This stock seems to have break out with good volume. Will be interested for the ones who like break out stocks :) I have kept long stop loss just to beat the fake outs. Fingers crossed!
#SYMPHONY NSE:SYMPHONY CMP: 929.20 TP: 1090 // 1175 SL: 868 TF: <6m RR > ~2.6 times Return > ~17% SYMPHONY BAJAJELEC BUTTERFLY CGPOWER CROMPTON PGEL WHIRLPOOL IFBIND STOVEKRAFT TTKPRESTIGE Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful....
Entry in Stovekraft can be taken after a closing above 700. Targets will be 741 and 800. Keep a stop loss at closing below 638. Stove Kraft is a company manufacturing home appliances. Negatives of this company are expensive valuation as the stock trades at a PE of 43.8. Increasing pledging of promoters and declining cash flow. Positives of the stock are that Stove...
i am waiting for a breakout by stove kraft, but it touched its major downtrend line, and now its gainig momentum(since, there are larger bars in the volume). by the way, if you look the trend line from its IPO time(drawn in larger black line), the stock is sitting at the least point(support line), so if you are waiting for a breakout or not, you can still buy the...
Wait for up-side breakout of sideways consolidation.. previously we seen 30-35% rally, so we may predict around 20% upside on breakout.