ALBERTDAVD trade ideas
ALBERTDAVD17.02.24
Overall the stock is respecting 50 DMA in Stage 2 journey and showing calmness in the base formation.
Base 1a took bit longer time but portrayed all good qualities of VCP on a daily tf for initiating trade.
Overall stock showed 122% of advance in stage 2 and expecting more to come based on overall structure it has been forming (its a interpretation not prediction).
Albert David-Nice BreakoutAlbert David-Nice Breakout
Capital to be deployed- 20k
Investing Price -708-712
Breakout Price -706
Stoploss -637
Targets -863-982-1094
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ALBERT DAVID 1:3 RR TRADE 🔥NSE:ALBERTDAVD price action structure is drawn on the chart above.
After breaking out 2 times prior to the current breakout, price went into consolidation mode without giving big momentum.
This is the 3rd time price is breaking out of the structure. A trade can be taken in view of price releasing big momentum in the coming weeks.
Targets: 750/800/900+
Sl- below 625, trail accordingly.
It is important to note that price can again go into consolidation mode as anything can happen in stock market. Our analysis are just as good as 2ng guessing. Hence, follow risk management. HAPPY TRADING!