FMGOETZE trade ideas
FMGOETZE - for long term - potential multibagger StockFMGOETZE - for long term can be 10X or multibagger stock.
Buying range 370 to 276
Stop loss 220.
Few targets to monitor :-
405 , 540, 637 742 +
Please comment if you wish to see my analysis for any stocks.
Please do your due diligence before trading or investment.
Thank you.
FMGOETZE | Why I am Entering this Trade | My Target and SLFMGOETZE: Key Insights and Trading Opportunities
In this detailed analysis, we will delve into the examination of FMGOETZE, a company operating in the highly dynamic and evolving sector. By leveraging a range of fundamental and technical factors, we aim to provide a comprehensive assessment of FMGOETZE's current standing, potential growth prospects, and potential trading opportunities for investors.
Reasons:
1. VCP
2. Supply Exhausted
3. Inverted Head & Shoulder Breakout
4. Fundamentally Strong
5. Rerating Candidate
FMGOETZE Swing Trade SetupThis will be my personal trade Setup, This is not an advice of any kind to initiate trade according to this setup. This is for only for my learning purpose and maintaining my trading journal.
Swing Trade.
FMGOETZE Broke almost 2 and half year resistance with good volume support and marubozu like candle (with very little wicks) on weekly time frame.
CMP: 368.45
Nearby Resistance is at 410.
Nearby Support is at 315 (Stop loss) also.
Targets will be:
1st Resistance Level where i will book half. (410)
2nd Resistance level 462.
Goldencross series PT-4:Auto ancillary *Golden cross strategy is one of the best strategy used for long term investing.
*After long consolidation it gets rebounded from 200EMA which indicates buyers want to take the dip.
Follow the FIVE rules below: 👇
1) Book 50% profit at TP-1
2) Book whole profit at TP-2 or wait for death cross and book whole profit when happened
3) Stoploss is when death cross happened
4) Wait as long as it hits TP as it is sluggish but strong bullish strategy.
5)Study the price action yourself.
Federal-Mogul Goetze India - Demand at 200 and Supply at 360Context - Dropped 65% to 200 in 2022 after 20x Up to 600 in 2019
In June'21 supply emerged at 360
Move up to 330, once demand appeared at 200 in Dec'21
Plan -
to Purchase Breakout above 360
or, rejection indicators below 260
PB 2x; PE 29x; ROCE 9%
Buy Today, Sell Tomorrow: FMGOETZEDON'T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Book profits within the first 30 minutes of the market opening
- Try to exit by taking 3-5% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
- SL can also be maintained as 1% or closing below the low of the breakout candle
The levels mentioned on the chart are calculated using Breakout Indicator
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Resistance Breakout in FMGOETZE
Buy Today, Sell Tomorrow: FMGOETZE