SAREGAMA:NSE ATH+RBC 3Y-8M BO on DTF/WTF/MTF PositionalSAREGAMA Analysis WTF
TRADE PLAN
ENTRY -580-590
SL -550 DTF CLOSE
TARGET -01-817
Hold For a Year or TGT
Chart Pattern :
SAREGAMA has a clear 3Y-8M RBC&H completed
STOCK has recently broken its ATH of 581 forming a 3Y-8M RBC&H on the DTF/WTF/MTF. Pullback to form a Handle completed.
INDICATORS EMA :
The Price is Currently Trading above 20EMA, and 20EM crossed above 50EMA in DTF in Last Week of Sept. STOCK EMAs are currently aligned in a ascending order 200 to 20 indicating a bullish Trend on DTF/WTF/MTF.
FIBO E :
After the Bounce-back from 50% FIBO/R Level, Price is currently trading near the 50% FIBO/E level of 597 on DTF Impulse uptrend with Bullish ChoCH at 550 on DTF
Volumes: There is a uptrend in Volume on the Weekly Charts for3 Weeks after the BO & Retest..
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
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
SWING/POSITIONAL Trade
