Darvas Box Strategy - Break out Stock - Swing TradeDisclaimer: I am Not SEBI Registered adviser, please take advise from your financial adviser before investing in any stocks. Idea here shared is for education purpose only.
Stock has given break out. Buy above high. Keep this stock in watch list.
Buy above the High and do not forget to keep stop loss, best suitable for swing trading.
Target and Stop loss Shown on Chart. Risk to Reward Ratio/ Target Ratio 1:2
Stop loss can be Trail when it make new box / Swing.
Be Discipline, because discipline is the key to Success in Stock Market.
Trade what you See Not what you Think.
SBCL trade ideas
SBCL setting out for good short to medium term upside.SBCL can possibly give an approximately 15% up-move if crossed 618 with a strong candle supported by good volumes as retest of the rectangular base breakout is done and now is the opportunity for safe entry. Though first entry was at 562- 565 zone at consolidation breakout. Volumes, momentum are good an RS is improving.
** Might face some Resistance @ 626-631 zone and 680. caution needs to be exercised at these levels.
** Aggressive entry can be made @ 609 but 615 level poses a strong resistance, hence risky.
Round Bottom Resistance BreakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
SBCL (Shivalik Bimetal Controls Ltd)Stock is in Ascending upward channel pattern. One can plan their trade as per their risk appetite. This post is only for education purposes.
Please note - Am not SEBI registered. This is not a call or trading recommendation. Please do your own analyses for any positions.