USHA MARTIN - Nice ConsolidationUsha Martin is ready for breakout after in nice consolidation in market downtrend
USHAMART trade ideas
watch for resistance breakout in USHA MARTIN1. horizontal resistance
2. lower supportive trendline
3. higher lows pattern
4. rsi convergence
5.volume starts increasing
levels:
risky traders = buy above 59.55
safe traders= buuy above 61
stop loss= 55.5
target= 64 for intraday
this can be taken for swing trade also;as it is making cup and handle pattern on daily time frame
let us see how the things move in coming days
Usha Martin, go longBuy: 56
Target 1: 70
Target 2: 90
Cup and handle with strong fundamentals.
I am NOT a SEBI registered advisor or a financial adviser. Any of my investment or trades I share by me are provided for educational purposes only and do not constitute specific financial, trading or investment advice. You should discuss your specific requirements and situation with a qualified financial adviser.
USHA MARTIN LONGMONTHLY AND WEEKLY RSI ABOVE 60 SHOWING STRONG MOMENTUM
STRENGTH SHOWN IN RELATIVE OUTPERFORMANCE TO THE BROAD MARKET
BULL FLAG PATTERN EXPECTED TO BREAK TO THE UPSIDE SUPPORTED BY A MDRP UP SIGNAL ON RSI
ENTER @ CMP
INITIAL STOP LOSS 49
TRAIL WITH ADAPTIVE ATR OR SUPERTREND ON 120 MIN TIMEFRAME
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USHAMARTIN - Multi-year Breakout and Re-test | Weekly | Swing The above analysis is done purely based on Price action and Popular chart analysis.
The analysis is done on weekly time frame and hence it may take price a couple of weeks to few months to reach the target.
Entry can be made between range - CM to 50/-
SL will be below 36 for safe traders and risk taking traders can put SL below 44-45.
Target is shown in image itself.
Don't run after the price, and always trade based on your study.
Maintain proper risk management.
Also check out my other ideas based on multi-year breakout and other price behaviour.
Feel free to comment or message me for any kind of queries.
