ROHLTD "Monthly Breakout Analysis"
Hello Traders !
The above analysis was done on a "Monthly" basis, the holding period may take a few weeks or months to reach the targets.
Trade Setup and Analysis :
In monthly time, we can see an ascending triangle pattern on the above chart, as well as a Cup and Handle structure, which I have highlighted in the image below; both patterns were bullish in most cases.
Since July 22, the price has risen nearly 175%. I was expecting some consolidation in this region, which could last one or two weeks before the price shoots up further or it may corrects to the 210-220 level.
FII/FPI have increases holding from 3.79% to 4.24% in September'22 Quarter.
Trade Level :
Buy Level : 255 -260
Target : 510
Stop Loss : 175
Happy Trading
The above analysis was done on a "Monthly" basis, the holding period may take a few weeks or months to reach the targets.
Trade Setup and Analysis :
In monthly time, we can see an ascending triangle pattern on the above chart, as well as a Cup and Handle structure, which I have highlighted in the image below; both patterns were bullish in most cases.
Since July 22, the price has risen nearly 175%. I was expecting some consolidation in this region, which could last one or two weeks before the price shoots up further or it may corrects to the 210-220 level.
FII/FPI have increases holding from 3.79% to 4.24% in September'22 Quarter.
Trade Level :
Buy Level : 255 -260
Target : 510
Stop Loss : 175
Happy Trading
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.