SOTL-A Monthly VCP Breakout & Retest candidate, 30% ROI
Updated
Expecting ROI - 30%
As mentioned in multi time frame analysis charts,
1) Monthly 6 year old VCP Breakout, Retest done , consolidated for 2 months,
now ready to move out of the consolidation zone.
2) Compressing at major supply region with minimal
sellers strength
3) Expecting BO soon, SL at prev week low.
As mentioned in multi time frame analysis charts,
1) Monthly 6 year old VCP Breakout, Retest done , consolidated for 2 months,
now ready to move out of the consolidation zone.
2) Compressing at major supply region with minimal
sellers strength
3) Expecting BO soon, SL at prev week low.
Comment
Exited SOTL with a small SL as the 75 minutes Price action doesn't look good. 500 - Round number reaction has occured.Comment
Shall wait for a reversal price action before making any fresh entry.Comment
The stock has zoomed post picking demands at 460 region.Comment
The stock is holding strong amidst war and other negativity in markets, Entered at a reversal spot - 559, SL 539, Targets minimum 20%. Highly bullish in the short term.Comment
May punch an exit at 640. Based on yesterday's candle.Disclaimer
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