Long

Updated

SWING IDEA - SUTLEJTEX

Stock has completed its Lower Low Formation and the new Higher High Higher Low is in play currently.
MACD is also about to make a crossover, which could indicate a good momentum upward in the coming days/weeks.
In addition, the stock has seems to be following the Trendline as marked. This could also start acting as Key Support in the coming weeks.
If everything goes as per plan, we can see the stock crossing the next 2 S/R zones as mentioned in chart.

Trade active

Note

MACD Crossover is coming into play. Stock did a high of 9% today.

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Achieved max 12% Profits so far.
Trade seems to be going exactly as expected.
Could hit targets sooner than expected.
Keep a close eye.

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Stock is currently getting resisted at the 65 levels. It must successfully break from this zone, in order to rally upward.

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Finally some move and stock is trying to break the 65 levels.

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Achieved max 18% Profits so far.

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Back again at our 65 zone. :(

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Achieved max Profits of 20% so far.

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Achieved Max Profits of 24% so far. Keep holding.

Trade closed: target reached

Trade Completed. Target Achieved.
Total 29% Profits booked.
Time Taken = 9 weeks.

Congrats to those who made good profits with this Trade.
This is how perfectly Price Action can mint you money when done right.

Trade can still be held on based on your Risk Management as the momentum still looks strong and it is possible that the Stock can go further upward.

Follow for more such Ideas!
Comment any Stock that you want me to take a look into and share insights.

Kudos!!

Trade closed: target reached

Achieved 32% from our Entry Zone. Congrats to those who still held on to this trade and booked even more higher profits.

thepranam

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thepranam

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