PARAGMILK
#PARAGMILK - Seems to be a nice buy at current levels#PARAGMILK
Seems to be a nice buy at current levels.
Consolidation near support and back inside the old parallel channel.
Forming higher lows and higher highs on lower timeframes. I think this eventually goes to new ATH in coming months.
Buying here at CMP i.e. $217.90 with SL of ₹187 and Targets of 234-268-317-357
#DoYourOwnResearch before investing
PARAGMILK Swing Trade SetupThis will be my personal trade Setup, This is not an advice of any kind to initiate trade according to this setup. This is for only for my learning purpose and maintaining my trading journal.
PARAGMILK is in downtrend from 2018 and Forming Descending Triangle and broke trendline resistance with good volume.
CMP is 112.30
Nearby Support is at 98.
Nearby Resistance is at 128.
Not Defining any targets or SL just posting views of stock charts which are looking good for trade setups.
Always do your analysis and trust your own analysis.
PARAGMILK : Stock AnalysisPARAGMILK declining
Weekly: its declining since many weeks and making LH LL pattern
Daily : Tried to go up but after forming double top its rejected and now trading near resistance zone. its trading in triangle pattern.
Hourly : Formed mother candle and now trading inside it. whenever break UP/Down side its good to enter trade.
Our daily zone is near 88-92 and can go till 126-130 if able to break up side. So best R:R.
Study at your end this is just my personal view and it can be wrong 100%
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
First Learn and then remove "L"