Prestige Estates , a leading Indian real estate developer, is showing a compelling opportunity for a swing trade. Reasons are listed below : Breakthrough of Resistance Zone : The 1350-1400 range had been a significant resistance zone, but the price recently broke through and achieved a weekly close above it, indicating a strong upward momentum. 0.5 Fibonacci...
Prestige take long entry once it closes above 1566 stop loss 1416 for risky traders, 1470 for safe traders
Shake out candle + high volume . tomorrow candle close will decide the trend
weekly confirmed breakout in prestige.. price will grow more
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The stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby. Risk Reward Ratio - 2:1 SL is placed below the support zone & the lower trendline. The target is placed near resistance.
prestige is ready to give breakout. wait for the daily candle close above the trendline. mention support level in the chart also mentioned 3 Targets for short term. closing above 486 is the safest entry point because there is a monthly breakout also.