SHARDACROP - 11-months range breakout with huge volumeSHARDACROP gave 11 months range breakout with huge volume. Showing strength during the heavy sell-off.
SHARDACROP
SHARDACROPCHEMThis stock has formed cup and handle pattern with accumulation since 3 years, Now it's a verge to break the resistance trendline which is top of the cup and handle chart pattern, breaking above 375 can be a good impulse beginning towards north. One can go Long on only closing above 375.
Key Levels are Mentioned on chart
Cup and handle pattern
Macd in monthly bullish and Uptick
Macd in weekly positive crossover and Uptick and also above zero line
Macd in daily positive
Rsi in Weekly Uptick and also Breakout
Rsi in daily
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult your Financial advisor before trading or investing
SHARDACROP - Multiple Patterns breakout - Swing TradeThe above analysis is done purely based on price action and chart patterns.
The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets
Logic as well as the trade setup is shown in image itself.
Entry can be made between the range of 285-295. SL and Targets are shown in image itself.
The above analysis is purely for educational purpose. Traders must do their own study before entering into any trade. Traders must trade as per their own risk taking capacity and money management.
Feel Free to comment for any queries regarding the above stock or price action analysis in general.
Also check out my other ideas to understand how price action works and how it can be used to make regular profits without any complex strategies.
