ARIHANTSUP trade ideas
BREAKOUT HAPPENDBreakout happend in this stock with rising 200dma and RS indicator is also showing strength.
Keep your risk and reward ratios according to your own preferance.
This is for educational purpose, do your own research before investing.
ARIHANTSUP1. Anything can happen.
2. You don't need to know what is going to happen next in order to make money.
3. There is a random distribution between wins and losses for any given set of variables that define an edge. No other thoughts
4. An edge is nothing more than an indication of a higher probability of one thing happening over another.
5. Every moment in the market is unique.
ARIHANTSUP CMP 375.Arihant superstructure trading in 52 week high zone .Also consolidating around one year. Now its Weekly MACD line crossed above MACD Signal line also Breaking out Upper bollinger band in weekly candle. Thats a good confirmation for a upcoming uptrend. Add this to your wachlist and see best RISK and REWARD area.Thanks.
Arihant Superstructures LtdTrendline Breakout:
Trendlines are lines drawn on a price chart to represent the direction and strength of a trend.
A trendline breakout occurs when the price moves above or below the trendline, signaling a potential change in the trend.
Fibonacci Support:
Fibonacci retracement levels (e.g., 61.8%) are used to identify potential levels of support or resistance. Fibonacci support suggests that during a price retracement in an uptrend, the price may find support at one of these Fibonacci levels.
arihant superstructures company has made a direct purchase of 25 acres of land at Chowk, off the Mumbai-Pune highway. Hiranandani Communities, Wadhwa Developers, and Godrej Properties have major township projects along this stretch.
The plan is for a low-rise development with 200 bungalows. The project will feature a one-of-a-kind design concept and 2-in-1 living space for the first and second homes.
Ashok Chhajer, Chairman and Managing Director of Arihant Superstructures Limited, commented on the development, saying, "Mumbai is witnessing Delhi-style bungalow living and this is possible due to the excellent infrastructure in place and under development in Navi Mumbai.
After the completion of the Mumbai Trans Harbour Link (MTHL) connecting Mumbai and Navi Mumbai, the project will have the fastest travel time of one hour from South Mumbai."
Arihant superstructures good for swingThis stock has given breakout on daily time frame. so this stock is good for swing trade
1st target =240
2nd target= 264
sp=194
arihant has seen breakout from monthly C&H pattern and setup looks quite positive for medium term outlook. With today's low as immediate support, setup looks quite positive for medium term outlook. Next deeper support comes at 185 level.
Volume analysis looks very very strong and clearly suggests early signs of advanced breakout in the stock. Close above 215 level is likely to trigger further momentum on the upside. Keep a very very close radar for medium term outlook.
Buy Today, Sell Tomorrow: ARIHANTSUPDON'T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Book profits within the first 30 minutes of the market opening
- Try to exit by taking 3-5% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
- SL can also be maintained as 1% or closing below the low of the breakout candle
The levels mentioned on the chart are calculated using the BREAKOUT INDICATOR
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Multiple Trendlines Breakout in ARIHANTSUP
Buy Today, Sell Tomorrow: ARIHANTSUP
