SWING IDEA - MONTECARLOHigher Low Formation.
Trendline Formation.
Looks good to go upto 800+ at least
MONTECARLO trade ideas
Monte carlo - Buy triggeredBuy triggered on Monte Carlo on 21 august
Previous instances are highlighted. Buy ith a SL around recent swing low
BUY at zone - swing pick
ENTRY
- line marked is potential reversal zone ( PRZ)
- entry is strictly inside the zone
- look for buying confirmation in smaller time frame ( 15 minutes preferred )
EXIT
1. target
- mark fib retracement from C to latest swing low
- TGT 1 - 0.236
- TGT 2 - 0.382
- TGT 3 - 0.5 ( preferred target )
2. SL
- candle close below (PRZ)
- if candle close is below zone , this pattern becomes invalid . IGNORE THIS PICK
- RE-ENTRY can be done , if u again get buying confirmation inside the zone
Resistance BreakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
Please consider these ideas for educational purpose
Comment below if you are looking for any answers.
MONTECARLO NSE BULISHVIEW ABOVE 710 CMP 736MONTECARLO NSE is bullish if 710 holds. New 52-week high and new lifetime high. Fresh Breakout. Positive Trend.
Disclaimer: Educational Purpose Only. Not Buy/Sell Reco. Not Sebi Registered.
#MONTECARLO #APPAREL #CLOTHING #FASHION #FASHION #NFT #TRADING #MONTECARLO
NSE:MONTECARLO
NSE:MONTECARLO
Monte Carlo Fashions Ltd.
CMP: 417.95
Target 1: 490+
Time frame: <3months
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
