SWING IDEA - ANAND RATHI WEALTH LTD
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Anand Rathi Wealth Ltd, a leading wealth management company in India offering financial advisory services, is presenting a potential swing trading opportunity.
Reasons are listed below:
Target - 4850
Stoploss - daily close below 3990
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
Reasons are listed below:
- 4300 Zone Breakout: The 4300 level has been tested multiple times, and the stock is now breaking out, suggesting renewed buying interest.
- Bullish Engulfing Candle on Daily Timeframe: A bullish engulfing pattern has formed on the daily chart, indicating strong upward momentum.
- Breaking Consolidation Zone of 6 Months: The stock is breaking out of a long consolidation phase, which could lead to a new bullish trend.
- Trading Above 50 and 200 EMA: The price is trading above both the 50 and 200-day exponential moving averages, reinforcing the bullish outlook.
- Volume Spike: An increase in trading volumes supports the strength of the breakout, indicating robust market participation.
Target - 4850
Stoploss - daily close below 3990
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
Trade fermée: ordre d’arrêt atteint
STOPLOSS HIT : -8%
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