SWING IDEA - ANAND RATHI WEALTH LTD

18 окт.

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:

• 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

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@visionary.growth.insights

28 окт.

Сделка закрыта: достигнута стоп-лосс цена

STOPLOSS HIT : -8%