AWL : CYPER PATTERN - CLUSTER SUPPORTS -EIFFEL TOWER VOLUME
Adani Wilmar Ltd. is an interesting chart with following
1. RSI on daily and weekly above 60
2. Price Consolidating between 285- 390 for almost last 8-9 months
3. Price trading above 14, 50, 64, 100, Day SMA and Above 20,50 Week SMA
4. Cluster of Averages support at 340-342-346-350 zones
5. Super Trend turned bullish on weekly chart
6. Cyper pattern under formation on Weekly chart.
7. Price gain with huge Eiffel Tower like Volume Bars.
Can be a good risk reward with buy on dips and dips near cluster of support and / or above 400 levels once price breaks out of consolidation channel and retests the same as per one's own risk reward setup
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
1. RSI on daily and weekly above 60
2. Price Consolidating between 285- 390 for almost last 8-9 months
3. Price trading above 14, 50, 64, 100, Day SMA and Above 20,50 Week SMA
4. Cluster of Averages support at 340-342-346-350 zones
5. Super Trend turned bullish on weekly chart
6. Cyper pattern under formation on Weekly chart.
7. Price gain with huge Eiffel Tower like Volume Bars.
Can be a good risk reward with buy on dips and dips near cluster of support and / or above 400 levels once price breaks out of consolidation channel and retests the same as per one's own risk reward setup
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.