SWING IDEA - MACROTECH DEVELOPERS (LODHA)
Обновлено
Macrotech Developers, a prominent real estate company in India, presents a swing trading opportunity based on its current technical setup.
Reasons are listed below:
Target - 1415 // 1600
Stoploss - weekly close below 1100
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:
- 1200 as a Strong Support Zone: The 1200 level has been a significant support zone, providing a strong foundation for a potential upward move.
- Double Bottom Pattern on Daily Timeframe: A double bottom pattern has formed on the daily chart, which is a classic bullish reversal pattern, indicating the potential for an upward trend after testing the support zone twice.
- 50 EMA Support on Weekly Timeframe: The stock is finding support at the 50-week exponential moving average, which often acts as a strong support level, reinforcing the bullish sentiment.
- 200 EMA Support on Daily Timeframe: The 200-day exponential moving average is also providing strong support on the daily chart, indicating the long-term trend remains intact.
- 0.382 Fibonacci Support: The stock has bounced off the 0.382 Fibonacci retracement level, suggesting that the current price level is a strong support area, and there may be further upside potential.
Target - 1415 // 1600
Stoploss - weekly close below 1100
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
Комментарий
you can accumulate more if price shows some bullish signal around 1147Комментарий
stock is now trading above our buying value, we can accumulate moreКомментарий
made a high of 13%++
close to our 2nd target
Сделка закрыта: достигнута тейк-профит цена
1st target achieved : 15%++
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