PRESTIGE ESTATES - Swing Trade - 25th February #stocks
PRESTIGE ESTATES (1D TF) - Swing Trade Analysis given on 25th Feb, 2024
Pattern: FALLING WEDGE BREAKOUT
- Resistance Breakout - Done ✓
- Volume buildup at Resistance - Done ✓
- Retest & Consolidation - Done ✓
#stocks #swingtrade #chartanalysis #priceaction #traderyte #PRESTIGE #stockmarket #sharemarket #viral #sharemarketindia #StockMarketindia
Pattern: FALLING WEDGE BREAKOUT
- Resistance Breakout - Done ✓
- Volume buildup at Resistance - Done ✓
- Retest & Consolidation - Done ✓
#stocks #swingtrade #chartanalysis #priceaction #traderyte #PRESTIGE #stockmarket #sharemarket #viral #sharemarketindia #StockMarketindia
评论:
PRESTIGE ESTATES Update (as on 1st April, 2024)
✓ 4% Stop Loss Hit in just 1 Trading Sessions
First Entry was taken on 28th Feb
- However, the very next day our SL of 4% was hit
- Exited immediately due to the huge sell off candle on the 29th Feb
✓ 10.5% today in just 2 Trading Sessions
Re-Entry Analysis
- The trendline was extended and the stock respected the trendline
- Did not take entry at the trendline, but waited for the breakout of our previous Demand Zone marked for a COP (Change of Polarity)
✓ Hence, overall 6.5% till date
- TSL is On
* Disclaimer
✓ 4% Stop Loss Hit in just 1 Trading Sessions
First Entry was taken on 28th Feb
- However, the very next day our SL of 4% was hit
- Exited immediately due to the huge sell off candle on the 29th Feb
✓ 10.5% today in just 2 Trading Sessions
Re-Entry Analysis
- The trendline was extended and the stock respected the trendline
- Did not take entry at the trendline, but waited for the breakout of our previous Demand Zone marked for a COP (Change of Polarity)
✓ Hence, overall 6.5% till date
- TSL is On
* Disclaimer
- Stock is showing strength in a weak market
- Again at our Demand/Support Zone
#PRESTIGE #traderyte