Prestige Estates, a leading Indian real estate developer, is showing a compelling opportunity for a swing trade.
Reasons are listed below :
Target - 1650 // 1800 // 1900
Stoploss - weekly close below 1300
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 :
- Breakthrough of Resistance Zone: The 1350-1400 range had been a significant resistance zone, but the price recently broke through and achieved a weekly close above it, indicating a strong upward momentum.
- 0.5 Fibonacci Bounce: The price retraced to the 0.5 Fibonacci level and subsequently bounced back, suggesting this level is acting as strong support, reinforcing the potential for continued bullish movement.
- Breakout from Consolidation Phase: The stock has broken out of a 4-month consolidation phase, signaling that it could be entering a new upward trend.
- Bullish Marubozu Candle on Weekly Timeframe: Last week's marubozu candle (with minimal shadows) indicates strong buying pressure and supports the case for continued bullish momentum.
- Trading Above 50 and 200 EMA on Weekly Timeframe: Prestige Estates is trading above both the 50-week and 200-week exponential moving averages, which is a robust signal of a prevailing uptrend.
- Trading at All-Time High: The stock is currently trading at its all-time high, indicating strong bullish sentiment. However, traders should watch for potential pullbacks or resistance at this level.
Target - 1650 // 1800 // 1900
Stoploss - weekly close below 1300
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
Giao dịch đang hoạt động
Achieved 7% ++Đóng lệnh: đạt mục tiêu
1st target done : 14%++Ghi chú
Accumulate more near 1400 levelsGhi chú
2nd target achieved : 24%++Đóng lệnh: đạt mục tiêu
3rd target achieved : 30%++Ghi chú
Achieved 36%++Ghi chú
Achieved 40%++Ghi chú
weekly close above 1900 could trigger further upside
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Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.