HDIL Swing Buy set up......hold ur guns for the signal to come

winstonn

Well-Known Member
#1
Hello friends,

See the HDIL chart below---- 20days, 60min.

Technicals:
1) Daily Uptrend
2) Strong Momentum stock
3) Breaked the SPIKE resistance around 1040 zone.
4) After Breaout, the rest of candles are narrow and resting above resistance line which is a healthy sign

Buy trigger:

Only after the break of 1055 on candle closing basis.

Stop: break of 60min candle on closing basis below 1007.


Target: 1240+
NEWS:
I think all of you have read today's financial newspaper.

See ya,
Winston
 
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winstonn

Well-Known Member
#2
Hi,

one more thing,

According to Darvas BOX theory,

All time highs.
the stock was dancing from 920 to 1040
Hence BOX formed is 1040 and 920.
Yesterday, the Box was broken on upside.

Darva's specialist please correct me if i a wrong!
 

Prabhjeet

Well-Known Member
#3
Yeah Winstonn perfect Darvas box, last highest closing was around 1025 and once it has closed above this box, we can be assured that it will move up in this new box.

I have a suggestion for you Winstonn if you please i.e. just click the log chart box on icharts.com and charts will start to make better sense

Regards,
Prabhjeet
 

winstonn

Well-Known Member
#4
I have a suggestion for you Winstonn if you please i.e. just click the log chart box on icharts.com and charts will start to make better sense

Regards,
Prabhjeet
Hi,

thanxs for ur advice. But i know that log charts are for long term analysis
here we are dealing with short to swing period. Correct me if i am wrong.

See ya:)
 

Prabhjeet

Well-Known Member
#5
Point accepted sir, also try to have a look at Vdoconappl, HCIL and FDC charts you will start to see boxes all over, just for a bit of practice
 

Prabhjeet

Well-Known Member
#8
No impact, only Karachi Stock Exchange remains closed for 3 days
 

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