SWING IDEA - FIVE STAR BUSINESS FINANCE LTD
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Five Star Business Finance, a leading NBFC (Non-Banking Financial Company) providing small business loans, is showing promising technical indicators for a potential swing trade.
Reasons are listed below :
Target - 875 // 950
Stoploss - weekly close below 685
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 :
- 750-780 Levels Tested Multiple Times: The 750-780 levels have been significant resistance zones. The price is again attempting to break through these levels, indicating strong bullish momentum.
- Bullish Marubozu on Daily Timeframe: The recent formation of a bullish marubozu candle on the daily chart indicates strong buying pressure and suggests potential for further upward movement.
- Bullish Engulfing Candle on Weekly Timeframe: The weekly chart shows a bullish engulfing candle, which engulfs the previous week's candle, signaling a strong shift towards bullish sentiment.
- 0.5 Fibonacci Support: The stock is finding support at the 0.5 Fibonacci retracement level, suggesting a strong base for a potential upward move.
- Breaking 6-Month Consolidation Zone: Five Star Business Finance is breaking out of a consolidation phase that lasted for 6 months, indicating the potential for a new bullish trend.
- Trading Above 50 and 200 EMA on Daily Timeframe: The stock is trading above both the 50-day and 200-day exponential moving averages, indicating a strong uptrend and providing robust support levels.
- Consistent Higher Highs: The stock has been consistently making higher highs, reflecting ongoing bullish sentiment and a sustained uptrend.
Target - 875 // 950
Stoploss - weekly close below 685
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
Nota
Made a high of 13%++Nota
we can add quantity at 770 levelsNota
made a hammer candle at support level, we might see a fast moveNota
stock broke out, retested 780 levels and is now ready to continue its trendNota
Accumulate !Nota
hold!Nota
near SLNota
cautious Nota
hold!Nota
back to our buying priceNota
holdNota
we are back in profit, hold!
Trade chiuso: obiettivo raggiunto
1st target achieved : 21%++Nota
MADE A HIGH OF 24%++
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