Defence Stocks Going Offensive :) - Taneja Aerospace
Taneja Aerospace which had a 16 year long Breakout on 3 Months has already crossed 3x from our recommended level of 194 reaching the high of 567
The chart looks very similar to REC Ltd which also had a similar 16 year BO and reached more than 3x Multi-bagger returns
Quarterly View:
As per the long term view and earlier patterns, 2 targets were given 605, 695
Short Term View:
On Daily Timeframe, price has formed a Beautiful Cup and Handle BO and blasted 20% UC today. The Handle side was formed @ Fib 0.618 retracement level and Fib 1.618 Target matches precisely with the C&H Target of 732
New Targets 606, 696, 730++. From 3x the price is now preparing itself to reach 4x level soon :) :) :)
Disclaimer:
3+ Years Teaching Experience in Stock Market - Technical Analysis, Behaviour Analysis, Advanced Patterns, Emotional Management, News based Trading...
We are NOT SEBI Registered and Our focus is NOT providing Buy/Sell Recommendations/calls. Primary Objective is to provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes.
We strongly suggest our followers to "Learn to Ride the Tide irrespective of its Side"
*** Important *** Consult your Financial Advisors before taking any positions
If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments
-Team Stocks-n-Trends
The chart looks very similar to REC Ltd which also had a similar 16 year BO and reached more than 3x Multi-bagger returns
Quarterly View:
As per the long term view and earlier patterns, 2 targets were given 605, 695
Short Term View:
On Daily Timeframe, price has formed a Beautiful Cup and Handle BO and blasted 20% UC today. The Handle side was formed @ Fib 0.618 retracement level and Fib 1.618 Target matches precisely with the C&H Target of 732
New Targets 606, 696, 730++. From 3x the price is now preparing itself to reach 4x level soon :) :) :)
Disclaimer:
3+ Years Teaching Experience in Stock Market - Technical Analysis, Behaviour Analysis, Advanced Patterns, Emotional Management, News based Trading...
We are NOT SEBI Registered and Our focus is NOT providing Buy/Sell Recommendations/calls. Primary Objective is to provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes.
We strongly suggest our followers to "Learn to Ride the Tide irrespective of its Side"
*** Important *** Consult your Financial Advisors before taking any positions
If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments
-Team Stocks-n-Trends
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