SWING IDEA - TTKPRESTIG

Price Action made a retest @ 650 levels and MACD started making a Higher Low Pattern formation.
MACD has started forming a Higher Low Pattern indicating a good momentum upward from here.
Stock will have to keep maintaining closes above 650 levels as it has formed a good Support Zone as of now. Any closes below this level, could only take the stock to newer Lows.
Lets see if the Stock is all set to its next leg up.

ノート

8% Profits done so far.
Trade seems to be going exactly as expected.
Could hit targets sooner than expected.
Keep a close eye.

ノート

Positive News:

Kitchen appliances manufacturer TTK Prestige has entered into a binding agreement with GramyaHaat Rural Tech, a distribution company focused on the rural areas of India.

Under the deal, the company will subscribe to compulsorily convertible debentures which when converted is likely to amount to an equity of over 5% in GramyaHaat.

The total commitment is of the order of 150 million rupees of compulsorily convertible debentures of which Initial investment will be 50 million rupees.

ノート

Positive News:

COMPANY HAS SIGNED AN AGREEMENT WITH A GLOBALLY REPUTED CONSULTANT.
AGREEMENT TO ASSIST COMPANY TO REDRAW ITS BLUEPRINT FOR A 5-YEAR LONG-TERM STRATEGY AND PLAN.
CO WILL BE SPENDING IN RANGE OF AROUND 120 MLN RUPEES OVER NEXT 6 MONTHS FOR THIS EXERCISE.

ノート

We are so close to our targets. Safe Traders can exit at given levels and others can continue to hold for much bigger profits as the Stock can start going higher and higher since the Support has formed and the Convergence Divergence is also indicating a good move upward.

ノート

Very close to our Targets. Only 13 points left. Keep holding.

トレード終了: 利益確定目標に到達

Trade Completed. Target Achieved.
Total 22% Profits booked.
Time Taken = 4 weeks.

Congrats to those who made good profits with this Trade.
This is how perfectly Price Action can mint you money when done right.

Trade can still be held on based on your Risk Management as the momentum still looks strong and it is possible that the Stock can go further upward.

Follow for more such Ideas!
Comment any Stock that you want me to take a look into and share insights.

Kudos!!

ノート

30% Profits achieved so far from our Entry Zone. Congrats to those who are still holding on to this trade and booking bigger Profits.

ノート

33% Profits from our Entry Zone. Congrats to those who are still holding on to this stock and booking higher profits.

ノート

Despite a weak market this week, stock has managed to still go upward and achieve close to 45% Profits from our Entry Zone. Congrats to those who are still holding on to the trade and booking higher profits.