2 More Examples of the stocks that are in Stage 2 but still in a trading zone- have to decisively break the nearby left -side resiatances
Tata Investment
CMP 2314
In a bigger scale S2 from March 2020 lows.
On MACD , it is in buy on daily and monthly timeframes but yet to give a buy-signal on weekly.
To make a decisive upside move, it needs to cross its nearby trading zone.
Weekly Chart
LOUIS VUITTON (LVMUY)
CMP 171.47
It is at all time high now . Although it is in a larget Stage 2 , but it has started a fresh S2 on a smaller scale.
Beauty here is that oncce it starts trading above ATH for 1-2 weeks, then the upward journey can be resistance -free ( no left side resistances). It is called ble-sky zone.
Target can be upper end of the channel ie near 230 and recent price range ie. 160-170 will become resistance as well as stop loss levels.
Weekly chart
Let’s keep a track and keep learning.
Disclaimer :This post is just for learning few methods of price-patterns. Views are personal. No buy/sell recommendations. These are probability study methods and chances of success/failure depend upon various factors.
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