#007 | Swing Trades for the Week

Where are you putting your money this week? | BONUS Access

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ELGI Equipments

In the weekly charts, we can see that the stock has managed to close above the marked resistance level with a confirmation candle. Let’s look at the daily charts.

In the daily charts, a descending triangle has been formed. The stock has managed to come out of the descending triangle with a confirmation candle that gives us a strong bullish bias.

Maruti Suzuki

In the weekly charts, Maruti Suzuki has been doing a retest at the marked resistance level multiple times. This week it has managed to close above that zone. Let’s now have a look at the daily charts.

In the daily charts, it has formed a descending triangle.

After forming a descending triangle, it has managed to close with a big confirmation candle. This gives us a bullish bias on Maruti.

ITD Cementation

In the weekly charts, ITD Cementation has managed to come out of the marked resistance level. Let’s now have a look at the daily charts.

In the daily charts, there is an ascending trendline.

Now, the stock has finally managed to come out of the marked resistance level with strong volumes with a big confirmation candle.

This adds to out bullish bias for the stock.

Performance Update

#006

Disclaimer

The data/information available on this newsletter is for the purpose of information only and one needs to rely on their own judgment while making any decisions including investment decisions.

Any investments discussed or recommended are not intended to offer or solicit an offer to buy and/or sell any securities mentioned on this newsletter and/or is not an official confirmation of any transaction.

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