Good Morning Again,
Stock : SELAN Exploration Ltd.
The Sector is little lagging in Overall Market.
Charts Look Good as of Now, showing big possibilities ahead, Let's Explore
Weekly Chart
Very Long Term and Steep Fall concluded with a breakout and then again resumed to fall more after the breakout before retesting the trendline, It was again a fall as the trendline was very steep falling and to retest the trendline, Price had to go down and touch it.
The Price has resumed to move up in a slow rising channel, giving a good consolidation before any big breakout.
Let's see on Daily Timeframe :
The rising channel shows the slow movement in the stock, most probably these kind of moves are developed after a big fall and before a Good breakout, at present stock is in consolidation and any move above the rising channel resistance, i.e. above 220 region will give strength to the stock and there is always a Buying opportunity in the range of 200-205.
Above Rising channel resistance there are big chances of a fast & furious move for higher range and the stock may double in a few months timeframe.
Recommendation :
BUY SELAN EXPLORATION LTD in the price range of 200-205 with a Stoploss of 192 and a Price Target of 220 - 240 - 260
Follow Strict Risk Management Before Entering the Trades and Consult your Investment Advisor for guidelines. "Do not jump in the trade" without considering the risk.
Enjoy Trading, Trade Safe, Trade Wisely !!
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Disclaimer :
The Analyst May or May not have trading positions or Investments in suggested Instrument, The Trade is Long Term and the Analyst may recommend the trade to his clients time to time for short term trading. short term reversal trades May be advised in this duration and it will be according to the charts.
The Analyst is a SEBI Certified Investment Advisor and Global Market Expert having Vast experience of Financial Markets in India and Across the Globe. Running Analysis Services and Advisory since Last 6 years for clients across the world in Stock Markets, Forex, and Commodities.
Contact Details ::
WhatsApp & Telegram +91 8275 298 208 / Email : 4x.magician@gmail.com
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