Adani Wilmar to catch up soon (Study Purpose)

Feb 20

It is on the verge of breakout, SL is the BO Candle Rs348. Long overdue run up pending alongside other Adani group companies.
Q3 results are descent.
May move quickly towards Rs411, Rs510 and upon sustaining then upto Fib ext 1.618 levels.
Rsi above falling trendline, soon cmp will catch up with the move.
Adx showing strength.
Price at 200sma.


Disclaimer : Above scenario just for educational purpose and study of graphical movements as per available technical parameters derived by professionals. Be careful before investing and consult your advisor before making such decisions. I am not responsible for any mishaps or losses or gains. Not a registered sebi member.
Not invested yet.

Feb 23

Trade active

Now at Rs377, breakout confirmation.

Feb 24

Note

price now at Rs390, Volumes on the rise.
ADX showing good strength in the trend.
Buy on dips shall be maintained.

Feb 26

Note

CMP now Rs407, Trailing Profit SL now revised to Rs378 on closing basis.

Feb 29

Note

at crucial retest zone, if closes below Rs378, then exit is suggested, again can re-enter at lower levels.

Jul 1

Trade closed manually

Aug 5

Trade active

Recent update by company's management makes it a buy at present levels and in all dips. Can do 500+ this time.