EMAMI Ltd has again tested the 540 zones and has given a confirmation of reversal hence testing the demand zone and now gathering momentum to go uptrend. At the end of day EMAMI Ltd has also made a green candle just above the demand zone and Fibonacci level of 0.786, hence giving a double confirmation. The stop loss for the trade can be kept just below the Fibonacci level of 1 at 530. The respective targets for EMAMI Ltd can be kept at 576-587-600-622 respectively based on Fibonacci levels. You an exit at any of the given Targets based on your expectations of short term or long term gains. Follow, Share and like this trade if you are content with the given idea. Follow me for more such beautiful trades. My motto has always been buy cheap sell high. Happy Trading Everyone!
Trade active:
The trade is still active, Do not sell the stock as it is still in the demand zone and still I hold a positive view on this stock, so continue holding and relax. Happy Trading.
Comment:
The company has profited this quarter as well and is a good hold. The company will be distributing dividends and the record date for the same is 9th Nov,2021. Hold this stock till the given targets.
Comment:
Target 1 of 576 has been achieved. Patience is key. One can exit with half of their stocks and keep half and exit at the next target. For short term investors, exit at 587 or 600 respectively. And medium to long term can hold till 600 and beyond.