INDIAGLYCO create descending triangle pattern on 30m time frame,,, if there is a strong break-down happened, then find short selling opportunity,, always wait for a confirmation on this type of setup... intraday analysis for 5 June..
Symmetrical triangle Breakout in India Glycol Previously on 9th Sep stock had given breakout from its symmetrical triangle patter and now, price is coming for the retest. If you observe todays candle, it is forming a hammer, indicating upside move in coming days. For further Strong upside momentum price has to close above 980. All possible targets are marked on...
The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock markets...
Note: 1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline, not the big target... 3. Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
📊 Script: INDIAGLYCO (INDIA GLYCOLS LIMITED) 📊 Nifty50 Stock: NO 📊 Sectoral Index: NIFTY 500 📊 Sector: Chemicals 📊 Industry: Chemicals & Petrochemicals Key highlights: 💡⚡ 📈 There is crossover in MACD as well as in double moving averages and stock is trading towards upper band of BB last but not least RSI is around 62. 📈 One can take swing trade after stock give...
NSE:INDIAGLYCO CMP : 996 Long consolidation between 762 to 1009 Now stock is ready to fly Closing above 1434 may Good upmove.
BO of 800 then railed up to 1011, now again at retested BO level Good volume in uptrend and volumes drying up during downtrend/ consolidation Buy at CMP or above 893 Support near 800-730 Market Cap-- ₹ 2,361 Cr Stock P/E-- 12.5 ROCE-- 11.5 % ROE-- 13.9 % Free float only-- 37%
India Glycol Inverted Head & Shoulder Formed below, After Achieving H&S Target it falls to Important Support Zone Target 20 % Upside
Very good structure Good volume in uptrend and volumes drying up during downtrend/ consolidation Buy at CMP or wait for candle close Support near 635-600 weak below 600 Market Cap-- ₹ 2,361 Cr Stock P/E-- 12.5 ROCE-- 11.5 % ROE-- 13.9 % Free float only-- 37%
* LOOKS CUP AND CANDLE * HUGE VOLUME BREAKOUT * TAKE WHEN PRV DAY HIGH BROKEN FOR INTRADAY ..FOR SWING TRADING WAIT FOR PULLBAK AND ENTER
buy above 560 keep sl at 549 for target use 5 min chart and fibonacci pivots as i don't keep predefined target. try to book partially and trail. NOTE: For Gapup or bo before 9:20 If gapup is more than 1% from bo level than avoid completely. if less than 1% or gives bo before 9:20 than wait for first 5 minute candle and entry above 5 minute candle and revised...
It has taken v.stong support at 396 and move ahead. Increasing delivery volume indicating a reversal of price from the bottom. RSI has turned from oversold range and MACD crossover will confirm the same. Expect a retracement target of 475, 500, 525 in the near term.
Indiaglyco above 450 AutoAxles above 1185
India Glycols Bullish Divergence Symmetrical Triangle Consolidations Breakout Above 320 & sustain may lead to 370-400 with clear Rally.
Today's up move seems to be a decisive one after price having spent considerable time in the 130-135 range. Will there be a follow-up in the days to come ? Looks like there's more upside here, to me.