Short term Ascending triangle breakout and retest done (divergence confirmation) of the Inverted Head and Shoulder pattern.
Short term target is the breakout level of the Cup and Handle.
Above breakout level we would see higher targets in the long run.
Hie, In this investment series we talk about some fundamentally strong companies identified by Capital Market analysts in their latest issue.
Advanced Enzyme Technologies Ltd. engages in the research, development, manufacture, and sale of enzyme products. It offers products for human nutrition, animal nutrition, food...
Advanced enzymes has formed a wonderful triangle pattern and as soon as it comes out of its pattern on the upper side, the stock should rally towards Rs.445, but it should only be bought post breakout and not before that. Also Stop Loss can be the resistance line of the triangle once that is taken out. Once the stock rises, make 50EMA as your Stop Loss as it is...
Advanced Enzymes has given weekly Buy Breakout. Fundamentals of the Stock is looking good. Pledged Shares by Promoters have come down. FII's and MF have increased the investments.
Short Term Target 230
Medium Term Target 279
Long Term Targets 414/Life time High