Ami Organics on Daily chart MIGHT breakout, It is forming a decent little bull flag, and taking support on the middle band of bollinger bands.
Stop loss at 1000, Target 1 at 1150-60. If it sustains above Target 1, Hold till the ATH. OR use 20 EMA for trailing.
Chart -> Ami Organic Weekly
Descending triangle breakout in the weekly time frame.
CMP: 1056
Good Range: 1000 to 1040
Target: 1160, 1420
SL: 977 Weekly close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
share name : ami organics ltd
call type : poistional or investmnet
- share is forming a ascending triangle pattern
- good consolidation can be seen betweem level
of 858 and 1159 (huge resistance)
- we can accumulate this share at this level 858
and 1159(range)with sl of 800
- approchable targets 1159, 1350, 1434 ++
thanks
Ami Organics Ltd - 20.09.2022
The stock is trading @ 1062 levels
The prices are above EMA
There is a RESISTANCE ZONE @ 1060 in Weekly Chart
RSI is 55 in Weekly Chart
Refer Fib Retracement Levels for entry
Watch out for the further upside price movement
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
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