CARBORUNDUM UNIVERSAL (1W TF) - Swing Trade Analysis given on 23rd March, 2024 Pattern: FALLING WEDGE BREAKOUT - Resistance Breakout - Done ✓ - Volume buildup at Resistance - Done ✓ - Demand Zone Retest & Consolidation - In Progress #CARBORUNDUM
Logic:Breakout retest done and fresh flag breakout of consolidation Targets are based on Fibonacci retracements. Company has strong fundamentals. Good stock to invest on dips as well. Idea is shared as a swing trade for educational purposes. It will help you understand power of flag breakout and continuation patterns.
Carborandum Universal earlier gave breakout of Symmetrical Triangle on Weekly Time frame and now gives breakout of Ascending Triangle on Weekly Timeframe. The strength is likely to continue as it is at All Time Levels. Further levels have been derived by use of Fibonacci Extension
Chart -> CARBORUNDUM UNVRSL Weekly Cup and handle breakout in the weekly time frame. CMP: 1058 Good Range: 1000 to 1040 Target: 1182, 1420 SL: 968 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.
Stage 2A breakout entry : 950-1015 SL : swing low/ 7-12% / 898 Targets : 1219,1383,1600++, ride the trend. 3-9 months Note: only for learning, trade at your own risk.
NSE:CARBORUNIV has the following features in 1H chart: In 1H price actually creating a Pool and Flag pattern. The main point is consolidation after a big volume rise. Note: during consolidation phase: Volume always remains above the moving moving average. RSI well placed Alligator is showing clear uptrend. Trade: BUY level around 925-920 with a...
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...
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...
Carbor Univ has already completed extended M Pattern and now recovering from the same. 1. RSI is improving continuously 2. MACD also strengthening 3. Price are at a technical short term breakout 4. Fundamentally, giving growing results and also, CarborUniv GMBH acquired two german abrasives companies which has long record of quality business management and strong...
#carboruniv #carborundum Keep an eye on weekly closing. Any good green candle on weekly close will trigger long entry. Stock is beneficiary of EV theme. #vr
Carborundum Universal, Facing big hurdle at 930, buy above 935 for minimum target of 1000.
stock hassuggested near 600 earlier. now it is looking for new high. tringle breakout here.....
CORBORUNIV script has formed an asc triangle pattern, RSI & Volumes are good and indicating further upmove. Entry, SL & Targets are marked in the chart
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
This is follow-up on Carborundum Universal. Can check link to related ideas. Target 1 achieved. More than 28%. Target 2 is ON. Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered....
The stock has been moving in a narrow range rectangular pattern for a couple of days now. On Friday, July 23, we observed a spike in volume, bringing it towards the upper resistance and the 52W high levels. Carborundum had good results last quarter, and it next set of results are expected on August 2. May be this has lead to renewed interest in the stock....
Channel has broken with a good volume. We can expect channel pattern target as 620.
1) rising 21 MA 2) Time correction 3) F pattern 4) Retest of the breakout level ONLY FOR STUDY