Levels are marked on the chart
Stock has been following 50 ema and 100 ema is acting as amazing support.
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The analysis is my POV , hope you got bucks in your pocket to consult a financial advisor before investing :P :)
1. Bullish market structure
2. Volume expansion
3. Trendline breakout
4. Symmetrical triangle pattern
5. Ascending triangle pattern
6. Buy on pullback only
7. Support zone: 512-521
8. Target: 566, 602, 638.
9. Stop loss: 493
You are always advised to use an appropriate Risk-Reward ratio as per your strategy.
P.S: This is NOT investment...
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...
Rounding bottom breakout on the daily chart as well as on the weekly chart. All oscillators indicating bullish bios. We can expect a rounding bottomed retracement target of 540, 565 in the near term. also expect a target of 615, 750 in the longer term.
If stock opens out of yesterdays range look for buying opportunities when it takes support at buy zone 1.
If stock opens within yesterdays range look for buying opportunities when it takes support at buy zone 2. If you go long on Buyzone2 then your first target should be yesterday high.
Sector and Stock both are RS positive
Emami Limited spread chart: Spread chart is already showing that it is outperforming the nifty index.
Currently its spread chart is at support line and there is high probability that it starts again outperforming the nifty.
Risk and Reward are quite good, Stock is currently at its support and there is high...
Please refer the earlier charts updated wherein it was projected for 240 odd levels from 180 levels and now it is expected to move towards 280-300 kind of levels.
Please make a note that this chart is for Educational Purpose Only