Emami
Emami - 23 Dec 2020If 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.
Emami Limited Emami Limited
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 probability that stock restart its rally once again.
EMAMI LTD.The RSI reading indicates that the stock is at a near term resistance and could see some downside. There have been strong significant green bars and may see some correction or possibly a reversal. A correction and profit taking can be observed around levels of 199, if it breaks down further then that could indicate reversal around 178 levels.
Emami : Can we have that Bullrun again ?1Actually I planned this stock as Intraday setup only but when looked up on larger timeframe there were 2 triangles, triangle within a triangle, if you are Intraday trader go down on timeframe & take the bullish breakout of smaller triangle. If you are swing trader, obviously the bigger triangle is for you in Emami. Let's see whether Navratna oil keep us cool or makes us hot by hitting stops :)