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EVERESTIND

EVERESTIND's Recent Breakout - A Dive into the Technical📈 EVERESTIND's Breakout Analysis 📉 Hello, fellow traders! Today, we're diving deep into EVERESTIND's breakout that occurred on 7th August 2023, shortly after the company announced impressive financial results. The stock has shown some intriguing patterns, and I'm here to break it all down for you, especially if you're new to the world of trading. Let's get started! 🔍 Key Observations EVERESTIND announced stellar financial results, leading to a breakout on 7th August 2023, accompanied by impressive volume. Before this breakout, the stock maintained a robust base hurdle, with previous swing lows remaining unbroken. High volume on bullish candles indicates potential accumulation . Despite the price decrease over the past two days, the last candle is an inside candle , with its mother candle being a large bearish one. However, the selling volume is minimal. The price seems to be retesting the breakout, possibly due to RSI bearish divergence. 📉 Trading Strategy First Entry: Buy if the high of the inside candle is broken, around 1030. Stop Loss for First Entry: Below the inside candle. Second Entry: On a retest of the breakout, around the 1000 level. Stop Loss for Second Entry: Below the plotted support zone on the chart, which was previously a resistance. 📚 Let's Learn Some Technical Terms! 1. Inside Candle: A candlestick pattern where the current candle's high and low are within the previous candle's high and low. 2. RSI Bearish Divergence: When the price makes a new high, but the RSI fails to make a new high, indicating potential weakness in the trend. 3. Accumulation: A phase where investors buy or "accumulate" a stock in anticipation of a future price increase. 🚫 Disclaimer This analysis is for educational purposes only. I am not a SEBI registered analyst. Always do your research before making any trading decisions. "In trading and in life, patience is not just a virtue, it's the key." 🔗 Connect with Me! For more insights and analyses, follow my TradingView profile: in.tradingview.com Thank you for your support and feedback! If you found this analysis helpful, please like, comment, and follow. Happy trading!
NSE:EVERESTINDLong
by AfnanTAjuddin
2
YR 2022 Idea #174: Long on EVERESTINDThis is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.
NSE:EVERESTINDLong
by onerighttrade
EVERESTIND - Ichimoku Bullish Breakout Stock Name - Everest Industries Limited Ichimoku Cloud Setup : 1). Today's close is above the Conversion Line 2). Future Kumo is Turning Bullish 3). Chikou span is slanting upwards All these parameters are showing bullishness at Current Market Price and more bullishness AFTER crossing 807 #This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market. # Cloud Trading # Ichimoku Cloud # Ichimoku Followers I hope you all like my analysis. Please do share your thoughts into comment section. Please give a like, it motivates me to do analysis.
NSE:EVERESTINDLong
by nikunjbhadja
YR 2022 Idea #111: Long on EVERESTINDThis is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.
NSE:EVERESTINDLong
by onerighttrade
A NEW BULLISH MOVE IN EVERESTIND???VK2413 #MONDAY# NSE:EVERESTIND BUY :- EVERESTIND !!! { TARGET:-724-750 SL:-608 }; WHY ONLY EVERESTIND ?? { <#EVERESHIND> VOLUME on past week is higher compared to its past month. It broke its all time high on 18/02/2022 with huge momentum and volume. But due to negative sentimental of RUSSIA-UKRAINE WAR it failed to hold. Even an INVERTED-HAMMER CANDLE was formed on 23/02/2022, since on next day RUSSIA DECLARED WAR ON UKRAINE Sentimental hit the stock it had a fall roughly around 10%. but Its FUNDAMENTALS are strong. FII increased their stakes during DEC-Quarter i.e. ,from 1.85% to 3.2%(NEARLY-DOUBLED). Once WAR over it will shoot higher ,have it on your radar. According to my research and knowledge, it's going to boom for Short-Term. } Like👍 , Follow🥰 ,🙏 Share love ❤️ ; } HAPPY TRADING;
NSE:EVERESTIND
by VK2413
One Right Trade's Swing Trade Idea #186 : Long on EVERESTINDThis is a public swing trade idea from "one right trade" and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow it if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
NSE:EVERESTINDLong
by onerighttrade