FAIRCHEMOR - watchout for weekly close above 1400 NSE:FAIRCHEMOR
cmp 1386
watchout for weekly close above 1400
should do well above 1400 in coming months
The objective of this analysis is knowledge sharing and education. There isn't any buy or sell advise in this article. Every stock is held for a short to medium amount of time and is positional.
It is expected of each person to carry out independent research and evaluation to ascertain whether my perspective is consistent with your studies.
FAIRCHEMOR
FAIRCHEMOR Analysis(Rounded Bottom)!NSE:FAIRCHEMOR Analysis!
FAIRCHEMOR Analysis on Daily Timeframe!
Rounded Bottom Pattern Formation(Rare Pattern) in FAIRCHEMOR!
Rounded Bottom Pattern with RSI and Volume Analysis!
FAIRCHEMOR has made ROUNDED BOTTOM PATTERN on a Daily timeframe. It was in a Downtrend before. It has made a bottom and reversed with Rounded Bottom Pattern. RSI is also in Trending upwards and taking support on Support trendline. If we see volume at the bottom, it diminished at the bottom but during this price was trading within a range. We can expect further upmove in FAIRCHEMOR if the daily candle breaks and closes above 1365.15.
There has been a gradual shift from a downtrend to an uptrend; there may be a sharp rally ahead. The Rounded Bottom represents a slow and gradual reversal of the trend from down to up. We can expect the Turnaround in FAIRCHEMOR .
Thank You!
Entry = Above 1365.15 but candle needs to be closed above it.
Stop Loss = Below 1140
Targets = 1) 1693.25 2) 1904.80 3) 2082.50
Disclaimer = All my analysis are for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2) Do your own research and analysis 3) Define your Risk to Reward ratio 4) Don't trade with full capital
YR 2022 Idea #152: Long on FAIRCHEMOR This 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.