GALAXY SURFACTANTS forming Inverted Head & Shoulder is in Progress
If this patterns forms perfectly then Target will 4330+ (25% Upside)
Disclaimer: This stock idea is only for educational & research purposes and is in no way a professional stock recommendation. Please do your own research and consult your financial advisor before making any investment decisions.
- Near Darvas Box Breakout.
- QTL b/o
- Stock took an 11.26% breather after a 53.24% up move.
- From March 2020, Stock moves around (avg.) 50% up after taking an avg. 14% breather.
- Stock outperforming index in 1w, 1m, 3m, 6m & 1Y.
- Stock became RS+ on 31st March (as per new ARS)
- Spread chart...
Stock has been consolidating for a long time, and a good pattern formation can be seen now.
For tomorrow there may be a buying opportunity , if it open above the trend line and show good strength in the momentum.
Buying level around 3190-3200
SWING TRADE ONLY FOR WEEK
Do your own analysis before entering any trade and if you have any suggestion...
Galaxy Surfactants Ltd is a leading manufacturer of Performance Surfactants and Specialty Care products with over 205 product grades. These products are used in consumer-centric Home and Personal care products like hair care, oral care, skin care, cosmetics, soap, shampoo, lotion, detergent, cleaning products, etc. Preferred suppliers to leading MNC’s, Regional...
Fundamentally very strong company.
Looks ready for a technical breakout now.
Keep and eye.
All details can be seen on charts.
##Kindly do self analysis before you trade. Profit is yours, so is your loss.##
The trend line looks to be set and Galaxy Surfactants looks ready to make an upmove. It may even converge to a smaller triangle but the next 2-3 weeks it should give an upmove of 10-15% in the range of 1800 to 1875.
The trend is an uptrend so we are also going in line with the trend. Trend is My Friend :)
Please note that this is my analysis and not a...