Garware Technical Fibres Ltd - Breakout Setup, Move is ON...#GARFIBRES trading above Resistance of 4030
Next Resistance is at 5003
Support is at 3177
Here is previous chart:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
GARFIBRES
Breakout in Garware Technical Fibres Ltd...Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
GARFIBRES Analysis & Prediction This is the analysis of GARFIBRES in Monthly Time Frame. Watch carefully. The chart explains itself.
There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown.
Always maintain your risk management.
Book your profit according to your “STOMACH”.
Disclaimer:
This is not investment advice. I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.
About GARFIBRES :
Garware Technical Fibres Ltd. engages in the manufacture and export of synthetic cordage and nettings. It operates through the Synthetic Cordage, and Fibre and Industrial Products and Projects segments. The Synthetic Cordage segment comprises of ropes, twines, and nettings made of twine. The Fibre and Industrial Products and Project segment offers fibre, synthetic fabric, yarn, woven and non-woven textiles, and coated steel gabions. The company was founded by Bhalchandra Digamber Garware in 1976 and is headquartered in Pune, India.
GARFIBRESGARFIBRES:- If there is a breakout of the trendline of the upside, then the movement of the upside is bound to keep an eye on the stock.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
YR 2022 Idea #140: Long on GARFIBRESThis 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.
GARWARE TECHNICAL - SHORTGARWARE TECHNICAL
*SHORT
-Come down whenever it testing the channel's upper line.
-Formed an inside bearish candle. Chances are to come down.
Invest & Trade Wisely! Good Luck!
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You can also see my other stock analysis and the results in my profile ideas. Please follow me , If you would like to see more ideas on winning stocks.
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**Disclaimer:
I am not a SEBI registered consultant/Advisor. It is completely my view and opinion.
My intention is not to provide any financial advice, training advice, or any type of advices or any recommendations on stock buying or selling.
Please do your own research and consult with your financial advisor before taking any action.
I am not responsible for any of your action on buying or selling or holding the above mentioned stock or/and index.
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GARFIBRES buy @ 2000 (3% Risk and 10% Reward)Long trade formed in GARFIBRES:-
- 1 day time frame bullish engulfing pattern formed - 21/OCT/2020
- Swing retracement is 0.618 it is a golden area for take a long position as per fibonacci.
Buy if price crosses above - 2000
Stop loss - 1935
Target - 2200
Pls Note:- Only for educational purpose and demo trading.