NSE:GRWRHITECH continues to rise post a strong quarterly performance. Short term investors can keep a tight stop loss at 1800 here. If the market holds and volatility does not increase exponentially, then this stock is likely to do well.
NSE:GRWRHITECH
cmp 1646
very good for long term investment
PE = 23
Promotor holding = 60%
Face value = 10
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...
After breaking the resistance / supply zone of 889-929, last September the stock was rally without any base making. And finally it topped and started to form a base from November.
After 12week of base formation and a range of 22% it has finally sustained above the 1542 for the 2 weeks now. Volumes were low on retracements and last two week volumes are decent...
NSE:GARFIBRES
Garware Technical Fibre is in final wave of extended wave 3. The current stock movement indicates that it is currently in the fourth wave of the extended third wave, and it is in the process of forming a triangle pattern. Trangle always form in wave 4. I have labelled wave 4 triangle with ABCDE.
Entry point is at high of wave D :- 3375/-
Target :-...
Garware technical fibres broke out of symmetrical triangle pattern on weekly charts with good volumes and after long consolidation. Company is known to good moat and is fundamentally strong.
We can observe price is moving in a channel. As the channel narrows down price started to move toward a higher range along with the support of the 20 & 50 moving average.
Also, the price is taking support before reaching the lower end of the channel. If the price closes above 3279 we can expect a bullish move.
Trade Set-up
1) We can buy if the stock manages to...
GARWARE Technical is following a down trend on a Daily TF in a channel pattern and recently made a bearish engulfing candle at the resistance.
Looking good to further fall by around 5% in short term period to 2550.
Garware Hi-Tech Films
BSE:GRWRHITECH
Cmp - 923
Stop - 985 on DCB
Expectation -
T1 - 750
T2 - Wait, Review at 750
Expected Holding Period - 100 trading days or earlier for T1
View:- Positional
Disclaimer:-
Ideas being shared only for educational purpose
Please do your own research or consult your financial advisor before investing
GARWARE 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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