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GREENPLY

Breakout from Triangle pattern in Greenply Industries (Monthly)Greenply Industries reached an ATH of 298.85 in the month of Jan'18 and corrected almost 75% to reach a low of 72.90 in Mar'20. It had consolidated for almost 6 months in a range before starting its upwards journey again in Nov'20. It reached a high of 254.7 in a year and started correcting again. In the process it formed a triangle pattern and has freshly started it upward journey. It broke out of the triangle in the ongoing month of June'23. This indicates significant upside potential of minimum 67% in reaching 2nd target i.e. 298. Long term target is forecasted to be even higher i.e. at 477.
NSE:GREENPLYLong
by finvestar
Bullish Breakout in Greenply Industries A Bullish Breakout of Flag and Pole pattern is visible on the Daily chart of NSE:GREENPLY MACD will gave Positive crossover on Daily and already given positive crossover on Weekly and Monthly chart. So, expecting the momentum to continue. One can create a fresh position in the scrip as per the levels mentioned on the chart. Risk Disclaimer: The information provided in this analysis is based on my personal interpretation of market conditions and the available data at the time of writing. It is advisable to seek advice from a qualified financial professional and to conduct your own research before making any investment decisions.
NSE:GREENPLYLong
by raigvivek
GREENPLY : Short term (1-3 months)#greenply #breakout #consolidation #trending GREENPLY : Short term (1-3 months) >> Trending stock, Good Results >> Breakout with Volumes >> Good Relative Strength in stock >> Swing Traders can lock their profits at 10% & keep trailing Please Like or comment if u r Liking the analysis & Learning from it. Keep showing ur Love Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
NSE:GREENPLYLong
by moneyfesttrading
Greenply Faces Resistance, Breakout, and RetestNote: This analysis is for educational purposes only and should not be considered as financial advice. I am not a SEBI registered analyst. Greenply, a stock that has been facing resistance since December 2022, recently broke out of a rectangle pattern on 5th May with significant volume. After the breakout, the price has moved up and is now approaching a retest of the breakout level. The previous resistance level is expected to act as support. Here's a plan for potential trade entry: Buy Entry: Around 154.75 Stop Loss (SL): Below the daily demand zone, approximately 151.5 Target: Below the daily supply zone, around 162 Risk-to-Reward Ratio: 1:2 It's important to note that trading carries inherent risks, and it's crucial to manage risk through proper position sizing and risk management techniques. Summary: Greenply has faced resistance since December 2022 but recently experienced a breakout from a rectangle pattern. The price is now testing the breakout level, which is expected to act as support. Traders may consider a buy entry around 154.75, with a stop loss below the daily demand zone at 151.5. The target is set below the daily supply zone around 162, resulting in a risk-to-reward ratio of 1:2. Remember, always do your own research and consider multiple factors before making any trading decisions. If you found this analysis helpful, please like it and follow me on TradingView for more articles and trade setups. Thank you for your support, likes, follows, and comments. Your love and encouragement keep me motivated to write consistently. Catch me on TradingView for more insights and profitable trade setups! 📈📊👉 in.tradingview.com 🙌🚀 Keep learning, keep trading, and may the markets be in your favour! 🚀🙌 Technical Terms: Resistance : A price zone where selling pressure tends to overcome buying pressure, causing the price to stall or reverse . Breakout : A price movement above a key resistance level, indicating a potential continuation or reversal of the trend . Retest : When the price returns to a previously broken level to test its newfound support or resistance . Support : A price zone where buying pressure tends to overcome selling pressure, preventing the price from falling further . Stop Loss (SL) : A predetermined price level at which a trader exits a position to limit potential losses . Risk-to-Reward Ratio : A measure of potential profit relative to potential loss in a trade, calculated by dividing the target price distance by the stop loss distance
NSE:GREENPLYLong
by AfnanTAjuddin
Greenply Industries "up to 30 % gains''Hi Traders / Investors , This is a Swing / Positional Trade. I can see a bullish momentum can happen in Greenply Industries because of :- 1) Rounding bottom pattern got breakout and came for a retest at prior resistance level now acting as a support. 2) As per Fibonacci , it is taking support at 0.382 level which is healthy retracement and strong support zone. 3) RSI indicator is also taking support at 60 levels. Giving a Risk to Reward of 1:3 , Entry - 228-230 levels Stoploss - 205 levels Target - 298 levels. This is just an analysis so please don't take any decision solely based on this . Please give thumbs up if liked this , as it requires deep research.
NSE:GREENPLYLong
by DhRuV0007
GREENPLYNote: 1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline, not the big target... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions... 4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks... Keep an eye ladies and gentlemen. Cheers and Happy Trading
NSE:GREENPLY
by SENSITRADE_T
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