#Himatseide CMP : 175.2 Date : 24/11/23 A Fundamentally weak and a high debt company. A recent turn around movement in textile sector is now influencing the world s largest cotton yarn maker. Stock is technically looking good now. Formation of a round bottom is seen in the chart with 60% completion . Now the stock is at its 52 week high with significant volumes....
Himatsingka Seide Ltd. is a vertically integrated global textile major that designs, develops, manufactures and distributes a suite of home textile products. CMP 173 and showing a good breakout above 165 with very good volume in last few weeks. Can be added for 205/240/270 with SL of 260 weekly closing basis.
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Key points whey it is bullish: The daily chart just had a breakout with more than 10x volume. which is Buy signal On Daily Fib retracement the chart had just crossed golden ratio 0.618%. Also it survived to be on top of golden ration.
HIMATSEIDE Analysis on Weekly Timeframe Bullish view on HIMATSEIDE Double Bottom Pattern Formation in HIMATSEIDE Neckline Breakout HIMATSEIDE has made double bottom patten on Weekly Timeframe. The price has given breakout to the neckline 85.45 and now it is trading above it. We can see the breakout has happend with the good volume. We can expect further...
Stock Name - Himatsingka Seide Limited Ichimoku Cloud Setup : 1). Today's close is above the Conversion Line 2). Future Kumo is Turning Bullish 3). Chikou span is slanting upwards All these parameters are showing bullishness at Current Market Price and more bullishness AFTER crossing 113 #This is not Buy and Sell recommendation to any one. This is for...
looking good at this level ...wait for a bullish pattern ... you can build for the long term.
Buy Himatseide @ current price or add till 75, stopp loss 55, Hold for long term. target 2x 3x 4x.....
All levels are mentioned on the chart. DISC: please consult your financial advisor before investing any money. This is for educational purpose only.
Breakout from resistance of 259 with good volume. RS is going above 0, with good support at 221. It's heading towards 294 then 340 in short term and 385 then 430 in medium-long term.
The stock has broken out of the resistance, and is likely to continue its upward trend. Considering the current state, the trade can be initiated with a strict stop loss of 400 for targets of 310 and 380. Please follow us for more trading setups like these. If you have any queries/suggestions related to above pattern, feel free to type below in the comment...
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart. 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.
Himatsingka Seide Cmp - 183 Stop - 150 on DCB Expectation - T1 - 440 T2 - Open, Review at 440 Expected Holding Period - 140 trading days or earlier for T1 View:- Swing/Positional Disclaimer:- Ideas being shared only for educational purpose Please do your own research or consult your financial advisor before investing
Himatseide has been range bound for almost 6 months with the weekly upside capped at 160-163. The stock has managed to breakout of this range for the first time this Friday with very high volumes. The stock has also given its highest weekly closing since June 2019. There is similar congestion in the monthly chart with the stock not being able to cross 160 on a...
Inverse head and shoulder pattern on weekly TIMEFRAME Happy LEARNING
Strong closing can buy above 160 currently at resistance zone. invest less.
Note: This is for educational purpose only. There is a symmetrical triangle bullish breakout on weekly chart with ultra high volume. RSI above 60 indicates bullish momentum as well.
NSE:HIMATSEIDE (1) Volume profile: Accumulation phase is running.. between 59.05 to 66.90 Levels And P.O.C. is standing at 62.70 (2) Rectangle Pattern range: 42.90 to 70 (3) Average high volume above trading. (4) Previous swing high was 70 (5) RSI entered into overbought zone today i.e 22/06/2020. It indicates bulls are active. Trade Set Up: Bullish Breakout...