A continuation wedge bullish is a technical chart pattern that can indicate a potential bullish trend continuation. This pattern forms when the price of an asset has been in an uptrend and then starts consolidating in a tightening range, forming a wedge shape.
In a continuation wedge bullish pattern, the price tends to break out of the wedge pattern in the...
#MadrasFertiliser formed a base for 12 weeks and then price breakout above the upper base limit.
Will add CMP 74.45 and upto 65 for 25% upside for 94 with trailing SL at 60.
Stock is hovering at 5.14PE and ROCE at 28%.
Quarterly and yearly sales are improving with decent 10%OPM
#MADRASFERT : Stock has Bottomed out and can show good upside in coming days
>> Good strength in stock
>> Volumes picking up
>> VCP seen at bottom / Rounding bottom
>> Can show Good momentum by giveing some good returns in coming days
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MADRASFERT:- stock is about to breakout keep your eye.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
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Madras fertilizer previous all time high was 53.45
week ended with good price rally with volume...
need weekly close above 53.45 for good rally towards 65++
views are educational
In January last week, Madras Fertilizers formed a Golden Cross between 50-SMA and 200-SMA on daily chart. The stock could be gearing up for a long-term rally.
High volume trade and high percentage delivery also favors the perception. The stock hit upper circuit today.
Trading into 52-week high. Could breach all-time high of 53 this week.
Resistance 3...
Note:
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...
In both the charts a breakout is being awaited from the min triangle pattern as well as the the long descending trend line.
In both the charts the targets for the inverted Head and Shoulder pattern are still in progress to be achieved.
In both the charts, the breakout will also be a breakout from a Darvas Box.
This is follow-up on Madras Fertilizers. Can check link to related ideas.
Stop Loss Hit (Trade Closed).
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only.
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 a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow it if you want to get further updates. Our objective to help anyone who wants to learn...
