Looking good on short side as the 4H candle closed with huge wick wait for the low to break.
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Navingflour is trading inside 6th feb weekly range for last 8 weeks, and price has already given twice fake breakdown of the support trendline by creating bear traps. So enough of liquidity grab in my opinion. With so much consolidation into range now, it has high chances of giving a breakout soon.
Keep this setup in radar for a good trending move
NAVINFLOUR is making a bullish pattern with a favorable risk-reward ratio. I am looking upside of 5% in the short term.
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navinfluor 4243
Closed all-time high
Heavy volume Breakout
Support And Resistance Already Mention In Chart As trendlines use them
Strong fundamentals Stock
The stock is trading at weekly trendline and holding itself above it. Seems like bulls are still here. We have been buying all the dips like this since a long time. Trade on confirmation. Level has to break. This is one the best bullish stocks ever.
NAVINFUOR
Buy-Above 3650
Sl-3200
T-4200 4745+
NSE: NAVINFLOUR 3462
-Near Breakdown in Rectangle Pattern
-Volume and price both confirm the Breakdown
-Next level to watch 3200
-Resistance near 3600-3650
Range breakout in Navin Flourine after the consolidation of two weeks. Looks strong above ATH 3680 for swing cum intra players. Plan your risk before taking any trade.
Long Navinfluor above 3360 for the target price of 3540 with SL of 3285. Stock making the formation of Pole & flag pattern and high probability to move upward with the positive RSI Divergences. This is for your educational purpose only.
