Navin Fluorine isn't it really Insane NSE: NAVINFLUOR
If Breaks Then The Targets could be Taken at 3820
Time Frame :- 1 Hour
Patterns Name :- Inverse Head and Shoulder
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Navinfluorine
NAVINFLOUR - Strong Bullish Engulfingtoday in Navin Fluorine a strong bullish engulfing candle has formed.
tomorrow i.e. 12/27 there is a very high chances of the price to move upward.
also there seems like an ascending triangle formation which may help the price to move up.
-RSI crossing 70
-very high volume buying compared with 10 days average
-delivery remains low of 18%
-good for intraday or weekly trade.
navinfluorineNote:
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NAVINFLUOR SHORTI hope you can now see how NAVINFLUOR represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these charts are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
NAVINFUOR - Going To Make ATH - Swing CandidateThe 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+
NavinFluorine - Go Long - Weekly #NavinFluorine #weekly
=> On Weekly chart it follows rising channel pattern forming Higher highs and Higher Lows.
=> Clearly bounced back from the support level(Positive Divergence)
=> Increase in volume confirms bulls are in control
=> Historically, it takes support from 20 sma and bounced back. Now took support at 20 sma
=> Immediate resistance placed at 3973, it's good to go long above the resistance.
=>Can go long till upper channel trendline, later when breaks can re-enter.
=> SL is previous week low, in this case RR is bit high.
=> This is only for educational purpose, Trading involves Substantial risk of loss, pls consult your financial advisor before investing