Paradeep Phosphates Ltd. at Buy SupportParadeep Phosphates Ltd. at Buy Support. CMP 109.
Resistance at 113.60, break further for beyond.
PARADEEP
PARADEEP : Stage 1 Breakout Continuation#PARADEEP #breakout #trendingstock #momentumtrade
PARADEEP : Swing Trade
>> Stage1 Breakout + Rally now consolidation
>> Ready for Continuation
>> Trending setup
>> Good Strength & Volume
>> Low Risk High Reward Trade
Swing Traders can lock 10% profit & keep trailing
Note : In the current Market Scenario even the best of Trading setup's can fail so Trade only Good setup's with proper Risk Management, set of rules for Stop-loss & proper position sizing.
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Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
PARADEEP PHOSPHATS by KRS Charts5th Nov 2024 / 10:12 AM
Why PARADEEP ❓❓
1. Strong Fundamentals in its segment, Technically Higher Highs and Higher Lows are visible. ✅
2. Was Surviving in a Range now Breakout it.
3. AVG/ Better ENTRY if gets will be 98 to 96 Rs.
4. SL is little further down due to previous Gap up in Smaller TF can fill if come down.
Target 134 Rs.
SL will be 84 Rs.
PARADEEPPARADEEP given resistance breakout after long 5 months consolidation. Probability of new run is v high.
PARADEEP - Range Breakout
PARADEEP - Range Breakout
4-Month Range:
The stock was trading within a clear range for approximately 4 months, between ₹76 (support) and ₹95 (major resistance).
During this period, the price was consolidating, indicating indecision or accumulation by market participants. The price tested both the upper and lower boundaries of the range several times, but never made a decisive breakout until recently.
Minor Resistance:
There was a minor resistance around ₹88, which the price had difficulty breaching during the consolidation phase.
This level also acted as a support level during the later stages of the range-bound movement, holding up the price when tested.
Major Resistance and Breakout:
The stock encountered major resistance around ₹95 multiple times but was unable to break through decisively until recently.
After consolidating for a while near this level, the price finally broke out above ₹95, signaling a shift in momentum from consolidation to a potential new uptrend.
The breakout was accompanied by increased volume, which adds further validity to the breakout, as higher volume confirms stronger market participation.
Post-Breakout Action:
The price spent some time just below the major resistance (around ₹92) before the final breakout, indicating the market was gaining strength.
After the breakout, the price has shown a strong move, confirming a successful breakout and marking the start of a potential bullish run.
Targets:
Target 1: ₹100 – This is a psychological resistance level where traders might start booking some profits.
Target 2: ₹107 – A higher resistance level based on prior price action, suggesting the next potential price target if the stock continues its upward trajectory.
Stop Loss:
Stop Loss: ₹88 – Placing the stop loss just below the minor resistance/support level is a conservative way to manage risk. If the price drops below ₹88, it might signal that the breakout is failing, and the stock could return to the consolidation zone.
Volume and Momentum:
The breakout is supported by an increase in volume, as seen by the volume bars rising during the breakout, which confirms strong buying interest.
The RSI (Relative Strength Index) is currently at 64, which indicates that the stock is in a bullish zone but not yet overbought, giving further room for upward movement before it faces any potential selling pressure.
PARADEEP PHOSPHATES - SWING TRADE SETUPBreakout < Restest < Bounce with good volumes from retest levels!
Nice flag setup as well!
Good to go long!
Paradeep Phosphates Ltd | AGRI Momentum StockParadeep Phosphates Ltd | AGRI Momentum Stock
Incorporated in 1981, Paradeep Phosphates Limited is a manufacturer of non-urea fertilizers and India’s second largest private sector phosphatic company.
Financial: strong
Market Cap = 6,264 Cr. Current Price = 76.8 Face Value = 10.0
ROCE = 11.0 % ROE = 11.0 % Debt to equity =1.14
Promoter holding = 56.1 % Quick ratio = 0.71 Current ratio = 1.06
Profit Var 3Yrs = 17.4 % Sales growth 3Years = 47.1 % Return on assets =3.38 %
here I discuss trending sector stock paradeep phosphates. I am technically bullish in this chart. stock is entered in unterritorial chart pattern. now we have to see how it works.
as well as stock financial is also good. And coming election would be also plus point for this agri sector stock.
Note: I am not SEBI registered financial Adviser. I solely present my views on chart .I do not charge any kind of service. This is not buy sell recommendation.
If you like my ideas than like boost and follow me for more ideas.
Thanks and comment freely
Paradeep Phospates Weekly Chart BreakoutAfter consolidated for 5weeks near resistance gave Breakout today and price made strong closing. Potentially head higher for short to medium term..!
PARADEEP: UP move soonParadeep is in pole and flag pattern and an ascending triangle. Closing above 71 can accelerate the trend. Follow the targets mentioned on Trendlines.
NOTE: I'm not a SEBI REG. Study before investing.
72 : Breakout Level Ascending Triangle Pattern in Daily Chart
Invest above 72 breakout and close above 75
Target : 106
SL : 60
Risk is yours and Reward is too yours totally
Paradeep Phosphates Ltd - Multiple Breakouts Paradeep Phosphates Ltd is India's second largest phosphate manufacturing company from Pvt sector. Multiple breakouts are seen in the chart. Parallel channel breakout, Cup & Handle breakout, trend line breakout - all are confirmed. Dividend date is on Sep 2023. A small correction can be expected after that. Have support at 68 levels. Technically chart looking good. 100 levels are within arms reach
Paradeep Phosphates- bullish- c & h breakout done.Paradeep Phosphates- C & H breakout done. both fib ext and c & h target are exactly matching. ready to buy. As its a chemical stock, the trends also favouring. can see a quick move next week. Target is 92
PARADEEP - Bullish Momentum BreakoutNSE: PARADEEP is closing with a bullish momentum breakout candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Pardeep PhosphateLong entry can be taken after the BO of the resistance area. This stock forms the HH & HL. Also RSI level above 60 on higher time frames. Good risk to reward trade. This is for your educational purpose only.This is for your educational purpose only.
Paradeep Phosphates stock analysis I daily make educational content video for swing / positional trading
