Philipcarbon for longReason for position:
Taken support on 200 Moving average
taken support on previous low line
triangle Trend line break
Good results
Entry : CMP or 235
target : 276 or 15%
Stoploss : 226 or 4.5%
RRR: 1:3
PHILIPCARB
Philipcarb 500+probably head & shoulder in making if doesn't go below 192. If continue to stay above 230 on wcb targets 338 - 415 - 495
PHILIPCARB - Ascending Channel BreakoutThe stock was moving in an ascending channel for a few weeks now, making higher highs and lower lows.
Traders can buy the stock at cmp as it has broken above the upper channel line of an ascending channel. The move was well supported by significant rise in volumes, which confirms the authenticity of the breakout.
Considering the weekly charts, the next resistances are placed at 286 and 319, which can be taken as short to medium term targets.
Depending on your risk profile, you can keep the stop loss levels at 250 or 230.
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PHILIPCARB#Watchlist
#PHILIPCARB:- 269CMP, Looks good for more upsides :)
1) BREAKOUT DONE
2) VOL. BREAKOUT
#Disclaimer:-I just shared view for only educational purpose.
#Stockmarket #PHILIPCARB
#PHILIPCARB CMP 242.50 #Target 296 #ModiSpeech #AAPL #MSFT #TCSDaily Chart
#PHILIPCARB
NSE: PHILIPCARB
CMP 242.50
Target : 296
SL 222
RR Ratio > 2.5
Time Frame < 60 D
ITS A BULL MARKET RALLY. Bullish on whole INDIA!
Corrections followed by another high!
Factors:
Inverted Head & Shoulder Pattern Forming
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
Phillips Carbon - WeeklyPhillips Carbon - Weekly
Self explanatory chart
and by Fib Retracement 205→235 are on cards
Philips Carbon - Bullish Engulfing at SupportNote: This is for educational purpose only.
There is a bullish engulfing at support of ascending triangle. Bullish engulfing is shown in volumes as well. RSI above 60 indicates bullish momentum.
PHILIPCARB (Phillips Carbon Black Ltd) BUY ABOVE 184.2PHILIPCARB (Phillips Carbon Black Ltd) BUY ABOVE 184.2
