Phillipscarbon
PHILLIPS CARBONNSE:PHILIPCARB is a proxy play on the chemical sector, with average fundamentals.
But, on the daily time frame stock is getting very strong support at 217.
one can add this stock for a very short term target of 245, and, 1-month target for 269
Phillips Carbon seems to be fueled up!CHART -> Phillips Carbon DAILY SETUP
1. Stock is giving an inverse head and shoulder breakout, with morning star formed at the end of consolidation.
2. Huge volumes can be seen at the time of breakout.
3. Stock was consolidating around 200 Days MA, before it gave a break out.
4. RSI has gone above 60 shows strength of bulls.
Considering above points, Phillips Carbon should be fueled up to test it's all time high of 277 again.
Disclaimer: This is for educational purpose only. This is not any recommendations. I am not SEBI registered. Please consult your financial advisor before taking any action.
Cup pattern in Phillips carbon black. Cup pattern in Phillips carbon black. May move towards upward direction. SL 216, Target based on Risk and reward ratio.
Phillips Carbon BlackPhillips Carbon Black can be bought above Rs.215 for targets of ~Rs.270. The Stock is an indirect beneficiary of the auto sector as Carbon Black is primarily used in Tyres. The stock is cyclical in nature and therefore, one should always follow technicals.
Philips Carbon near a Breakout!!As you can see in the chart that Philips carbon is heading towards its resistance which is 170.85 , If tomorrow's market is bullish, then it can give a breakout tomorrow.
Philips Carbon - Bullish Hammer at first pullbackNote: This is for educational purpose only.
There seems to be a bullish hammer at first pullback post breakout.
Philips carbon: Could be Golden -Target 150Looks good.
How come Carbon Black , Graphite India , HEG ...all of a sudden have started looking good?
Is there something going on in the Industry ??
Phillips Carbon: Another Breakout Candidate The stock was highlighted earlier . The price action subsequent to this post has been constructive. A nice range breakout has happened. Keep a watch on this one.
Phillips Carbon Black: Nice Consolidation, Awaiting BreakoutStock is in a major uptrend. It's been consolidation in a tight trading range in the past few weeks. Price action in the past few days has been constructive and the rally today is promising. A breakout past the high of the range, backed by higher volume will be interesting.
I bought this stock today. Would add more on a breakout. Watch this one !!
