SARLAPOLY CAN BE PUMPED STRONGLY...SARLAPOLY (Sarla Performance)
About the company
Sarla Performance Fibers Limited is engaged in the manufacturing and export of polyester and nylon textured, twisted and dyed yarns, covered yarns, high tenacity yarns and sewing thread
Weekly Chart Pattern
Setup..
cmp 50.45
any dip upto 45 can be bought
For targets🎯 55 / 57 / 60+
Above 60 it would be a inverted head and shoulders breakout
Breakout Targets🎯 64 / 70 / 77 / 82 / 87+++
Looking at Monthly Charts now....
We can see a bigger inverted head and shoulders pattern on monthly chart
Hence, If sustains above 90...
We can see a fresh breakout...
For targets🎯 95 / 100 / 110 / 115 / 121 / 129 / 135 / 141 / 150++
WCBSL can be taken as 30
Tecnical Analysis...
1) Formation in progress of..Inverted head and shoulders pattern on Weekly as well as Monthly charts...
2) Volume addition
3) At good and strong numbers
Regards..
Keshav Jain..
26/11/2023
Disclaimer & Risk Warning
I am not sebi registered analyst.
My studies shared here are for educational purposes .. Do Consult Your Financial advisor Before Taking any Trade.....Good Luck!
SARLAPOLY
MACD CROSSOVER - Double Digit Stock - SARLAPOLY📊 Script: SARLAPOLY
📊 Sector: Textiles
📊 Industry: Textiles - Spinning - Synthetic / Blended
Key highlights: 💡⚡
📈 Script is trading at upper band of BB and giving breakout of it.
📈 MACD is giving crossover .
📈 Right now RSI is around 67.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 98.50
🟢 Target 🎯🏆 - 111
⚠️ Stoploss ☠️🚫 - 92
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Happy learning with trading. Cheers!🥂
Near All time high1. On the verge of breakout with decent volumes.
2. Base formation
3. Near all time high.
Keep Learning,
Keep Trading.
⚠️Disclaimer: The views expressed here are merely personal opinions. Nothing mentioned here should be considered as advice or recommendation.
Please consult with your financial advisors before making any investment decisions.
Sarla Poly - An OpportunityThe stock has taken a support again on the trendline shown on the charts. and given a reversal. If momentum begins on the upside, this can be a good positional trade with a good risk reward.
All levels are mentioned on the charts.
This illustration is only my view, not a piece of trading advice in any form. This is only for learning and sharing purposes.
All the best.
SARLAPOLY : Breakout Stock#breakoutstock #SARLAPOLY #patterntrading #inverseheadandshoulder
SARLAPOLY : Weekly (1-3 Months)
>> Breakout Stock
>> Trending Setup
>> Inverse H&S pattern
>> Good Strength & Volume buildup
>> Low Risk, High Reward
Swing Traders can lock 10% profit & keep trailing
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Time for a reversal?Chart -> SARLAPOLY Daily
After a long trend of lower highs and lower lows, it made a higher low and broke a higher high this time. Time for a reversal?
CMP: 45.85
Good Range To Buy: 43 to 46
Targets: 50, 55, 60, 70
SL: 40 Daily Close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.