The 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.
#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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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...
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...
CMP: 63
- Volatility contraction pattern
- Making higher lows
- Bounced from 200 ema
- Promoters as well as FIIs have increased their stake in the last 2-3 quarters
