Sharda cropchem has been consolidating near strong demand zone of 400-420.
Stock has bounced from trendline which indicates confluence of support bounce
Stock can reverse before budget as chemical stocks have shown strength.
Low risk high reward trade. Stock has good fundamentals as well to hold for longer time horizon.
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After breaching the 5 year high of 570, we can see a base upon base formation, marked as base 1 and base 2.
750 is an important zone, we can see good price move upwards once this level is crossed convincingly.
Immediate support level is 674, below which, the level of 570 will act as good support zone.
Important: Not a buy/sell recommendation. Always keep a...
1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula:- Stop Loss/(Buy Price-Initial Stop Loss Price)
4. First sell on initial stop loss hit or close below supertrend
After a quarterly sales growth of 78% and quarterly profit growth of 111%, NSE:SHARDACROP gave a big volume breakout and came down...
1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula:- Stop Loss/(Buy Price-Initial Stop Loss Price)
4. Sell on initial stop loss hit or close below daily supertrend (for short term traders) or close below weekly supertrend (for long term investors)
5. Some other ways to sell stocks can be
a. 25% or...
#SHARDACROPCHEM
#SHARDA
Created a SMALL CAPITAL
positional long on sharda
ENTRY 587
SL 565
TGT 620
Breakout is with strong volumes.
SL On hourly closing.
#vr
posted 26.01.2022 for SHARDA CROPCHEM above 535 for a target 565 and 27.01.2022 stock made a high 577 and closed at 577.
Being Friday 28.01.2022 its always been a Investors Profit Booking Day.
Considering two days bulls fight back Nifty might Trade between 17065 - 17219.
If Nifty opens Above 17150 then Resistance at 17219 / 17283 / 17313
If Nifty opens Below 17000...
SHARDA CROPCHEM As per Daily chart Analysis stock above 535 for a Target 565. Resistance at 570
27.01.2022 Being Monthly expiry day
Nifty Above 17325 than Resistance at 17420 / 17550
Nifty Below 17183 than Support at 16980 / 16934
SHARDA CROPCHEM as per daily chart analysis is in brief consolidation zone and on 24.12.2021 it had tried to break consolidation. Stock above 345 level for a target 355 level and resistance at 359 level. Nifty monthly chart forming indecisive doji , weekly chart forming bullish candle and daily chart forming a bearish candle shows this week may continue to be...
