Supremepetro
SUPREME PETROCHEM - DARVAS BOX, Breakout Swing TradeThe analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
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Supreme Petroleum #supremepetro 1000+Breakout with volume.
Weekly volume is already above average.
Expecting 1000+
Not sebi registered. Only for educational purpose.
Take position according to your risk-reward.
SUPPETRO, supremepetro ltdreason behind it
good trend stock
good fundamental
script is consolidating for last 1 year and
and its near by all time high.
rrr = 1:6
Good Long Opportunitystop loss and target levels are mentioned in the chart . sl is on eod closing basis . follow position sizing and proper risk management .
a good flag and pole breakout happening in suppetro . but more important than any chart pattern u can see that this stock is continuously following 50 ema from 2020 lows and has rallied to these levels by taking support everytime on 50 EMA . FOR the first time it closed below 50 ema but now it has again given breakout of 50 ema and as well as retested it and also retested the trendline so now we can hope for a good upmove making new highs in recent future .
Volume also seems to be increasing after a good consolidation in tight range .
Supreme Petrochemical - Breakout from descending channel NSE:SUPPETRO
Supreme Petrochemical has given breakout from Channel
Entry @ CMP
Target 1 - 760
Target 2 - 800
SL - 680
Disclaimer - Its not a Recommendation
SUPREME PETRONote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
Supreme petroAll scripts posted here are only for study purpose do your analysis before taking any positions
Supreme Petro - Breakout of a downward ChannelSupreme Petro has given a breakout of a downward channel that has been forming over the last few days. The volume dried up pretty much during the pullbacks and the volume is growing on the up move.
Supreme Petrochem - Inverted HNS Weekly Chart
Medium to Long term.
Self Explanatory Chart.
Wait for Breakout.
