The stock is ready for upmove. See the levels marked on chart
The 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 Checkout my other ideas to understand how one can earn from stock markets...
Breakout with very high volume in Supreme Petrochem Limited
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.
reason 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
stop 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...
NSE:SUPPETRO Supreme Petrochemical has given breakout from Channel Entry @ CMP Target 1 - 760 Target 2 - 800 SL - 680 Disclaimer - Its not a Recommendation
Note: 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... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
All scripts posted here are only for study purpose do your analysis before taking any positions
Supreme 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.
Weekly Chart Medium to Long term. Self Explanatory Chart. Wait for Breakout.