Trade ideas
Advance enzymes , look like accumulation going on here , supportAdvance enzymes , look like accumulation going on here , support from 50 ema , near support hammer forming near 50 ema , rejecting to go down , green line target and red line Stoploss
ADVANCE ENZYME TECHNOLOGIES (BUY ON DIP)Advance Enzyme Technologies is a small cap fundamentally good company. As per Fibonacci Retracement, it has crossed the golden ratio of 1.618 and moving towards support line. Also RSI is below 35 and its trend indicates that it is taking support on RSI level of 34.
Recommendation-Time to buy on Dip for long term
Advanced Enzymes trend analysisAdvanced Enzymes is looking exciting and bullish from this level and it might take a support from its trendline to go long for the targets mentioned in the chart. It also boasts of a promising risk to reward ratio.
advenzymes cup n handle analysed on 4 juneadvenzymes cup n handle analysed on 4 June,
pros: 1) G/F/S strategy
2) weekly magic band + 89 ema on daily
3) good green volume and below avg red volumes
cons: 1) gapdown
risk-takers can enter now and hold with sl of 328 and target depth of cup
safe to enter if stock crosses all-time high
Advanced Enzymes - 3wk Darvas Breakout at 5yr Rounding Bottom Consolidated for a good 3 weeks, now ready for a breakout (unless market throws up any surprises)
Moving along with sector.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20MA on Hourly chart (on a daily close basis)
BUY GUIDANCE:
Never ever buy before 3PM. I have been burnt many many times.Try to buy between 3:15 - 3:30PM, later the better.
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note: I reserve the right to be wrong.
For educational purposes only.
Advance Enzymes - Multi Year Breakout - Target >500Advance Enzymes has come out of the Distribution / Accumulation Phase and breaking out of the recent horizonal channel. Weekly charts Pivot Stop is at 445, if it moves up from the last week hights, then there is a possibilty of Mark-up phase.
Long term +ve trend ,Breakout and then consolidation , flag-poleLong term +ve trend ,Breakout with volume and then consolidation(with very less volume) , flag-pole pattern in the making , on breakout we can enter
Advanced Enzymes 5yr Rounding Bottom BreakoutSetting up nicely. The entire sector is moving.
High chance of a successful breakout.
SL: Below Breakout Candle
TGT: Breakdown of 20MA on Hourly chart (on a daily closing basis)
AdvenzymesMoving in to a channel it has given wedge breakout with good volume. Good probability of touching upper tradeline, targeting 415/435 in near terms.
Watchout for Resistance Breakout - Keep AccumulatingAdvanced Enzyme Tech is involved in the business activities of Manufacture of medicinal substances used in the manufacture of pharmaceuticals: antibiotics, endocrine products, basic vitamins; opium derivatives; sulpha drugs; serums and plasmas; salicylic acid, its salts and esters; glycosides and vegetable alkaloids; chemically pure sugar etc.
The stock is continuously trying to break is trendline resistance but has failed due to absence of good volumes. The Company's sales has been consistently rising from last two quarters and is expected to post robust results in 4th quarter as well.
Keep Accumulating around support line.
