ADVENZYMES trade ideas
ADVANCED ENZYME TECH LTDADVANCED ENZYME TECH LTD looking strong , Monthly, Weekly & Daily RSI closed above 60. buy above 235 , stop loss is 215.
Advanced Enzyme - Ascending Triangle breakoutNote: This is for educational purpose only.
There seems to be an ascending triangle bullish breakout with ultra high volume. Moreover, RSI is above 65 which indicates bullish momentum.
Advanced Enzymes Stock at a crucial point , confluence of the 6 and 20 SMA and on breakout with volumes can head to 250 and beyond. Time frame 1 month
Showing good strength. Can be a good candidate for LONGAdvanced Enzymes has taken a good support at its previous resistance which was formed in Nov 19. Also has received good volumes in past 4-5 weeks. Can give an upside of 15 pc in 2-3 weeks.
Disclaimer: I am a novice trader and nothing in front of the huge market forces. Just published the idea for academic purposes..
[Positional] Advance Enzyme Breakout!!Pure technical breakout.
Have to do proper fundamental analysis too.
Anyways Sl below todays low.
Advanced Enzyme Technologies Ltd: Inside bar tradeAdvanced Enzyme Technologies Ltd: Inside bar pattern on 1 hr TF chart with a spike in volumes. Strictly enter and exit strategy. Entry at INR 194.85 (High of the preceding bar) and Exit/ Stoploss (low of the preceding bar) at INR 185.10.
“The elements of good trading are: (1) cutting losses, (2) cutting losses, and (3) cutting losses. If you can follow these three rules, you may have a chance.” – Ed Seykota
Disclaimer: This idea has been posted strictly for educational purposes only and any investment shall be taken post proper due diligence and consultation of a certified Financial Advisor
Advance Enzyme Long positionIt can be a good buy above 185-190 level. Buy 50% here and rest above 206. It's a positional stock.
Advanced Enzyme Technologies (₹181.1) : BuyThe stock of Advanced Enzyme Technologies gained 4 per cent accompanied by above average volume, breaking above a key resistance at ₹178 on Tuesday. This rally has strengthened the short-term uptrend that has been in place from the December 2019 low of ₹155. Investors with a short-term horizon can buy the stock at current levels.
While trending up, the stock had conclusively breached its moving average compression (21-, 50- and 200-day moving averages) at around ₹162 in the past week and continues to trend upwards. The stock trades well above these moving averages. The daily relative strength index has entered the bullish zone from the neutral region and the weekly RSI is on the brink of entering the bullish zone from the neutral region. Also, the daily as well as the weekly price rate of change indicators hover in the positive terrain implying buying interest.
There has been an increase in daily volume over the past three trading sessions. The stock can extend the rally in the upcoming trading sessions and reach the price targets of ₹189 and ₹193. Traders can buy the stock with a stop-loss at ₹177.
Advanced Enzymes Good for medium term for target upto 230-245Good pattern Breakout in Advanced Enzymes, Buy in range of 212-198 Hold for 3 months for target of 230-245, stop loss 166. Medium Term Trades.
Investment Idea : Advanced EnzymesAdvanced Enzymes has given weekly Buy Breakout. Fundamentals of the Stock is looking good. Pledged Shares by Promoters have come down. FII's and MF have increased the investments.
Short Term Target 230
Medium Term Target 279
Long Term Targets 414/Life time High
Advance Enzymes : Trend RevesalAdvance Enzymes has saw two types of breakout on daily chart. First breakout is from falling wedge (bullish) trend reversal pattern with huge volumes. Second breakout is from parallel channel (black line) but not supported by volumes. Both the reversal have happened on log scale which is used to gauge the long term trend reversal points. On weekly chart, 10 WEMA had crossed 20 WEMA on upside. FII holdings have increased in Q4 to 16% from 4 % in Q3. It means something something is cooking in the stock which made investors to accumulate stock in the down trend and that too with huge volumes. Higher top, higher bottom series is yet to be started on weekly chart which will be confirmed once stocks gets closed above 205 on weekly basis.
Buying should be done in stock once it gets close above 205 on weekly basis with stop loss below 165 for target of 270 (wedge pattern and fibonacci retracement). Long term investors should consider as there 1st pit stop and can continue to hold for longer term.
