Trade ideas
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.
ADVENZYMES (Advanced Enzyme Technologies Ltd) BUY ABOVE 167ADVENZYMES (Advanced Enzyme Technologies Ltd) BUY ABOVE 167
ADVANCED ENZYME TE Bounce Uptrend TradeEntry will be on 2nd August with 212.55 and initial stoploss is 206.25
Updated StopLoss will be on 8th August 213.85
As the StopLoss is hit , points obtained will be 213.85-212.55=1.3
#ADVANCED ENZYME : FALLING WEDGE BREAKOUT PATTERN#AVANCED ENZYME - POSITIONAL CALL
03 AUG 2018
BUY 50% @ 216-220
& REST 50% ABOVE 250
FOR TGT 340-360
SL 200
(STRONG RESISTANCE 245-250)
CMP 220
Advanced Enzymes Long SetupAdvanced Enzymes was in downtrend and now made a base around 210 to 230 levels and seems to be at good daily demand zone
I would buy it around 220 to 225 for immediate target 251, 265, 279 & more. please follow fib ratios for upward targets
Immediate SL would be 209 and Long term SL would be 199
ADVANCE ENZYME BREAKOUTFalling wedge breakout happens in Advanced enzymes, now it is at resistance 240rs.
ADVENZYMES SEEMS TO HAVE BOTTOMED OUTADVENZYMES, has made a new 52 week low, going with the Fibonnacie Theory, Upside on Cards
Even the Stockastic RSI has moved up towards the 20 zone.
Stop Loss below the 52 week Low
Target : 20 Points from the CMP
Advanced Enzymes - Positional BUYBuying Advanced enzymes for positional for the targets of 323 and 360.
Add on dips upto 270 - 265.
advanced enzmes - short callit have already breached the important support level of 283, it may test 240 with support-1 @ 261, Support-2 @ 250
Advanced Enzyme Technologies Ltd is buy above 312The Stock is possibly moving upward with a long above 312 for a T1 of 345 and T2 of 356 and stoploss of 280.
#ADVENZYMES - Bullish Pennant FormationLooks like ADVENZYMES has bottomed out around 250 zone and stock has been making higher highs. It has formed a small pennant on daily chart. Above 313-314 looks good for upside level of 350-360 zone. Below 293 pattern failure.
Advance Enzyme:272, breakout fromTL. Next resistance 315 Stop:25Advanced Enzyme:272, having a breakout from the falling trend line. Next resistance 315
Stop:258
