Here I have created the strategy where ! can see 3 moving average at once and also the cross over of 4dma 50dma and 200dma if a stock crosses 200dma than the cross over can be defined as bullish or bearish and is trend setter for long time depending on which side the crossover is happening it works for stocks to be kept for long duration for investors mostly.
ANDHRSUGAR near major support with positive RSI divergence, we can buy at current price with strict SL @ 107 on daily time frame closing basis. TGT1 : 121, TGT2 : 126
Note : It's your hard earned money always trade with SL, I'm just sharing my analysis
50% Momentum is going to come in this.keep on eyes
50% Momentum is going to come in this.keep on eyes
50% Momentum is going to come in this.keep on eyes
50% Momentum is going to come in this.keep on eyes
Another stock which has consolidated while both the industries it is part of (Sugar + Caustic Soda) currently have a lot of tailwinds.
The stock could follow something like a Sujarat Alkalies and move a lot higher.
The stock as consolidated for over 2.5 months at these heightened levels hopefully forming a new base for its next move.
Long at current price with...
NSE:ANDHRSUGAR
ANDHSUGAR - Inverted H & S
View : Bullish for long term
Long above Neckline of 125 as support
Pattern = Inverted Head and Shoulder indicates Reversal
Breakout = Multiyear breakout - Strong Breakout after 1428 days or 204 weeks
Retest 125 level and touched another support at 113.
All time high breakout expected in near time 145.30
CMP...
Levels are explained in charts with Entry, Target & Stop Loss.
Disclaimer: This study is for educational purpose only & is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
