Make or break situationAfter a failed channel breakout the stock is back to lower channel. Keep on radar - if reverses can be a good swing trade.
CAMLINFINE trade ideas
Buy Camlinfine @183 for the target of 215Buy Camlinfine at 183
target 215
SL 179
If you go through its previous trend, it has been respecting the daily trend line. Also FIBO level of golden ratio suggests buying at current levels for the target of 215.
Camlinefine scienceCammlineFine science is following a channel on daily charts and showing a reversal for upmove towards higher levels.
Also it is respecting 200 DEMA and fibonacci retracement also suggests a buy at golden ratio
Buy it in the range of 184-185
Target will be 215-220
SL 179
Disclaimer: This view is just for educational purpose and always initiate trade by taking advice of your personal financial advisor.
RIDE THE TREND!!Camlin fine has been moving in a very good trend for quite some time now, with the recent correction it is in a very good buying zone and can easily give the target above the high of last swing, it also has the support of 50 EMA.
CAMLINFINE* TRADING IN CHANNEL
* EXPECT TO TOUCH UPPER BAND OF CHANNEL
* 26TH MAY MADE A HIGH
* TODAY HIGH ALSO SAME AS 26TH MAY
* SIMILAR TO THAT DAY VOLUME ALSO REDUCING
* SO LETS CHECK FOR DOUBLE TOP& REVERSE
* OR UPPER BAND TOUCH
Repetetive pattern suggests a bull run coming!The stock is looking good above 195 level positionally for 210 and 230
CamlinFine at Point of InflectionCamlinFine trading at Old resistance; if breakdown happens next support is 165; if it sustains the upside is at 195
CAMLIN FINE SCIENCES ( darling speciality chemicals sector)stock is has a lot of potential for growth in a very fast growing industry.(until over allocation and misallocation of capital happens by the management this industry will be very good, moderate entry barriers profit pools most likely to stay
just like WB said a shitty stock in a great industry is greater than a great stock in a shitty industry
levels are all mentioned on the chart
like the idea and follow me if you want more such ideas
cheers
Camlin Fine - For BuyAt Resistance Turned Support Area
Divergence in RSI
Can turn around as FMCG Sector gave a Breakout
Camlinfine LongThe stock is forming a bullish flag and has been consolidating from past 13 bars or 20 days with low selling volumes. Today a move of 5.83% has resulted into huge volumes trapping all the sellers. The stock is ready for an upside with a potential Target of 191.45 or 16.15 points and a SL of 164 i.e. today low giving us a RR of about 1.42. Moreover, RSI is also backing the stock with a trendline breakout and a close above 60.
Camlin Fine Science chart analysisCamlin Fine Science
cmp 190
Buy above 180
SL 160
Target 213 - 231
Uptrend channel breakout
RSI above 70
MACD +ve
Trend reversal and DARVAS box formationsIn this Script darvas box formations can be seen plus its breaking ATH
Found the Chart intersting
Intraday trade :watch for range breakoutcamlinfine making a small range buy if it breaks upper side.
buy above 178 keep Sl 174 (below last days high) or use 5 minute chart support as Sl.
Camlin Fine - CMP: 157 Triangle BreakoutIt has given a symmetrical triangle breakout with a good delivery volume. We can expect price movement till 181 in near terms.
Swing Trade Idea #241 : Long on CAMLINFINE This is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow it if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
