🔴DISCLAIMER ***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ****** Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have...
Look at the chart and lines and you will get the idea ..
After a failed channel breakout the stock is back to lower channel. Keep on radar - if reverses can be a good swing trade.
Buy 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.
CammlineFine 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...
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 rising wedge pattern breakout
The stock above 220 can give a good upmove
* 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
The stock is looking good above 195 level positionally for 210 and 230
Buy with 50 MA closing as SL or it break support of 160 CB
CamlinFine trading at Old resistance; if breakdown happens next support is 165; if it sustains the upside is at 195
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...
At Resistance Turned Support Area Divergence in RSI Can turn around as FMCG Sector gave a Breakout