CARBORUNIV#CARBORUNIV - has entered into the demand zone once again. Wait for the price to cross the dotted line on the chart before entering the stock.
CARBORUNIV trade ideas
Carborundum Universal cmp 1450.80 by Daily Chart view*Carborundum Universal cmp 1450.80 by Daily Chart view*
- Support Zone at 1338 to 1363 Price Band
- Resistance Zone at 1545 to 1590 Price Band
- Daily Support at 1390 > 1305 > 1215 with Resistance seen at 1545 > 1635 > 1745
- *Stock has made back to back Rounding Bottoms with a hurdle to surpass at the Resistance Zone*
- *Price closure above Resistance Zone with incremental Volumes would prove beneficial for fresh upside breakout*
CARBORUNIV#CARBORUNIV: Bullish Reversal Confirmed
Key Highlights:
Successful retest of supply-turned-demand zone
Increasing volume on bullish candles
Daily chart confluence: Close above 20, 50, and 200 MA
RSI turns green on daily and weekly charts
Buy Opportunity:
Entry: Current levels
Stop Loss: Below demand zone
Bullish implications:
Reversal of downtrend
Momentum shift
Potential upside movement
VCP pattern CARBORUNIV VCP pattern in Daily time frame is developing in Carborundum Universal Limited.
The Volatility Contraction Pattern (VCP) is a technical chart pattern often used in share trading to identify stocks that are preparing for a breakout.
Key points from analysis:
VCP development: The stock is exhibiting volatility contraction, typically seen before a potential breakout. More than one VCP may require before the actual breakout.
Volume profile (screen-2): Observing volume is critical, as increasing volume during breakout attempts can confirm the move.
Cautionary note: VCPs can fail, so this is not a recommendation to buy or sell, but rather a signal to watch the stock for future trading opportunities.
It's essential to monitor the stock in the coming days to see if the price action fits your entry criteria and aligns with your strategy.
disclaimer :This is not a buy sell recommendation - only for study purpose .
Carborundum Universal Huge Breakout NSE:CARBORUNIV Price Breakout on a weekly time frame with good vol.
*At this zone Risk Reward is not good
*Can wait for retest or consolidation
Carborundum-A quick breakout swing tradeLogic:Breakout retest done and fresh flag breakout of consolidation
Targets are based on Fibonacci retracements.
Company has strong fundamentals. Good stock to invest on dips as well.
Idea is shared as a swing trade for educational purposes. It will help you understand power of flag breakout and continuation patterns.
CARBORUNIVBased on price moving and Ema
positions Up move possibility is higher
This is only for educational purposes.
CARBORUNDUM - swing entry , volume Build up Small target entry
Market Should be bullish at the time of breakout
Then only entry should be done
CARBORUNIV Good Consolidation BreakNSE:CARBORUNIV This Stock Good Consolidation Breakout (300 Days ) so wait for Weekly Closing
CARBORUNDUM UNIVERSAL - Swing Trade - 23rd March #stocksCARBORUNDUM UNIVERSAL (1W TF) - Swing Trade Analysis given on 23rd March, 2024
Pattern: FALLING WEDGE BREAKOUT
- Resistance Breakout - Done ✓
- Volume buildup at Resistance - Done ✓
- Demand Zone Retest & Consolidation - In Progress
#CARBORUNDUM
Amazing breakout on Weekly / Daily Timeframe - CARBORUNIVCheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME.
PS: No new Nifty500 script can escape from me when making a breakout. :-)
PS: People who missed my first BO level, can re-consider this BO level when a proper candle close is seen in Daily TF.
NOTE: Sorry for being offline these many days. I had a family member passed away!
Carborundum Universal Carborundum has given breakout of trend line of after july-23 with high volume. One can go long with this stock for new big target. Stock will given 20% to 30% move from this price.
CARBORUNIV- VCP in Making X weeks X Range above 144CARBORUNIV- VCP in Making X weeks X Range above 144
1) Consolidatin in Progress
2) VCP in formation
3) Lets see and Make sure to Upvote and give thumbsup
Resistance to support.. Here there is breakout and retest of all time high.
Supertrend retest also seen
Good low risk entry possible.
CARBORUNIV: Demand Zone, Rising Trendline, and RSI DivergenceIn this analysis, we will dive into the technical aspects of CARBORUNIV's weekly chart, focusing on key indicators such as the demand zone, rising trendline, and RSI divergence. By examining these elements, we aim to provide insights into potential trading prospects.
Technical Analysis:
Let's explore the technical factors on CARBORUNIV's weekly chart that can influence trading decisions.
Demand Zone:
The presence of a demand zone on the chart is a significant indicator. This area suggests a potential increase in buying interest, often leading to price reversals. Traders frequently view demand zones as potential entry points due to the likelihood of price bouncing back from these levels.
Weekly Rising Trendline:
The touchpoint of the rising trendline emphasizes the possibility of finding support for the stock's price. A rising trendline reflects a consistent upward movement over time, reinforcing the idea that the stock might experience a bounce from this level.
RSI Divergence:
The observed divergence on the Relative Strength Index (RSI) is another crucial aspect. Divergence occurs when the price movement and the RSI indicator show a disconnect. This can signal a potential reversal or change in price direction. In this case, the RSI divergence supports the notion of a price rebound.
Trade Strategy:
Considering the technical signals on the chart, a possible trading strategy can be outlined:
Entry: Contemplate entering a long position at the current market price (CMP) of ₹1089.
Stop Loss (SL): Set a stop loss at ₹1017 to mitigate potential losses.
Target: Aim for a target price of ₹1181, considering the influence of the demand zone, the touchpoint on the rising trendline, and the RSI divergence.
Conclusion:
Based on the technical analysis, CARBORUNIV's weekly chart presents a compelling scenario for traders seeking trading opportunities. The convergence of a demand zone, a touchpoint on the rising trendline, and RSI divergence suggests a favorable outlook for the stock.
It's important to remember that trading carries inherent risks, and traders should employ effective risk management techniques. Additionally, investors seeking a comprehensive understanding of the stock's fundamentals should consult financial advisors before making trading or investment decisions.
As with any trading strategy, staying updated about market developments and closely monitoring price movements is essential. Integrating technical analysis with prudent risk management can contribute to well-informed trading decisions.
confluence area tradeBullish engulfing bar at
200EMA
Fibb 0.618 level
previous resistance turns support
CARBORUNIV Analysis :CARBORUNIV
LTP : 1082.45
Support : 970-1035
Targets: 1177/1338/1520++
Disclaimer:This is my personal view. Prior to making any investment or trade decisions, please consult your financial advisor.
#CARBORUNIV #StocksInFocus #stockmarkets #investing #SGXNIFTY #NASDAQ #nifty50
#Carborundum unvrl cash : Flag pattern formation breakout#Carborundum Unvrl cash -Positional call
19.07.2023
Looks good above 1235 and add more above 1260.10
Stoploss 1160
Tgt 1360-1480
Cmp 1218.35
Carborundum Universal looks positive on trendline chartsEntry Level - 1195.90
SL - Close below 1160
First target - 1270
Entry reason - Trading near trendline support
CARBORUNDUM UNIVERSAL making new breakoutCARBORUNDUM UNIVERSAL, a Murugappa group company is making new breakout to new highs. Momentum as shown in RSI, and relative performance to broader CNX 500 index are strong. Volume also looks good.
Jesse Livermore says “Go long when stocks reach a new high, sell short when they reach a new low.”
Only personal analysis. No recommendation.
CARBORUNIV - Long Setup, Move is ON..NSE:CARBORUNIV
✅ #CARBORUNIV trading above Resistance of 1215
✅ Next Resistance is at 1360
✅ Trading at all time high
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
CARBORUNIV LONGCARBORUNIV Looking Bullish gave cup and handle breakout in weekly time frame .One can go for long for the target of 1200 with SL 800 .
CMP: 991
TARGET : 1200
STOPLOSS : 800
Carborandum good entry at given levelCarborandum good entry at given level Results for this quarter look good
