Checkout 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...
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.
Logic: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.
CARBORUNIV- 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
Reason for long
a) Mr.14 set up
b) Triangle breakout
c) weekly high breakout possibility
d) Good engulfing
e) QQE is negative and considering its above zero line and volume positive = Positive
f) Good risk reward zone
g) SL compulsory
In 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...
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
