CARBORUNIV ready for expansion1) rising 21 MA
2) Time correction
3) F pattern
4) Retest of the breakout level
ONLY FOR STUDY
CARBORUNIV trade ideas
Carborandum- starting upmoveCarborundum universal - couple of buying sessions should start sending it higher
Box Range Breakout in CARBOUNIV Tight stoploss with good TargetEverything mentioned on chart why this will go up.
Trade according to your capital.
Don't go all in .
still you have any ques please comment it .
chart pattern analyzing This is a chart of CARBORUNIV in which time frame taken is 15m and I would suggest u to change it to 5m if you want to make it more
clearer to understand
here the chart is making inverted head and shoulder pattern and as per my analyzing I think it will go in downward direction as per
the trend
If we don't consider this inverted head and shoulder pattern then also the chart is making the rising wedge pattern which will perhaps go in downward direction
LONG CARBORUNDUM UNIVESRALCARBORUNDUM UNIVERSAL HAS BREAKOUT FROM ITS LONG TIME RESISTANCE OF 549 ONE CAN LONG FROM HERE WITH STOPLOSS OF 510 AND FOR TARGET OF 600
CARBORUNIV breaking inverted head nd shoulder pattern with vol.CARBORUNIV breaking inverted head and shoulder pattern with volume. if closing price is above 530, then we can take long position with trgt 600and sl 505.
Carborundum Universal - UP-Flag on WEEKLY ChartCarborundum Universal, after experiencing a long rally went into the consolidation for 2.5 months since 15th February. The consolidation preceded by a rally formed an Up-Flag on the weekly chart of the counter. The price gave the decisive upward breakout on a weekly candle closing on 30th April 2021 and closed at Rs. 548 with a good volume support. I anticipate the price target of Rs.778 and suggest the stop loss at Rs.514 to be followed for the first four weekly candles after the breakout candle. Thereafter, the profit booking/ exit decision should be based on attaining the price target or downward cross over of 26 EMA by 5 EMA whichever happens earlier.
NOTE: This idea is an attempt to predict the future price movements. investment decision based on this idea, if any, shall be at the sole risk of the investor.
CARBORUNIVThe stock is in uptrend and has given breakout in daily timeframe and also sustaining above it.
Volume action has also been seen in recent weeks.
Retest level: 410-420
Buy on dips.
CMP: 475
Target: 655, 720
Carborundum Universal- Weekly Breakout of 3yr long consolidation
- Good Volumes near breakout zone
- Looks good for medium - long term investment, if sustains above breakout level on Weekly closing basis
Carboruniv trading within a wedgeCarboruniv trading within a wedge/triangle. Both side breakout directions possible
*** Purely personal analysis ***
Investment in securities is subject to market risks. Kindly consult your financial advisor before investment
CARBORUNIV SEEMS GOOD ABOVE 430FOR TARGETS USE PIVOT POINTS OR ANY OTHER TECHNIQUE AS PER CONVENIENCE.
