EMAMILTD trade ideas
Multiple bearish patternsThe stock looks weak below 348 (346.5 safer) making multiple bearish patterns.
Upside momentumIt is relatively outperforming the benchmark index. It broke a long term downtrend line with huge volumes and wrt to various parameters it confirms a probable upside momentum. It had achieved its 1st Tgt of ₹358 after breaking the trendline and now moving towards its next resistance zone of ₹580.
INTRADAY TRADE SETUP- EMAMILTDINTRADAY TRADE SETUP for 07-Sep-2020 --- EMAMILTD
Levels on mentioned Chart..
Emami ltd , set for a 50% return.On weekly charts Emami has broken a long term downtrend accompanied with huge volumes in subsequent weeks. It has relatively started to outperform the broader index (NIFTY50). FMCG sector has also started a outperformance.
Emami LTD. Buy @ cmp 360 for Target 590...Kindly take advice from ur Financial Advisor b4 Investing....
Trade Set Up / Investment Opportunity in Emami LimitedPlease refer the earlier charts updated wherein it was projected for 240 odd levels from 180 levels and now it is expected to move towards 280-300 kind of levels.
Please make a note that this chart is for Educational Purpose Only
triangular pattern breakout with volumeemami chart showing strenghth with good volme showes accumlation is going on bet 210-240, now stock gives triangular pattern breakout with volume keep sl 243 may go up to 280-295
EMAMI LTD SHORTThe price has made a triple top reversal pattern, which will take the price down to levels of 216. The strategy may fail and hence a stop loss at the previous high created in the trend.
Short at CMP.
SL 233.5
T1: 221.35
T2: 216
EMAMI LTDStock appears weak at CMP , might make a down move with until 207 followed by 204 levels
Stop Loss : 225
Disclaimer:
The content of the idea and the interpretation of data are solely my personal views which being said I do not warrant its completeness or accuracy.
This idea published is purely intended for educational and informative purposes, I urge traders to make their own trading decisions based on their specific trading objectives and financial position.
EMAMI LTD.The RSI reading indicates that the stock is at a near term resistance and could see some downside. There have been strong significant green bars and may see some correction or possibly a reversal. A correction and profit taking can be observed around levels of 199, if it breaks down further then that could indicate reversal around 178 levels.
Stay Tuned for the NutsAnalysed levels mentioned on chart!!!
Disclaimer : Only for educational purpose. Please consult your financial advisor before putting money into the market!!!
EMAMI LTDBuy-> EMAMILTD Above-> Rs. 210 for the target of Rs. 237 – 280++
Stop Loss Rs. 192 ........
Note... Buy only if eod price close above 210.....
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Do your own analysis &
Comment your views..
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Thank you,
Vishwajeet Sharma
EMAMILTD - PERFECT SYMMETRICAL TRIANGLE FORMATION.EMAMILTD - PERFECT SYMMETRICAL TRIANGLE FORMATION. Breakup likely to happen in near days .
