EMAMILTDEMAMILTD has closed near to trend line and forming Symmetrical Triangle and can have BO or BD on either side.
Its CMP IS 194.9 and have strong resistance at T1-200 & T2-204 for buying side and support at T1- 190 & T2- 184 on selling side.
EMAMILTD trade ideas
EMAMI LIMITEDEmami Ltd fell from his very high and has try to find a support at around 300 level recovering from its low of around 250 Level. It was clearly because of the Bearish Wolfe Wave formed shown in green color.
And surprisingly the support it has taken seems valid on both monthly and weekly chart. And the accumulation of shares by the Fund houses in the recent quarters are as follows:
SEP '19 JUN '19 MAR '19
58,398,713 88,958,141 51,277,096
(Just take a look at the accumulation phase by the DII'S)
Currently it has given a break out from its recent resistance. And hope it will now move towards its long term resistance. This could be good level to buy for some action in the recent future. However this is a weekly chart and patience with the investment is strictly needed.
EMAMI LTD LONGNSE:EMAMILTD
Only for education and information purpose. Should not be taken as a trading call
CHART BY HARMONIC LEARNING AND EARNING
Can go long in EmamiI see it's almost bottemed out and we can go long with 303 SL for 450-500 target..
EMAMILTD - Bullish Bat - 2H TFBullish Bat pattern is observed in EMAMILTD in 2H Chart. Intraday BUY near 394-395. (Target - 402, SL - 390, read below)
I just started learning harmonics, so I'm not sure about the Target and SL yet. Want to get comfortable first, in drawing patterns according to the rules and see how it works.
EMAMI LTD , Long Idea for Swing trade 19 feb 2019I would greatly appreciate , if you give me LIKE .
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Idea is for positional trading not Intraday trading.
EMAMI showing strong Bullish MomentumEMAMI is looking good for going long , it is currently in a pullback which is weak.
Weak below 465-460This is monthly chart of emami. THis stock has been consolidating in a 200 point range for sometime now. If this range breaks, the stock could slip towards 280/260 levels.
Rectangle pattern formed in EMAMIRectangle pattern formed in Emami Ltd.
If breaks upper line then formed buy signal
Do not get trapped with small trend Currently they are moving price up , High likely they will make an Contracting Flat before braking down , its not Good idea to Buy this up trend as structure is weak
EMAMI Range BreakoutEAMAMI has been moving in a range for a while, currently testing the neck. Awaiting a breakdown or reversal on account of results next week.
