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.
EMAMILTD trade ideas
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.
EMAMI Bearish ABCD and PRZThe stock has formed a bearish ABCD and also at resistance.
RSI and Stoch are in overbought region so potential reversal zone.
One can short as per the chart.
Short entry below 1270 with SL 1360
T1 1200
T2 1140
T3 1063
Stock is in No Direction Right now The stock is contracting in ascending level , if makes upper line brakes and confirms the trend the its going to make another bull run for 10 %
if drops below the lower trend line and makes a consolidation then it will spike up and then starts heading for downward trend
Lets see how it unfolds
Regards
EMAMILTD Buy above 1193 onlyChannel breakout in Emami above 1193, will be good value to pick for short term to long term
EMAMI Channel BreakoutEMAMI is moving in a long time up_channel for a five months now.
Currently on the edge, for a possible breakdown or reversal
Buy at CMP 1186 Good technical breakout at CMP and add in dips upto 1150 for short term. One can keep SL 1106
Emami breakout abv 1200 tgt 1695.Emami on verge of breaking out from 2 yrs of consolidation. Stock has formed a huge 495 rupees symmetrical triangle between 1365 and 870. Breakout above 1200 will give an upside tgt of 1200+495= 1695. Stock is part of my investment portfolio for last 3 yrs.
Emami : Can we have that Bullrun again ?1Actually I planned this stock as Intraday setup only but when looked up on larger timeframe there were 2 triangles, triangle within a triangle, if you are Intraday trader go down on timeframe & take the bullish breakout of smaller triangle. If you are swing trader, obviously the bigger triangle is for you in Emami. Let's see whether Navratna oil keep us cool or makes us hot by hitting stops :)
Emami trying to breakout of "TRIANGLE PATTERN"One may look to create long positions in (EMAMLTD), price above 1140 & also buy on dips (price range 1080-1095), for upside targets of 1450 / Higher , Stoploss to be placed just below 990.
EMAMILTD Good Bet @ 1028 - 1038EMAMILTD: LTP @ 1041
In Hourly Chart
Fib. retracement 0.618 Level @ 1028
Also Gann (3/1 i.e 30 Degree) intersect at above mentioned point.
Watch all indicators Also support the Move.
Tgt (Swing) : @ 1061, @ 1078.
TGT (Short Term): @ 1097 - 1134
Potential Bullish Butterfly on Emami LtdBullish Butterfly is forming on Emami.
Potential Long Entry @ 1128
Target @ 1173
SL @ 1105
