In the Weekly Chart of EVEREADY , we can see that; we might get a very big trade for an year. we can Enter at 348-350 with 330-332 as SL and hold for bigger target. First Target is 460-462. GO VERY LONG FOR EVEREADY.
1. Price is in consolidation for 2 years 2. Market has broken its ATH resistance today, that will lead to many stocks to come out of consolidation. 3. This could be one of the stocks 4. Follow SL on weekly closing basis to trade 1:7.5+ RR trade set up
BUY above high of brakeout candle with 1:2 minimum take profit
Every ready stock is to take a long entry above 305 after BO of marked TL with a target of 340-355. Stock is forming a W pattern on daily charts, Previously from the area, well support has been taken by the stock. Now a high probability that the stock will move upside. RSI also took support at 40 & forming positive divergences. This is for your educational purpose only.
- Can also be seen as C&H pattern where handle is being formed. - Volatility contraction & Volume dry up during right shoulder - Currently At the support for more clarity watch D tf.
Please look into the chart for a detailed understanding. Consider these for short-term & swing trades with 2% profit. For BTST trades consider booking profit for 1% - 2% For long-term trades look out for resistance drawn above closing
Market Cap 2,818 Cr. Stock P/E 129 ROCE 14 % ROE 17.2 % Promoter holding 43.2 % Free Cash Flow 122 Cr. Eveready Industries India Limited is one of the leading manufacturers of dry cell batteries in India and offers products such as batteries, flashlights, lighting solutions, and home appliances. The company has a legacy of more than 100 years and has...
EVEREADY:- Stock tried a lot to give breakout but came back after getting rejected by resistance, but this time stock has given breakout keep your eye. Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this....
BUY 365-368 SL 325 T1 410 T2 470 -DKM SIR I can see the upmove from here
EVEREADY stocks breaks a trendline and gives a good consolidation now it looks like break the consolidation trendline so traders plan for LONG position on it...thanks
Levels are mentioned on the chart. Entry could be initiated after some retracement for better reward to risk. SL based on daily closing. Follow risk management and position sizing. PS. Not an investment advice.
DON'T HAVE TIME TO MANAGE YOUR TRADES? - Take BTST trades at 3:25 pm every day - Book profits within the first 30 minutes of the market opening - Try to exit by taking 3-5% profit of each trade - SL can be taken when the 5/15 min candle closes below 44EMA - SL can also be maintained as 1% or closing below the low of the breakout candle The levels mentioned...
Eveready is at support of 20, 50, 100 EMA. Taking support at 100 ema for last two days,and making shadows downside. Good opportunity for a 2:1 risk to reward trade.
Reason to buy if there is triangle breakout 1. Bulling candle; 2. High Vol showing buying interest 3. Formed Flag/pole & triangle pattern and ready for breakout; 4. Closed above middle line of BB 5. Buying interest observed during last session 6. Rejection from 38.2%
Weekly breakout.. For long time investment only. Buy at cmp 359 or near 340.. Add more at 303.. Tgts are 414-460-500++ SL below 280 weekly candle closing basis.. *For educational purposes only..
DON'T HAVE TIME TO MANAGE YOUR TRADES? | Trendline Breakout in EVEREADY - Take BTST trades at 3:25 pm everyday - Book profits within first 30 minutes of the market opening - Try to exit taking 3-5% profit of each trade - SL can be taken when 5/15 min candle close below 44EMA Now why do I prefer BTST over swing trades? The primary reason is that I have observed...
Suggestions are based on my analysis only. Please do your analysis before taking any trade.
short term price action to watch . buy entry - green close around 368 SL below 360 target near 410 Trailing SL only once price close above prev high