Everest industries is looking good as a reversal trade as a swing trade. Stock is bouncing from confluence of supports.If bullish trend continues, we can see targets soon. RSI divergence is also seen during the bounce.
📈 EVERESTIND's Breakout Analysis 📉 Hello, fellow traders! Today, we're diving deep into EVERESTIND's breakout that occurred on 7th August 2023, shortly after the company announced impressive financial results. The stock has shown some intriguing patterns, and I'm here to break it all down for you, especially if you're new to the world of trading. Let's get...
NSE:EVERESTIND Day closing above 970 can see upside. Support around 870-875. ATH BreakOut.
CMP 479... Upside 600/630..Support 340
BUY - EVEREST INDUSTRIES CMP - Rs. 929 Target - 1: Rs. 1158 Target - 2: Rs. 1390 . . Technicals - Trendline Breakout . This is just a view by an expert analyst, please invest at your own risk. . Follow me for more!
1. Breakout on daily TF 2. Weekly breakout to watch for to go for short term investing 3.RR is very lucrative with pyramiding perspective from 1:5 or 1:10 RR
Stock has given BO on daily chart with good volume spike maintaining supportive trendline, follow chart for support and resistance levels.
No Overlap and In Q1 RRG EVERESTIND ready for the smart ride!
EVERESTIND has given the breakout on 8 Feb stock is retesting the levels the nice opportunity for long
have closed above 150 dma 727.13 with increased volume. debt free company.
A breakout occurred after a series of declines. The Price is trending above its 20-day moving average. The good thing is that the price is still above the 200-day moving average. The breakout candle has proper volume , so it can't be called a fake breakout
DON’T HAVE TIME TO MANAGE YOUR TRADES? - Take BTST trades at 3:25 pm every day - Try to exit by taking 4-7% profit of each trade - SL can also be maintained as closing below the low of the breakout candle Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days...
This is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. ...
DON'T HAVE TIME TO MANAGE YOUR TRADES? - Take BTST trades at 3:00 pm every day - Book profits within the first 30 minutes of the market opening - Try to exit by taking 5-7% profit of each trade - SL can be taken when the 5/15 min candle closes below 44EMA - SL can also be maintained as 3% or closing below the low of the breakout candle The levels mentioned...
Stock Name - Everest Industries Limited Ichimoku Cloud Setup : 1). Today's close is above the Conversion Line 2). Future Kumo is Turning Bullish 3). Chikou span is slanting upwards All these parameters are showing bullishness at Current Market Price and more bullishness AFTER crossing 807 #This is not Buy and Sell recommendation to any one. This is for...
Cup and handle breakout in Everest industries Ltd with high volume.
CUP & HANDLE BREKOUT At Huge Volumes. Check out Everest Industries. Do like & Share.
This is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. ...