Waiting for new 2 year high??The stock always respects it's trend line and expecting it to continue the same this time also.
EVERESTIND trade ideas
Everest Industries is looking bullsihEverest is looking bullish and may give good risk and R:R
Inv. Head & Shoulder neckline breakout done..
everest ind...breaking range and range set for 60% with dipseverst ind. is attempting a breakout, if sustains , to buy on retest around 335 -338 levels, and to ride till 559 with corrections in between to add more..
Everest Industries - Strong Breakout- Huge Breakout after consolidation
- Supported with high volumes
- Entry can be at 350-358 with stoploss of 327
- Very High momentum
EVERESTIND | 50% upside opportunityCMP -353
SL- 270
Target - open
The script has halted at resistance (took a breath), and now eyeing for upside
trendlines are respected
Volumes are picking up
Add more on dips (if comes near support.......see price action)
Everestind, ready for a continuation to the upsideHuge consolidation in symmetrical triangle after good upmove, might take support from confluence zone, and start moving up, a situation which requires step by step entry.
One Right Trade's Swing Trade Idea #186 : Long on EVERESTINDThis is a public swing trade idea from "one right trade" and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow it if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
EVEREST IND Cup & handle FormationDetails given in the chart. Learning purposes only . Threats for this trade is weekly is still below 200 EMA. The stop loss is on closing basis on weekly chart. if the momentum continues upward and break the 200 EMA , then further upside as well.
short term swingprice is on support, can be considered for swing if it sustains the level, kindly keep strict stop loss
everest india ascending trianglebreak of triangle will give a good move
buy above 199.50
target could be 212,215 or above
SL at 195
EVERESTIND - Bearish Bat - Go ShortEVERESTIND has formed Bearish Bat and the potential reversal zone is 354.45 - 369.40
Target will be 340
Stop loss will be 372
Disclaimer: This is a prediction based on current market condition and it does not guarantee a success in trading.
Everest Industries - Double Bottom on weeklyEverest Industries is a turn around candidate and I like the story. Technically it is available at a good price point, where charts are showing double bottom on weekly.
Ascending Triangle breakout in Everest Industries Ltd The stock seems to have broken out of ascending triangle today around 455. The ascending triangle pattern took almost 9 months to complete. So it looks to be a strong breakout. One can go long on pullback towards 460-452 for medium to long term targets of 530-590 with stop below 415.
