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EVEREST INDUSTRIES LTD.EVEREST INDUSTRIES LTD.EVEREST INDUSTRIES LTD.

EVEREST INDUSTRIES LTD.

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EVERESTIND trade ideas

Everest industries.... more downside eminent using the ichimoku system in the daily chart, reveals a very bearish sense.. there is a head and shoulder formation in the weekly chart, with the price action and the neck of the HS at the yearly pivot, the S1 yearly support most likely to act as a base after the HS does the damage to the price action supports to watchout of in the weekly chart once the yearly pivot and the 0.382 fibo support level breaks down, which is very ;ikely due to the distribution going on and giving a visual appreciattion of aHead and Shoulder formation... Disclaimer... not invested, watching not an investing/trading recommendation
NSE:EVERESTINDShort
by capsule91
Everest : Small Cap Bullish (Investment)Scrip has given breakout from right leg of H&S inverted pattern and gap is formed however, breakaway gap is needed with bulls taking the lead for momentum. Bullish momentum sign 1) SMA - Price range is above SMA-15 and SMA-200 and SMA-15 is above SMA-200 which gives strength to ongoing momentum 2) Didnt get affected much during recent NIFTY 0.70% corrections 3) Volume increase during past few sessions 4) Future positive forecast of the company due to several govt. reforms in pipeline: rakesh-jhunjhunwala.in Aiming towards Price target after confirmation. Rest in charts www.screener.in Risk reward favorable with Price to book value: 1.75, Price to Sales: 0.54. Also, The company has reduced debt However, Negative cash flow - Con should be kept to watch for
NSE:EVERESTINDLong
by amankavi
Everest - Bullish small cap (investment)Scrip has given breakout from right leg of inverted H&S pattern and gap has occured however, Breakaway gap is necessary to see the bullish momentum and for scrip to reach new highs after 52-week high Target price aimed for if the scrip manages to attain breakaway gap surge Bullish momentum sign 1) SMA - Price range is above SMA-15 and SMA-200 and SMA-15 is above SMA-200 which gives strength to ongoing momentum 2) Didnt get affected much during recent NIFTY corrections 3) Volume increase during past few sessions 4) Future forecast Company fundamentals strong for mere future due to several govt. reforms in pipeline for specific sector. Ace investors have also invested in the stock:- rakesh-jhunjhunwala.in Rest in charts www.screener.in Risk to reward ratio favorable with Price to book value: 1.75 and Price to Sales: 0.54
NSE:EVERESTINDLong
by amankavi