GREENPANEL trade ideas
GREENPANEL - A strong candidate in infra sector Greenpanel Industries ( NSE:GREENPANEL ) - Analysis done at 521, CMP 515.
Views (technical, fundamental)
• Very strong volume in Jan with 2MM (weekly average)
• LW avg volume > 1.5 times last month avg volume
• Daily RSI at 66 (CMP 515). Upward move can be sustained till 76-78
• Very strong support at 50 EMA
• Strong quarterly profit and sales growth
• Stable promoter share of 53%
• FIIs and MFs may increase stake further in Mar'22 quarter
• Strong real estate action with loan growth has been seen since Q2'21 especially with new home buyers. Movable and immovable furniture demand is robust and expected to remain strong
• Some down-move can come once RSI reaches close to 80, but shouldn't deter MT/LT investor
Greenpanel Industries One month ViewIf Green panel industries does not break 468 it will definitely reach 570 within February
Green Panel Bullish SetupGreen Panel Bullish Setup : High volume with great qtr result. SL is very tight so, Risk to reward is good.
GREENPANEL : BULLISH Buy@CMP
TGT - 500 & 520
SL - 390
Disclaimer
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
Greenpanel IndustriesGreenpanel industries.........chart for watchout.........educational purpose only
Green panel ind BullishStrong weekly closing as well as
breakout seems in daily leads
bullish may continue
GREENPANEL INDUSTRIESA channel breakout pattern is seen.
Target 345 over 8 weeks. (17%)
Stop-loss 275.
Ready for next set of Rungood breakout with decent volume, good price movement after 2nd base formation.
flag pattern - high bullish opportunity - GREENPANEL🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
Comments
Greenpanel- Weekly TFHeading towards 52W high, if broken RSI trendline + ATH, anticipating 450 levels.
TF- 5-8 months
Green Panel 30% Gain Chance, with Strong SupportStock: NSE:GREENPANEL
Timeframe: 30-60 days
Reasons to Buy:
1. Support at 61.8% Fibonacci Level, for the second time.
2. Support at the bottom of trendline.
3. Monthly and Weekly RSI are above 60, with strong uptrend.
4. Low Risk, High Reward.
Let me know your thoughts!
Greenpanel - Long swing | Trend line breakout retestedThis stock has broken it consolidation and retested the trend line breakout. i am expecting a big move in this ticker
Green panelGreen panel industries looks good stock bounce from 50 DMA. Target are 273,287,306,332 +++
Green panelStock today give closing above 50 DMA , we can go long from here quarterly result are good . Keep sl 214 on closing basis gor target 259,273,287,307,
I have done analysis of green panel.I am learning chart analysis, so is there any expert who can help me that my analysis is proper or not?
#GREENPANEL PowerplayIt seems in good uptrend. It may not give buy chance near 50 DMA. So let's try to buy it near 20 DMA. Of course with SL near 82.25
