GREENPLY Greenply is in short term falling stock , so u can watch it for selling till the level 320 to 310,
its best entry in the stock around 310 to 320 with strict stoploss of 299, for the target , watch it have patience and get proper reward
GREENPLY trade ideas
LONGGreenply Industries Ltd
CMP: 383
Weekly Chart
Key Study Points:
-Strong Multiyear breakout with volume after consolidation.
chart highlights the recent ascending triangle breakout🚀 Overview:
This chart highlights the recent ascending triangle breakout pattern observed in Greenply Industries Ltd. An ascending triangle is typically a bullish continuation pattern, indicating potential upward momentum following a period of consolidation.
📈 Pattern Details:
Formation: The pattern has formed with a series of higher lows and a horizontal resistance level.
Breakout: Recently, the price has broken out above the resistance level, signaling a possible bullish trend continuation.
Volume: Accompanying the breakout, there has been a noticeable increase in trading volume, which supports the validity of the breakout.
🔍 Technical Indicators:
Support and Resistance: Key levels to watch for further confirmation are the breakout point and the previous resistance which now acts as support.
Price Target: Based on the height of the triangle, the potential price target can be projected to the upside.
💡 Next Steps:
Monitor: Keep an eye on any pullbacks or retests of the breakout level for potential entry points.
Risk Management: Consider setting stop-loss orders below the breakout level to manage risk effectively.
Great Buy Above 400Technicals:
RSI > 65 on all time frame
Huge Volume on daily time frame
Rising price with proper base formation
Fundamentals :
Promotor/ FII / DII : increasing stake for 3 consecutive Qtrs
EPS : Increasing 4 consecutive Qtrs
Sequential Targets : 420 / 460 / 510 / 580 / 660
Greenply Industries All Time High BreakoutNSE:GREENPLY
Greenply Industries All Time High Breakout
Entry Range: 372-392
Stoploss: 312
First Target: 565
Final Target: 650
Timeframe: 12-14 MONTHS
GREENPLY INDUSTRIES - 2018 Potential Breakout Technicals:
RSI > 65 on all time frame
Huge Volume on daily time frame
Rising price with proper base formation
Fundamentals :
Promotor/ FII / DII : increasing stake for 3 consecutive Qtrs
EPS : Increasing 4 consecutive Qtrs
Sequential Targets : 420 / 460 / 510 / 580 / 660
SL : 350 (Will trail with target)
Breakout from Triangle pattern in Greenply Industries (Monthly)Greenply Industries reached an ATH of 298.85 in the month of Jan'18 and corrected almost 75% to reach a low of 72.90 in Mar'20. It had consolidated for almost 6 months in a range before starting its upwards journey again in Nov'20. It reached a high of 254.7 in a year and started correcting again. In the process it formed a triangle pattern and has freshly started it upward journey.
It broke out of the triangle in the ongoing month of June'23. This indicates significant upside potential of minimum 67% in reaching 2nd target i.e. 298.
Long term target is forecasted to be even higher i.e. at 477.
6Year of consolidation in this stock, Can go long!!!ENTRY - 330-340
T1-400, T2-480, T3-542
Go long will have go target to go
If you like this swing setup
please like and follow
GREENPLY - LONGTERM DELIVERY CALL Buy around 312
stoploss 230
target 440 / trailing stoploss (will mention when to exit)
duration (9-12 months)
Greenply - Channel Breakout viewGreenPly :
Channel breakout possibility &
Currently resistance breakout done
Long only above 293 with support at 280
GREENPLY INDUSTRIES - BUY ON DIPSPrice Observation & Overview:
1. Currenrly near an important resistance zone, expect it to correct a bit and then find an entry.
2. Strength in the buying momentum.
3. ATH resistance is expected to break.
- Stay tuned for further insights, updates and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
Greenply industries multiyear breakoutthis stock is on the verge of a multiyear breakout. stock is attempting a third time in the daily time frame for breaking the level of 295(2017 level).
stock is given very decent results and the infra theme will also support it for the big move.
stop loss and target are mentioned.
Note: any big movement on both sides may be seen. we are not responsible for your profit and losses. we are publishing this only for educational purposes.
GREENPLY - good setup to study and take positionNSE:GREENPLY
cmp 283
watchout for close above 295
it can zoom to new highs
The objective of this analysis is knowledge sharing and education. There isn't any buy or sell advise in this article. Every stock is held for a short to medium amount of time and is positional.
It is expected of each person to carry out independent research and evaluation to ascertain whether my perspective is consistent with your studies.
Breakout in Greenply Industries Limited...Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
GREENPLY looks good We can see that the stock is about to break its resistance level. If it breaks and sustains the level, in the coming days, we can expect the stock to rise,
GREENPLYWeekly narrow range candles showing a lot of interest in a massive breakout. 30-35% move is expected in this stock.
NOTE: Study the chart/ fundamentals before you buy anything or consult your financial advisor.
GREENPLYClosed above 50dma 238.19 with increased volume. Decreasing debt and icreasing reserve. Financial retios are better than 2021 retios but rate is still same as it was in 2021.
Bullish Breakout in Greenply Industries A Bullish Breakout of Flag and Pole pattern is visible on the Daily chart of NSE:GREENPLY
MACD will gave Positive crossover on Daily and already given positive crossover on Weekly and Monthly chart. So, expecting the momentum to continue.
One can create a fresh position in the scrip as per the levels mentioned on the chart.
Risk Disclaimer:
The information provided in this analysis is based on my personal interpretation of market conditions and the available data at the time of writing. It is advisable to seek advice from a qualified financial professional and to conduct your own research before making any investment decisions.
GreenPly Inds Cmp 255.75 Rectangle BO (Weekly)GreenPly Inds Cmp 255.75 dated 5-1-2024
Weekly Chart (Positional Investment Call)
1. Rectangle Consolidation BO @ 255 (done)
2. Good Volumes
Buy @Cmp dips till 235 target 375 SL 200
It is just a view, please trade at your own risk.
Greenply - Track for Support FormationWonderful setup, descending C&H pattern on monthly charts, worth tracking for support formation for re-entry
C&H Cup and Handle on GREENPLYCup and Handle Pattern completed on Greenply.. take care with pivot resistances..
c&h target - 372
All levels marked!
2 Amazing Swing trade ideas for 10 November Markets I daily make educational content videos for swing / positional trading
