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,
Weekly 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.
Closed 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.
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...
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 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...
#greenply #breakout #consolidation #trending
GREENPLY : Short term (1-3 months)
>> Trending stock, Good Results
>> Breakout with Volumes
>> Good Relative Strength in stock
>> Swing Traders can lock their profits at 10% & keep trailing
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Disclaimer : This is not a Trade...
GreenPly gives trendline breakout with high volume on daily timeframe. stock continuously gives resistance from trendline and now gives breakout with high volume on daily timeframe. Current Price = 180.95 1st Target = 208 2nd Target = 230 3rd Target = 250. Stop Loss = 170(Closing Basis). NSE:GREENPLY
I am not a call provider, not SEBI approved person. All the charts and PnL here are for educational purposes. Consult a professional financial advisor before you invest.
Note: This analysis is for educational purposes only and should not be considered as financial advice. I am not a SEBI registered analyst.
Greenply, a stock that has been facing resistance since December 2022, recently broke out of a rectangle pattern on 5th May with significant volume. After the breakout, the price has moved up and is now approaching a retest...
