#GRWRHITECH trading above Resistance of 2074
Next Resistance is at 2345
Support is at 1637
Here are previous charts:
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...
NSE:GRWRHITECH continues to rise post a strong quarterly performance. Short term investors can keep a tight stop loss at 1800 here. If the market holds and volatility does not increase exponentially, then this stock is likely to do well.
NSE:GRWRHITECH
cmp 1646
very good for long term investment
PE = 23
Promotor holding = 60%
Face value = 10
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...
After breaking the resistance / supply zone of 889-929, last September the stock was rally without any base making. And finally it topped and started to form a base from November.
After 12week of base formation and a range of 22% it has finally sustained above the 1542 for the 2 weeks now. Volumes were low on retracements and last two week volumes are decent...
The stock has recently broken out of a flag pattern, and this breakout was supported by substantial trading volumes. Notably, the breakout occurred after a prolonged period of consolidation, indicating a potential continuation of the prior trend with increased momentum.
- It is the pioneer and the largest exporters of polyester films .
-It is the sole manufacture of Solar Control window films in India .
-only Company in the world with backward integration for manufacturing of its own raw material and all components for manufacture of Solar control window films.
-It is a market leader with more than 90% market share in Shrink...
GRWRHITECH Broke previous 52W high and now has come to restest it.
If market condition support and stock reverse, can reach till ATH.
For more confirmation, use 2hrs MACD crossover
Current market situation is not good, please analyse it and enter with proper risk management.
Exit point below suport line
This technical analysis of Garware Hi-Tech Films Limited (GRWRHITECH) looks at the stock's recent price action, technical indicators, and potential trading strategies.
Garware Hi-Tech Films Limited (GRWRHITECH) is a leading manufacturer of polyester films in India. The stock has been on a bullish trend in recent months, and is currently trading above its 50-day...
DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days...
Garware Hi-Tech Films
BSE:GRWRHITECH
Cmp - 923
Stop - 985 on DCB
Expectation -
T1 - 750
T2 - Wait, Review at 750
Expected Holding Period - 100 trading days or earlier for T1
View:- Positional
Disclaimer:-
Ideas being shared only for educational purpose
Please do your own research or consult your financial advisor before investing
