Indian GlycolDisclaimer: This is for demonstration and educational purposes only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before making any trade.
INDIAGLYCO trade ideas
Breakout and retest. Can be bought around middle of the candle.Stock had given a breakout and has today successfully retested the breakout zone. From here price can consolidate and can be a good buy around middle of today's candle.
Breakout in INDIAGLYCO(LONG)Very good structure
Good volume in uptrend and volumes drying up during downtrend/ consolidation
Buy at CMP or wait for candle close
Support near 635-600
weak below 600
Market Cap-- ₹ 2,361 Cr
Stock P/E-- 12.5
ROCE-- 11.5 %
ROE-- 13.9 %
Free float only-- 37%
India Glycol- 1 Day Time-frameIndia Glycol recently gave breakout from its multiple times tested resistance and soon after that, the stock has risen tremendously. And after such a strong move it is now consolidating inside Mother candle for 7 days straight, once we see a breakout from on upper side from the Mother candle's high one can take entry in this stock for given targets.
Bullish NSE:INDIAGLYCOBuy = 1000
SL = 839.88
Target 1 = 1320.24
Target 2 = 1480.36
04/10/2021
Bullish NSE:INDIAGLYCO-->India Glycols Ltd.
Buy for short term
Pennant Like formation in this counterNot the prettiest of pennants I would say. In weekly charts the stocks looks in consolidation for sometime respecting 640 levels on weekly closing basis. Fresh impulse seen above 708-710 in charts but would need volume for the same. The length of the pole is 250 point and hence target looks roughly at levels of 1000 ( 750+250).
RSI for the highlighed frame of few months dint exceed 60 and now post break out has taken support at RSI 60 which indicates strong support and value buying at lower level. Any sort of surge in volume could take the strong further up.
Disclaimer: This is just for educational purpose and not a recommendation
FY21-22 Swing Trade Idea #189: Long on INDIAGLYCOThis is a public swing trade idea (other private ideas accessible through website) and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
DARVAS BOX BREAKOUT NSE:INDIAGLYCO
INDIAGLYCO has beautifully broke out from a symmetrical triangle pattern in the month of June formed a DARVAS BOX consolidation for almost 88days.
Volume breakout is higher, indicators are turning bullish, yesterday it has formed a long bullish candle and hits a new 52w High. Breaking out from this consolidation box can give another 20% returns with some consolidation.
Things to remember, price can retrace back to support level or it can form a Doji candle before moving up.
Nifty is at all time high level, any furious correction can turn the momentum in this stock as bearish.
LONG india glycol FOR BIG TARGET OF 1210INDIA GLYCOL CMP 842.70, Multiple Pattern-inverse head&shoulders, Round bottom, Now flag breakout at 771 ,target 880/960/1130/1210
Bullish set-up on India Glycol This scrip had given a breakout from a round bottom pattern and retested it too. So if we go by trade setup then our should be ~ 72% which is around 1067. I haven't traded these type of patterns before, I'm also new to it but i guess its a reliable one.
India Glycol - Breakout from range. Long consolidationIndia Glycol was trading within a range since a couple of months. Today the stock has given a breakout from the range. Upper Wick gives lesser conviction. It can retest the breakout level
INDICAGLYCOindicaglyco - keep eyes tomorrow
it's in a consolidation range for 3 months between 650-770
once break 770 we will enter - we can get at least 100 points from here
so positional target 880-900
Breakout happeningBreakout is going to happen… if it will break 770 than we have to buy and wait for 2 percent return..
Accumulation zone BreakoutIndia glycol came out of accumulation zone today with strong momentum & with volume , stock retested its corona top and now ready for big move, volume candles telling the truth
INDIA GLYCOL billish flag breakoutINDIA GLYCOL gave bullish flag breakout ...wait for last swing high to break
India Glycol Multiyear BreakoutSimple 13 year old consolidation with high volumes.
Stocks give multibagger returns after breakout of such long consolidation.
Longer the consolidation more powerful is the breakout.
Below is Weekly chart.
Perfect high volume breakout bar & Retest.
Never miss out on such setups!
#INDIAGLYCOLooks good if break upside @696.50
Add to #watchlist, keep eye on it.
Education purpose only.
tight baseWent long at 730 looks good. Nice tight consolidation after a quick move from the previous base. Looks good for the coming week.
Consolidation Phase - Expecting Breakout ✌✌✌This scrip is expected to give breakout and for short Term. So traders keep on your radar to catch the momentum and enjoy the profit. Thanks to all 🙏🙏🙏
