bounced from 150sma 59 days box breakout possible, 2nd time in a row! for education purposes only
INDIAGLYCO is now 926 from 544 All details are there in the chart
Disclaimer: 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.
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.
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 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.
Buy = 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
Not 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...
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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...
INDIA GLYCOL CMP 842.70, Multiple Pattern-inverse head&shoulders, Round bottom, Now flag breakout at 771 ,target 880/960/1130/1210
sl-670 tgt-1059 entry-740-760 India glycol has given good breakout after consilidation
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 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
indicaglyco - 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 is going to happen… if it will break 770 than we have to buy and wait for 2 percent return..
India 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 gave bullish flag breakout ...wait for last swing high to break