NAVINFLUOR trade ideas
One Right Trade's Swing Trade Idea #61 : Buy on NAVINFLUORPlease do like and share the idea in case you find it good and follow it for further updates on it for benefit of everyone. Also, please comment if you have any feedback. This idea by one right trade is only for study purpose and is not a trading call.
Long idea Navin FluorineNice breakout above consolidation. Buy around CMP wth SL as 1680 CB.
Disclaimer: Ideas for educational purpose.
NAVIN FLOURINE should be on your portfolio above 1690 howeverAccumulate close to triangle slide if opportunity provides
Target = 1690 = 5.6%
SL = 1470 = max 2%
*DISCLAIMER*
For educational purposes only. Not a recommendation.
Treat StopLoss as your best friend to get you out of troubles.
Resistance aheadIf it can cross above 1680 by 8th July,it may break out. Tomorrow resistance at 1645.
NAVIN FLUORINE | IT MAY BREAK AFTER SOME SESSION | KEEP AN EYEAbove 1700 level looks Bullish. Let it Break! It may take some days.
Buy Navin Flourine @ 1560 I took a pilot position at 1560 and I will be looking to add at current levels or closer
Technical: stock quickly recovered from recent COVID-19 crash lows. It held 2019 lows and surged higher very quickly to make new highs. up days are on relatively higher volume as compared to down days. down days are on very low volume, which signals that the selling may be dissipating. This is a good setup.
Fundamental:
This stock shows great sales and profit growth.
5 years of sales growth - 15%
5 years of profit growth - 21%
Margins are stable since past 4 years upwards of 20%
The company has zero Debt
TTM earnings up 14%
NOT SUREIt is mere speculation that such a pattern could happen.
We need to wait and let the trade show its cards.
This is not a call.
Don't jump right away without thinking.
This Sunday we will do a MANN KI BAAT on RISK MANAGEMENT.
-Stay Tuned
Want to make money along with me?
- Click on the follow button.
Navin Fluorine - C&H pattern in 3Hr chart.1. Stock is currently reversing from 52 week high.
2. Go long at 1528-1530 i.e. C&H BO level with stop below 1383 for targets 1675 & 1820.
Enter only if trend supportive (ROC/MACD)
