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)
NAVINFLUOR trade ideas
NSE: Navin Fluorine possible bounce back to 712NSE: Navin Fluorine
Pullback from 582 to high of 777 formed a consolidation channel.
Price is moving between high and low.
Formation of Symmetric triangle suggest a bounce from 667 level
Possible buy @ current level above 667 with stop loss 640 for a bounce back target of 712 to 735.
Strong resistance at 735, if break out will push price upwards towards 777
Navin Fluorine Positional Buy" Margin trading is NOT recommended. Do your own analysis before initiate trade."
Buy Below 711
Target 770
Stop Loss 658
Duration 15 Trading Days
Navin Fluorine buy setup100 EMA personality
CMP 780
Target 885
SL 700
RR 1.3 : 1
maintain position sizing
navin fluorine buy setup100 EMA personality
CMP 780
Target 885
SL 700
RR 1.3 : 1
maintain position sizing
Navin fluorine 100 EMA stock personalityBuy above 680 on a bullish candle
Target 1 - 697
Target 2 - 784
CBSL - 636
Navin Florine InternationalFundamentals-
1)A very attractive company in the space of chemicals
2)Numbers like Operating profit, net sales are doubling YoY @>15%
4)Neat and robust balance sheet
Technicals-
1)Stock is trading at all time high and has rallied a lot.
Keynote-->Its a good stock that can be accumulated at every dip.
Positive News1--> DSP Blackrock Micro CAP Fund holds 4.5L shares of this company.(Source-BSE India)
Positive News2--> CANARA ROBECO EMERGING EQUITIES holds 1.8L shares of this company.(Source-BSE India)
Positive News3-->GOLDMAN SACHS GROWTH & EMERGING MARKETS BROAD EQUITY PORTFOLIO hols 1.2 L shares of this company.(Source-BSE India)
Positive News4-->L AND T EQUITY SAVINGS FUND holds 1L shares of this company.(Source-BSE India).
Positive News5-->RELIANCESMALLCAP FUND holds 4.5 L shares of this company.(Source-BSE India).
CMP-3177(11th June'2017)
1st target-3500(6-8 months)
Disclaimer : I am a private Investor/trader who is just expressing his views. These are just my opinions and i am not giving any kind of free or paid calls. I am using this platform to share my knowledge and learn from other's knowledge. I might be/might not be invested in my opinions.
NOTE-->I give preference to the traders/investors who encourage me by commenting and liking my ideas.
