Rushil Decor Ltd.
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Market insights
RUSHIL DECOR LTDIt is a 994 cr company which manufactures Plywood and MDF board with a P/E of 23 as compared to industry P/E of 35.
On chart it is above 200 DMA. Almost a year downtrend has been broken and last week volume is on higher side. It has resistance zone 390 to 405. above that it can go higher, first target can consider above 500 which is again a resistance zone as marked in chart.
SL can be consider when long term uptrend is broken(weekly closing) as marked on chart.
This is not a Buy/ sell recommendation.
RUSHIL DECOR - Swing Trade Analysis - 3rd August #stocksRUSHIL DECOR (1W TF) - Swing Trade Analysis given on 3rd August, 2024
Pattern: SYMMETRICAL TRIANGLE BREAKOUT
- Weekly Resistance Trendline Breakout & Retest - Done ✓
- Strong Pullback candle after retest - Done ✓
- Demand Zone Retest & Consolidation (for a small SL and a better RR) - In Progress
Please Note:
- There is a stock split expected on the 9th of August
- Only working on the momentum for this trade
* Disclaimer
RUSHIL DECOR - Price analysis & Observation1. Consolidating as of now.
2. Above 450 I will be interested.
3. Moves can slow and choppy. (Not a momentum trade)
4. Results are weak.
5. Decent volume spikes means this can be a good accumulation zone.
- Stay tuned for further insights, updates and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
Rushil Decor Looking good
Good day,
Hello Traders,
De Nora is looking good after forming a big rounding bottom pattern on Daily Time frame as of now.
May head towards the target of 2000+ in the coming days
Keeping 1688 as strict stoploss one can go long for a Risk Reward 1: 3
Time Frame: Daily.
Chart Self Explanatory.
Disclaimer: I am not SEBI registered analyst; this is for educational purposes.
Please trade as per your risk and do consult with your financial advisor before taking any
trading decisions.
If you really like the analysis, please do comments, LIKE and Follow me.
Double Bottom & Head and Shoulders Bottom PatternRushil Decor Ltd.
Daily Chart showing Double Bottom & Head and Shoulders Bottom Pattern Formation
Double Bottom Pattern
The price seems to have reached a bottom after failing to break through a support level and ultimately rising higher in a sign of reversal to a new uptrend.
The Double Bottom pattern forms during a downtrend as the price reaches two distinct lows at roughly the same price level.
Head and Shoulders Bottom Pattern
The price seems to have reached the end of a period of "accumulation" at the bottom of a major downtrend; the break up through resistance signals a reversal to a new uptrend.
The Head and Shoulders Bottom is created by three successive declines in the price following a significant downtrend.
Note for everyone who came across this reference:
This chart analysis is only for reference purpose.
This is not buying or selling recommendations.
I am not SEBI registered.
Please consult your financial advisor before taking any trade.
📈 Exciting Bullish Pattern Alert! 🐂📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Symmetric Triangle
📌 Symbol/Asset: RUSHIL
🔍 Description: Stock is in a consolidation and making pattern. Soon we can see momentum after breakout or breakdown !!
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation. Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
RUSHIL LONGEarlier posted the CnH is playing out beautifully.
On a larger TF, its a rounding bottom bo or even better an IHnS above 635.
The atrgets of this come to 4 digits as marked on the chart.
Quite undervalued and commentary is good from the management.
This stock is a definite buy with a poitional SL of 540 on Wclbs.






















