May turn back after prolonged bear runIn a long down trend the stock should find support at 210. Intermediate term resistance is at 315 and target is 525 in the medium to long term
SADHNANIQ trade ideas
Change in trend expected in near termSadhana Nitrochem has the strongest of the support of ascending angle 1/1 at 304, which will ensure that the stock will bounce back from this level, if it happens to fall to that level. It is hoped that the consolidation will be complete in next seven trading days, if not earlier.
broke supportBearish,Went bellow the support level. will turn bullish after closing above 941 next support is 855
May turn bullish anytimeSadhana Nitrochem: With the current rate of downward movement the stock may find 1/3 support at around 900. This by no means implies that the stock will make such consistent down move. It may turn bullish anytime and cross ¼ resistance line and will remain above the line, where the chart’s activity belongs majority of the time.
Indicates support at ₹ 1012.₹1012 has been the support for the entire month. It has bounced back from this level in the past 3 trading sessions. Indicates strong support at this level in the short term.
May turn aroundStanding on support at 1046 and may not go down any more. If bullishness returns, target will be 2000.
May turn bullishSadhana may return to its bullish movement and targets will be 1082 and if it sustains next level will be 1200 in intermediate term
Sadhana bearishIf Sadhana remains bearish, may find support at 950, from where consistent up move may take to 1700 and above.
Gone above 1/4 lineSadhana Nitro, which had gone down the ¼ line 20th August, has recouped ¼ line on Friday. We are now likely to see a level of 862 in near term and a down trend may follow. Medium term target is at 1350
Presently the price has gone below 1/4 line. It has to recoup and go above the line at 750 for reamaining bullish. Else it will visit 650 for touching channel line and further movement
Tomorrow 1/4 support should holdTomorrow 1/4 support should hold for any up move from there, else to complete the channel, a level of 635-640 can be seen in short term.
BullishIt seems the stock will hit the roof of the channel at 810 very soon. Will we see a breakout of the channel from there? Depends on the bullishness of the stock.
Sadhana has a solid 1/4 support In the shrot term a level of 805 can be seen. Any bearishness can find a support at 625
