SEYAIND trade ideas
SEYAIND : Weekly BOSEYAIND : Weekly BO
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
Expecting Breakout both for swing and short term ✌✌This scrip is expected to give breakout as it is near trendline. So traders kindly keep on your to catch the momentum and enjoy the profit. Thanks to all.
Seyaind - Bullish viewSeya industries look bullish from here. Triangle price compression happening on this script.
Expecting short term target up to 110 and long term 250.
Its for Long term investment
Seya Industries is engaged in manufacturing of Speciality Chemicals intermediates.
Book Value = ₹ 345
SHORT SEYAWENT UP ON LOW VOLUME , HAS AN OLD TRENDLINE COMING (SUPPLY) WHICH IT DOES NOT LOOK POISED TO BREACH.
SEYA INDUSTRIES- Learning to catch Explosive stocksThis stock has a Market cap of just 159 cr.
I just happened to see the stock with a HUGE volume bar.
I drew the line from the top connecting the resistances and found it to be a BREAKOUT.
Then, I spotted another squeeze and connected the supports and resistances after which I spotted the same pattern on the RSI as well.
Next I plotted the 50 & 20 DMA and found it to be just above the breakout area of the squeeze.
The MACD also is on the verge of a crossover.
Lets observe and see if this stock turns Explosive or not ? If yes, Analysis is working great and we will spot more explosive stocks this way. If not , we will learn what went wrong.
weakness is seen, strong support is 425!Seya would regain its strength if closes above 510 n sustains there. it might trigger exit if closes below 425.
BullishCrossed an important 2/1 ascending angle resistance on Friday. Now there are some minor resistance on the way but the next major resistance is seen only at a level of 880 - 900
