Plan your trade according to your risk management. This is not a call, purely for educational purpose.
🔴DISCLAIMER ***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ****** Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have...
Triangle breakout with high volume and Bullish MACD crossover in Shalimar Paints Limited
Technically looking excellent. Breakout with volumes. Only drawback is fundamental wise, as company is PAT Negative. Disc: only for learning purpose. Not a recommendation.
Stock rising along rising weekly trendline and testing previously created resistance points. 119 and 136 is strong resistance coming up for stock.
Buying range would be 105- 110 Tgts 132 , 140 , 161 SL 101 CLB In long term may test levels of 230 , 400 ++ Just a view ...before doing any kind of investment consult your financial advisor.
1. Price pull back near 21SMA after recent run up. 2. Price within Bull Flag pattern now. 3.Uptrend continues if price BO upper trendline.
#Chartoftheweek SHALIMAR PAINTS looking strong on charts Could be a good buy candidate for this week if sustain above 120 Keep eye on it DISCLAIMER ( Educational Purpose ) All investments involve risk. Please Do your analysis before initiating Any trade Good luck !
Inverted Head and Shoulder in Shalimar Paints. Seems promising once the price breaks out of the supply zone. Trade at a bullish confirmation candle at a retest of the current supply zone.
Price forming a falling wedge pattern and it just breaks out in the last session and it couldn't hold the move and almost went 50% down. One can expect the price to move up smoothly from now.
Self Explanatory Chart Setup . Only one negative is Loss making company .
SHALPAINTS : INVERSE HEAD & SHOULDER Breakout possibility is high TARGETS: 130/138/140+ SL: 90 CMP: 117.15 10-45 days view
SHALPAINTS (WEEKLY):- CMP 117.15 looks good for more upside :) 1)Multiweek Breakout :) 2) Volume spurts
SHALPAINTS (WEEKLY):- CMP 117.15 looks good for more upside :) 1)Multiweek Breakout :) 2)Volume spurts
Sector on the move. The exceptionally high volume bars indicate this is gearing up for for a long run. SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA TGT: After a 10-15%+ vertical move, breakdown of 20MA on Hourly chart (on a daily close basis) BUY GUIDANCE: Never ever buy before 3PM....
Shalimar Paints Long Took support at 200 dat EMA around 84-85 Weekly close at 1 month high with above average volume. its good sign of breakout. We can wait for 1 positive closing for breakout confirmation Buy at- 94 SL- 84 (on closing basis) Target- 115, 130 Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose.
A wedge pattern is a strong retracement after a big move .... always good to trade on such lvls when broken 50,100 and 200 demas.
The stock is about to breakout above 105 Buy above 105 on day closing for the target of 121