Stock facing multiple resistance at trendline drawn in weekly chart . Weekly RSI above 60 indicates strong bullish trend strength. ADX above 23 that too indicates the strength of trend. Volume also increasing . Price sustaining above 20 day moving average on daily chart.On daily chart, stock is moving in parallel channel. Invest 1/3 or 1/2 now for better return...
Inverse Head and Shoulder Pattern on Weekly Chart with good volume break out now available for Buying in pull Back
Target will be resistance line (Red line) and stop loss will be support line (Green Line)
Investment time period 0-6 Months , Market will open in red any fall should be taken as buying opportunity CMP 330
Sharda Cropchem Cmp 293.65 dated 23.4.2021
1. Head & Shoulder pattern on daily chart.
2. Price taking support @ 200 MA @ 275.
3. RSI shows upward trend, which is ready for a
W pattern..
4. Buy for a tgt of 360, 410 & 540 SL 230.
5. Debt free company.
It is just a view, pls trade at your own risk.
Sharda Propchem is testing its weekly breakout area. Moving beyond the trendline, it can see 440 and 540 in short span. Volumes are pretty good. Last 2-3 quarter results have been excellent and accumlation might be happening in anticipation of good q4 results.
DAILY SWING CALL // Monday 15th of February 2021 / NSE:SHARDACROP
// This is a swing trade call and not an intra-day trade. Please do not expect the stock to go up on the same day of posting or within a few sessions. Please follow the notes along with the posting before, during and after entering the trade //
CMP / LTP: 305.2
TARGET: 375+ (15%...
NSE:SHARDACROP
Fundamentals :-
ROE for last 3,5,7 and 10 years > 15 (greater then 15 is good).
Sales and Profit 5 year CAGR at 13.55% and 11.68% respectively (double digit growth and increasing sales every year since 2010).
Debt to equity at 0.02 (less than 1 is good), Interest coverage at 115 (greater than 3 is good), Current ratio at 2.40 (greater than 1.5...
SHARDA CROPCHEM
After long consolidation SHARDACROP is going to break long term resistance 294 (200 WEEK EMA) with good volume .
if weekly close above 295, than we can see 350, 395
Negative below 260
Moving with good volume.
Buy around 275. SL 230. First TGT: 400.
If the price sustains 410 levels, can see 500+ levels.
Total Market Cap (₹ Lakhs) 2,44,542.65
Free Float Market Cap (₹ Lakhs) 61,665.71
