Reasons to buy: -RSI above 60 -MACD Crossover -Higher volume than usual -Almost around Resistance 1
NSE:SOMANYCERA Multiyear Breakout on weekly time frame. Good to get entry only if stay above 715. It still faces resistance from higher level. Let's see if it can stay and close above 715 in next week.
After forming a rounding base, Somany Ceramics is now forming a text book pullback pattern with price consolidating in a narrow range above the base. The resistance turned support line has not been violated during this period of consolidation and volume is drying up, just like how it dried up during the base formation. The company is likely to announce it's...
Wait till enter Fib support at 529.. Have to catch before its too late.. Wait for dip and enter
NSE:SOMANYCERA All levels marked on chart
Breakout from 2019 high level with good volume and wide range candle, bullish structure.
Great Upflag breakout seen with huge volumes and also closing above R3 pivots with macd bullish crossover as well, looks good for trade up to next resistance which is at 586 and can trail your stop loss. Can keep it on your watchlist. Trade at your own risk. only for educational purposes. Thank you.
Somany Ceramics Ltd. is involved in the business activities of Manufacture of other clay building materials. The Stock has formed a rounding bottom formation after a prolonged downtrend. The Stock is near a multi year resistance and consolidating. The stock from a technical standpoint is trading close to its 50DMA. Handle is almost formed with clear low volumes....
Weekly Flat Base Breakout and retest done. Buy Range: 460-485 SL: 8% Max Target: 30%
Somany Ceramics: an internationally acclaimed organization that specializes in ceramics and allied products segment. In the last four decades, Somany Ceramics has established itself as an unchallenged leader in the Indian Ceramic Industry with significant presence in India, Africa, The Middle East, United Kingdom and Russia. Somany is a complete décor solutions...
weekly chart a close above yellow line is good
SOMANYCERA breaking out after consolidation in a narrow range. The breakout is happening with good volume. Could be a good trade.
somany ceramics breakout above 460 and we see target of T1-537 , T2-645 in short span of time (2-3 week)