Hi all, Expecting SOMANYCERA will breakout to upside or if price continues drop look for reversal entry at Weekly Trend line
Take-Profit Level 475 ; 534
***Use Proper Risk and Money management Rule if you don't had a one please LEARN IT !!!! and meanwhile watch the play Please don't trade
"Market has Full Opportunities "
If you have any Question feel free...
SOMANY has seen a lot of volume pickup on the buy side in the last month or so..
signs of bottoming out?
NOTE: this is is my personal view
holding positions at 280s
SOMANY cramics is at highly oversold on monthly charts and is at 100 monthly moving average..
expecting a bounce back..
NOTE: analysis is only for EDUCATIONAL PURPOSE only..
Feedbacks welcome..
Monthly chart : pink lines
important support and resistance levels
has corrected majorly since jan 2018 from 970 near levels
Weekly : blue lines
hammer formation on weekly chart
tested monthly support line and closed above it
buy above 365 levels
Daily char t : red lines
long above 365 target 375 and fib levels
Descending Triangle: Target: 327; confirmed with breakdown. SL: 440. (basis 4hr charts)
Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.
Stock has moved from 370 to 600 levels, had a consolidation for few days in the range of 580-610. Currently the stock is showing signs of starting a new uptrend with Heiken being positive along with all other indicators such teinken kejun corssover and kumo breakout.
It is expected that Goods and Service Tax counsil will decide on the tax rate and the stock can...
