A very beautiful chart seen in supreme industries, breakout of trendline with huge volume. Can plan a long side trade
This is only for educational purposes, trade at your own risk.
1. Bouncing From support Area
2. Making Bullish H&S Pattern
3. Any closing above rejection zone may lead to a re-touch the resistance area.
DISC: Only for educational purposes.
#SUPREMEIND - Relative strength has turned green and given a BO on the daily chart. I am not very convinced with the volume. As the stock has been in consolidation for the past few months and starting to move now, I am entering the stock with a swing low as SL.
Checkout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get...
#SUPREMEIND trading above Resistance of 3880
Next Resistance is at 5802
Support is at 2693
Here are previous charts:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please...
~All the information given in the chart is for the educational purpose only.
~Do your own research before investing.
~This is not my recommendation.
~My recommendation--LEARN MORE EARN MORE.
Analysis Criteria Used:
1. Please find the Chart Analysis done for the 10th April, 2023
2. The analysis for the Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups
Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your Trade and stick to your Plan
4....
supreme industries Supreme Industries posted strong results, beats street estimate's and also shows strength in weak market. pipe industries also showing strength .one can go long in this stock for below target
CMP: 2538
Target : 2800
SL:2320 ( day closing basis)
Price moving in a channel. Cup and handle breakout on a daily time frame. The depth of the Cup will be targeted upwards. The price is still in an uptrend.
~All the information given in the chart is for the educational purpose only.
~Do your own research before investing.
~This is not my recommendation.
~My recommendation--LERN MORE EARN MORE.
SUPREME INDUSTRIES Technical analysis Short term ,Daily Chart . Chart looks strong in all time frame , now Life time high just today . All over very strong chart for multi year also. Do your own study , this is only educational purpose.
#SUPREMEIND (Supreme Industries Ltd.) has outperformed both the #Nifty and its sector peers over the last 123 trading sessions, and there is a 1.3-year resistance horizontal line #breakout on the weekly chart. #sharemarket #MultiBagger #relativestrength #stocks #StocksToBuy
BSE: 509930
NSE : SUPREMEIND
ONLY FOR #educational
NOT SEBI REGISTERED. #LEARNEARN...
Supreme industries. CMP:2538 sl: 2300(DCB) Target:open good upside potential. Important note: pls check whether quarterly result are out or not, if out then you can take the trade if not then, add only small qty at CMP and add more after the results
Price is forming a double top pattern with a supply zone of 2450-2700. Doing further analysis. It is a part of the Plastic Products sector. ASTRAL is also in the same sector. Astral is also near a breakdown point. ASTRAL and SUPREMEIND are the biggest companies in the sector. Hence there is something happening all over the sector. Therefore it does not mean that...
