Hi,
An bullish on-neck Breakout pattern emerged on the Weekly chart of NSE:THERMAX
MACD on daily, weekly and monthly time frame is on the bullish side and also expecting the bullish setup to continue.
Level of Entry, Exit & Stop loss mentioned on the chart.
This idea is for educational purpose only. Take advice of your financial advisor before making any...
Thermax, a potential company has given breakout on head and shoulder inverted. Kindly go through the fundamentals.
CMP 3175
Target -1 : 3450
Target -2 : 3800
Target -3 : 4200
SL for short term : 2850 on CLBS.
SLfor long term : 2480 on CLBS.
Stay invested.
Kindly note that I am not a SEBI registered analyst. Perform your own analysis before taking any trade.
There is no guarantee in stock market and Nothing over week
STOCK TO STUDY (EDUCATIONAL PURPOSE ONLY, NOT BUY OR SELL RECOMMENDATIONS)
Thermax Ltd
Target: RS 5050
CMP: RS 4811.90
ENTRY RANGE: 4760-4860
STOP LOSS: RS 4450
Disclaimer: I am not Sebi Registered.
📊 DETAILS
Sector: Engineering - Industrial Equipments
Mkt Cap: 39,919 cr
Thermax Limited offers solutions to energy, environment and chemical sectors. The Company’s portfolio includes boilers and heaters, absorption chillers/ heat pumps, power plants, solar equipment, air pollution control equipment/system, water and waste recycle plant, ion exchange resins...
Daily and weekly good volume build up.
Breakout of parallel channel with good volumes.
Wait for retest on trendline for conformation.
NOTE: I do my analysis, do your before trade.
#THERMAX trading above Resistance of 3916
Next Resistance is at 5218
Support is at 3428
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational...
#THERMAX trading above Resistance of 3428
Next Resistance is at 3916
Support is at 2635.60
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational...
Thermax is at a strong support level, and a positive sign appeared in the weekly chart closed with hammer pattern candle. Plan to keep it for 1-2 months. 📈
#THERMAX has found support at the 200-day MA and appears poised to continue its upward trend. Although there's a minor resistance near the 50-day MA, I anticipate the stock will absorb the supply.
Idea is Simple Invest in stocks which Breakout with Volume.
Rather than targeting 20% to 25% profits for most of your stocks, the profit goal is a more modest 10%, or even just 5%
SL can be Maintained below Breakout Candle
Stock is making Higher-Lows from its Swing-low Very High Chances that Stock will Soar (10-20%) if result Comes Poitive.
Rule 1 : Never Do...
This is follow-up on Thermax. Can check link to related ideas.
Target 1 achieved. More than 22%. Target 2 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss 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 consult...
