ADVENZYMES trade ideas
ADVANCED ENZYME TE Bounce Uptrend TradeEntry will be on 2nd August with 212.55 and initial stoploss is 206.25
Updated StopLoss will be on 8th August 213.85
As the StopLoss is hit , points obtained will be 213.85-212.55=1.3
#ADVANCED ENZYME : FALLING WEDGE BREAKOUT PATTERN#AVANCED ENZYME - POSITIONAL CALL
03 AUG 2018
BUY 50% @ 216-220
& REST 50% ABOVE 250
FOR TGT 340-360
SL 200
(STRONG RESISTANCE 245-250)
CMP 220
Advanced Enzymes Long SetupAdvanced Enzymes was in downtrend and now made a base around 210 to 230 levels and seems to be at good daily demand zone
I would buy it around 220 to 225 for immediate target 251, 265, 279 & more. please follow fib ratios for upward targets
Immediate SL would be 209 and Long term SL would be 199
ADVANCE ENZYME BREAKOUTFalling wedge breakout happens in Advanced enzymes, now it is at resistance 240rs.
ADVENZYMES SEEMS TO HAVE BOTTOMED OUTADVENZYMES, has made a new 52 week low, going with the Fibonnacie Theory, Upside on Cards
Even the Stockastic RSI has moved up towards the 20 zone.
Stop Loss below the 52 week Low
Target : 20 Points from the CMP
Advanced Enzymes - Positional BUYBuying Advanced enzymes for positional for the targets of 323 and 360.
Add on dips upto 270 - 265.
advanced enzmes - short callit have already breached the important support level of 283, it may test 240 with support-1 @ 261, Support-2 @ 250
Advanced Enzyme Technologies Ltd is buy above 312The Stock is possibly moving upward with a long above 312 for a T1 of 345 and T2 of 356 and stoploss of 280.
#ADVENZYMES - Bullish Pennant FormationLooks like ADVENZYMES has bottomed out around 250 zone and stock has been making higher highs. It has formed a small pennant on daily chart. Above 313-314 looks good for upside level of 350-360 zone. Below 293 pattern failure.
Advance Enzyme:272, breakout fromTL. Next resistance 315 Stop:25Advanced Enzyme:272, having a breakout from the falling trend line. Next resistance 315
Stop:258
Advanced EnzymesAccumulate
301-305
Target
315
325
335
345
SL below 286 CBSL
For educational purpose only
Advanced enzymes - advancing - LongThis stock is showing signs of reversal and is showing signs of breaking out.
Long at or above 300 with SL at 280 for T1 - 325 T2 - 350 T3 -375
1. Volume breakout
2. Candles breaking the cloud
3. Baseline Conversion line crossover
4. Green cloud formation
5. MACD buy signal
Only RSI is overbought which will give a slight pullback.
Advanced Enzyme TechnologiesFundamentals-
1)A very attractive company in the niche space of biotechnology and enzymes.
2)Company has been growing on 10% rate.
3)numbers like Operating profit, net sales are doubling YoY @>15%
4)It is a NIche player in niche space and hence will enjoy less competition and more growth
Technicals-
1)Stock ihas been split recently from the levels of 2200 to 350.
Keynote-->Its a good stock that can be accumulated at every dip.
Positive News1--> DSP Blackrock microcap fund holds 1.2% shares of this company.(Source-BSE India)
Positive News2--> Motilal Oswal Most Focused Multicap 35 Fund currently holds 3L shares of this company.(Source-BSE India, Economic times)
Positive News3--> Reliancesmall Cap Fund holds 3L shares of this company.(Source-BSE India, Economic times).
Positive News4--> Promoter has hugely increased his stake in march'2017
CMP-357(11th June'2017)
1st target-500(6-8 months)
2nd Target-800(12-15 months)
Disclaimer : I am a private Investor/trader who is just expressing his views. These are just my opinions and i am not giving any kind of free or paid calls. I am using this platform to share my knowledge and learn from other's knowledge. I might be/might not be invested in my opinions.
NOTE-->I give preference to the traders/investors who encourage me by commenting and liking my ideas.
ADVENZYMES - Bottoming Out It has been observed that the price action was trending down for past 5 months and now, it showed a strong volumes at support levels indicating a buyers coming back. It has another resistance at 280 levels, if it breaks and closes above it on weekly chart then it shall confirm a change in trend and will further rise up.
Target 1: 280
Target 2: 320
Stoploss: 245
Long on Pull back The stock has made retrace up to 88 % of its original move i am looking to go long on pull back near 268/269 with stop of 263 for Target of 290+
Statutory disclaimer
This information is not an advise or should be considered as advise for buy or sell , its sharing of view on social network hosted by Trading view
Regards
Watchout Advanced Enzymes BreakoutAdd Advanced enzymes as a long term pick and add on dips upto 275 for the targets of 450 and 550
