Agarwal Ind has given a Trendline Breakout in 1HR TF with volumes.
Closing above 870 can make this share to Test its ATH
CMP:845
Tgt: 900,940,1000+
SL: 780 below WCB
Chart only for Educational Purpose
📊 DETAILS
Sector: Others-Industrial Gases & Fuels
Mkt Cap: 1,603 cr
Agarwal Industrial Corporation Ltd is primarily engaged in the business activities of manufacturing and trading of Petrochemicals (Bitumen and Bituminous Products), logistics of bitumen and liquefied Petroleum Gas and energy generation through Wind Mills.
TTM PE : 16.52 (High PE)
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FACT FILE
Company is primarily engaged in the business activities of manufacturing and trading of Petrochemicals (Bitumen and Bituminous Products), logistics of bitumen and liquefied Petroleum Gas and energy generation through Wind Mills
In Budget 2023 Road ministry got a 36% hike in allocation at Rs 2.7 lakh cr for 2023-24,to help the ministry meet the...
Volatility Contraction Pattern is popularized by Mark Minervini, who is a two times US Investing Champion. Last year he won the championship with a record-beating 300+% in the year. He primarily uses VCP for his trading setups. It is a twist on the ascending triangle pattern with some variation.
It has the following characteristics:
The Stock must be in stage 2...
Swing Trade Study
Time period for target- 25 days
Study -
After an uptrend exhaustion of the stock, Corrected a small downside then it started consolidate near support of 870 in rectangular box pattern
Target - 23% from 886 levels
Resistance - 920,958 (above which target may come faster), 1018
Supports -870,828,800
This chart is only for educational Purpose....
1. Breakout of resistance zone.
2. Created flag pattern
3. Breakout of Flag pattern
Excellent Risk:Reward -- expecting atleast 1:5
Not a recommendation
6 Year of #Multiyear #Breakout at #AGARIND (Agarwal Industrial Corporation Ltd) Weekly Chart. It's outperformed the #Nifty. Keep it on your watchlist. An important point is that big bulls (Ashish Kacholia ) are also invested in it.
From December 1, 2022, I compared AGARIND to the #Nifty and its peers in the sector and found that it just started outperforming both...
In the Weekly Chart of PRSMJOHNSN ,
we can see that; after the Failure of Cup & Handle, the stock went sideways for almost an year.
it is now showing a good up move.
Enter at 620-623 with SL as 603 and target as 770.
Book profit with 1:9 Risk Ratio at 770 and exit.
