Agro Phos India cmp 40.95 by Weekly Chart viewAgro Phos India cmp 40.95 by Weekly Chart view
- Support Zone 33 to 36 Price Band
- Resistance Zone 44 to 47 Price Band
- Falling Price Channel Breakout has well sustained
- Falling Resistance Trendline Breakout too is maintained
- Bullish Double Bottom "W" by repeat Bullish Rounding Bottoms
- Rising Price Channel momentum steadily taking a gradual uptrend
- Volumes have surged heavily over the week above avg traded quantity
- Most common Technical Indicators BB, EMA, MACD, RSI, SAR seen turning positive
AGROPHOS trade ideas
Potential upmove - AGROPHOSCheckout an amazing breakout happened in the stock in Weekly timeframe.
IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
Fundamentally it can be due to any major decisions in the management or tremendous performance shown or any such positive actions. Technically, it would have shown an up-move using MA or RSI breakout or any such analysis.
I usually don't believe in patterns, since pattern trading era is gone. However, breakout works since price reacts first before the news.
It's just a perspective, a simple chart for pattern lovers.....
P.S: No Hate, only peace & Love for all traders out there!
Time makes money, GREEDY & EGO will not make money.
Also, magically these breakouts tend to prove that the companies turn around and fundamentally becoming strong. Also the magic happens when more diversification is done in various sectors under various scripts with equal money invested in each N500 scripts.
The real deal is when to purchase and where to purchase the stock. That is where Breakout study comes into play.
LET'S PUMP IN SOME MONEY AND REVOLUTIONIZE THE NATION'S ECONOMY!
AGROPHOS | Good for Long NSE:AGROPHOS
Cmp : 34.75
Target : 37.80
Stop Loss: Closing below 31.5
Risk Reward Ratio = 1:1
Closing above 37.8 will give a good upmove
#Study, Learn & Earn.
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Disclaimer: All the information posting on this page are for the educational purpose only, we are not SEBI registered financial advisor. We wont recommend any BUY/SELL of stocks. Contact your financial advisor before taking any action