ARCHIDPLY trade ideas
Positional Long | SL 80 or below | Tgt openit has a habit of not staying below 300 EMA...
can be accumulated with tiny SL 80.
archid ply looks bullish in short termIn daily, symmetrical triangle formed and breakout happened with high volume,
in weekly, it is in strong uptrend, and recently it broke out of horizontal resistance and landed in all time high zone, also BB is expanding.
sl - 95 1st tgt - 145
Archidply- DailyAbove 95 it may get fuelled for some quick bucks. View gets invalidated below 85-84 levels.
archidply looks bullish in short to medium termLong term trend is quite bullish.
In weekly, price bounced from trend line support, also hidden bullish divergence is seen.
Also BB shows that, 20 ma has been a good support
sl - 80, 1st tgt - 117
Archidply LongLong can be initiated with SL 77, TGT 106.
Disclaimer: I am a novice at charting and this chart is for educATIONAL PURPOSE ONLY, vIEWS AND OPINIONS ARE WELCOME.
ARCHIDPLY : Following Century Ply ?On weekly charts, has broken out of its upward channel with good price-volume action. Any dips towards the top end of the channel is a good entry opportunity. Looks like its following its elder peer century-ply
ArchidplyBroke Out of channel and resting on upper zone.
Buy for target of 77
Breakout above 77 can move this towards 90
SL 64
CMP 69
