Archidply Industries has given a very good breakout on weekly chart after a consolidation of almost 1 year. One can go long at cmp with SL at 32.
levels mentioned in the chart Position sizing is the key.
ARCHIDPLY:-BUY ON DIP 36/33 LEVEL FOR TARGET 60 SL 30 DCB #Disclaimer:-I just shared view for only educational purpose.
BUY ARCHIDPLY CMP: 42-42.20 TARGET: 50/62/80+ SL: 20 1 Month-3 Months view INVERSE HEAD & SHOULDER AT LOWER SWING, MAY BE A PERFECT CATCH AT THIS LEVEL
looks positive on all time scales. Expecting good run up from here
May turn around from 51.9 in a couple of days.
it has a habit of not staying below 300 EMA... can be accumulated with tiny SL 80.
In 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
Buy ARCHIDPLY at 113 with SL 104(Closing), target open
Buy ARCHIDPLY at 113 with Sl of 104 (closing basis) target open
Above 95 it may get fuelled for some quick bucks. View gets invalidated below 85-84 levels.
Long 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
Long 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.
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
Broke 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