ready to break resistance with high volume
rsi showing bullish divergence and rsi itself also ready to give breakout
keep in radar it can give very fast momentum above resistance area
CAMLINFINE can gain momentum from this institutional buying zone.
If you make a buying position, do follow risk management & maintain appropriate position sizing.
Disclaimer: This is an educational post & not a recommendation.
Camlin Fine Sciences Ltd. ( 40% upside potential)
weekly chart shows strong uptrend structure
on daily TF accumalation may over in strong weekly demand zone....
CAMLINFINE
Symmetrical Triangle Pattern
Actually this chart pattern is very beautiful. Technically, while doing analysis, entry is taken after breaking the high or low of the retest after the breakout. But it has been observed that this pattern brings a lot of money. Targets are met. So it is important to be patient for some time. However, what I think...
Hello Friends,
Camlin Fine Science which is Trading on 157 INR on NSE can be bought for a investment. One can bought the stock from current level with a target price of 350plus within a year time frame.
Companies profile is very attractive and into chemicals mainly.
Time frame - Weekly
Study - Weekly chart Analysis may be used to analyse fresh breakout and to get more clarity of reversal stocks. Here, stock is making new higher high and after breaking the down trendline, it is in consolidation and then broken the rectangle. Now if 180 is crossed then it may touch 212 very fast, with SL - 160
Entry near - 170
SL-160
target...
From the past two years stock has been forming triangle pattern, finally it has given breakout from this pattern with good volume. From the current price level price may correct a bit as we can expect profit booking at this level. If price closes above 181, we can expect a bullish momentum in the stock.
All the possible targets are mentioned on the chart....
Bullish momentum may be built in NSE:CAMLINFINE
Breakout with a strong candle and volume.
Entry : Breakout candle high crossing or 178
Target 1:2
SL : 163.3
Camlinfine is coming out of base formation and likely to head towards 180 and then 200 in the short run. One should keep a watch and trade accordingly.
Strong bullish weekly candle close above 164.20 on January 6th will lead to bullish in upcoming weeks.
Black color trend line will act as a resistance. We can expect the price movement on the upper side till the trend line.
Wait for the weekly close and make your move.
NSE:CAMLINFINE
✅ #CAMLINFINE trading near Resistance of 164
✅ A close above 164 on daily chart can push the price to the next resistance of 182.50
Here is related chart:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly...
Stock Name - Camlin Fine Sciences Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 164
#This is not Buy and Sell recommendation to any one. This is for...
