ELECTHERM"ELECTHERM CMP: 163
Good Risk reward of 5.33
Buy around : 147
Stop loss: 138
Target: 195
Return of 32.65% expected
Pattern: Range
All levels are mentioned on the chart. Keep an eye."
ELECTHERM trade ideas
electrotherm, breakout for 30 % = 164electrotherm is trying for a breakout, has givn an entry point for a med trm trgt of 30%= 164
Live Challenging Stock Market Analysis #ELECTHERM Buy @ 155.00Market Analysis
Live Challenging Stock Market Analysis #ELECTHERM Buy @ 155.00
Target @ 280.80
#sharemarket #electherm #Nse #stockmarket
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ElectroTherm Weekly chartElectroTherm weekly chart on the verge of breakout for the next potential targets of 150-200 for short terms.
ELECTROTHERM: awaiting Breakout (STEEL Industry) 🔥Electrotherm is a diversified conglomerate having businesses in the field of Engineering & Projects catering to steel and foundry industry.
The volume traded in a single day was about 8% of the total outstanding shares signifying massive interest in the share.
We have seen massive rally in Steel shares and it could witness the same movement.
ELECTHERM Weekly Breakouton daily chart it is forming higher highs.
Good volume seen in the past few weeks.
Narrow CPR on weekly chart.
RSI has not sustained above 60 in last 2 year.
RSI just below 60.
breakout level 140
TURNAROUND STORY - ELECTROTHERMWill be adding small position in this stock...previous 2 quarter results are encouraging...if it really turnarounds can be multibagger in the making...
CMP 105 will add more above 140
STOP 85 Monthly closing
T1 300 plus
T2 500 plus
Rsi bullish divergence.Go longA good reversal candle formation at the support zone with Rsi Bullish divergence indicates some up move in the price.Buy above 103.40 with the target and stoploss as mentioned.
Electrotherm 1D chartPlease enter the trade once u get a proper breakout or reversal from the levels, Do not hesitate to contact me with any queries. Kindly support my views. Thanks
Near resistanceMomentum can be seen if it can cross 329.50 on Monday on closing basis. Intermediate term target will be 439 in case of fresh bullishness beyond resistance at 329.50
BullishCup & Handle formation in Monthly chart and RSI entering bullish zone, signifies bullishness.
time to buy again for short term target of 206?may b yes!
Disclaimer:I am NOT SEBI registered, Just trying to learn to predict share price movement. THE CHARTS PRODUCED HERE ARE FOR MY PERSONAL REFERENCE ONLY AND THEY ARE NOT ANY BUY OR SELL RECOMMENDATIONS. Kindly consult your investment advisor and family members before investing
Electherm in updward moveIf Electherm will break resistance of 175 then upside expected with MACD showing postive divergence
