"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."
electrotherm is trying for a breakout, has givn an entry point for a med trm trgt of 30%= 164
Market Analysis Live Challenging Stock Market Analysis #ELECTHERM Buy @ 155.00 Target @ 280.80 #sharemarket #electherm #Nse #stockmarket Our Unique Features: ————————————————————— 1. Follow our 15 signals ….10% equity will increase in your account for sure. 2. We are not Trailing stop! or average the trades. 3. 2% Risk Management Per trade. 4. Risk vs Reward...
ElectroTherm weekly chart on the verge of breakout for the next potential targets of 150-200 for short terms.
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.
on 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
Will 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
A 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.
Please 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
if it can remain in green today. then 365 can be easily achieved!
Momentum 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
Support 263, resistance at 330, target 395
Cup & Handle formation in Monthly chart and RSI entering bullish zone, signifies bullishness.