Elgi rubber- C&H breakout done on monthly. Rounding bottom breakout pending at 71. Enter after weekly close above 71 for the target of 100 and 130.
Note: This is for educational purpose only.
@sajid11 :
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Jumping to stock analysis(Technical):
It is currently captured in a range-bound space. thus if you're a...
Previous trend: Down Trend (66 to 11)
Present trend: Consolidation (price has again tested Neckline)
Support: 23.90 and 16.10
Resistance: 36.55 and 49.15
Reversal Pattern: Inverse Head and Shoulder
Volume: highest volume of 2.7 mn on the day downward trend line broken.
Price invalidation level/stoploss: 22 on Monthly Closing Basis.
Disclaimer: Only for...
A beautiful Morning start pattern formed with good volume
Bullish volume are significantly larger than bearish volumes recently
MACD and RSI and DEMA indicates a buy.
Trend is bullish with higher highs and higher lows
Look at fib retracement in diagram and its respected so beautifully.
All these indicate towards a definite buy
BUY CPM - 39
SL BELOW - 33.75
TARGET - 55'
Disclaimer
We are not a SEBI registered analyst. These calls are for educational and learning purposes only. NIKKUDORI5 is not responsible for any profit or loss due to your trade. Profit and loss are subject to market conditions and trader or investor sentiment. Always trade at your own risk....
