In the Weekly Chart of EVEREADY ,
we can see that; after strong breakout, it has retested properly and a strong bullish Hammer candle.
Expected momentum is shown in chart.
Eveready Bullish channel trend with High Volumes
Can look for tp of red dotted line only for long term investors
Support area of 190-210 on monthly closing basis.
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Dislaimer: Only for educational and learning purposes.
EVEREADY:- The stock has tried to break the resistance many times by hitting it, finally got the breakout. The stock has come for retesting. If it sustains at 385 level then we can see upside movement.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be...
NSE:EVEREADY has retested its breakout level and if current levels are held, it can be a good accumulation opportunity. Expect targets of 460 while a stop loss in the range of 370-385 can be maintained. Go Long if levels are held.
Eveready is consolidating between 270-380 from the last 18 months and tested 270 level 3 times , looks like it has more chances to break 380 level and test 430 this year, lets see what happens
Ever ready is holding range breakout/ triple top breakout on weekly / near by 52 week high
every ready trg for next is 500/600/800 $ 1000
i use the technique of fin retracement / fibonacci time zone / and volume + combination of high swing support and resistance and that chart is similar like federal bank / siemence / canra bank that all share create...
1.Good volume breakout
2.Formation of double cup pattern
3.Probability of gap up is very high
4.Stock was travelling in parellel pattern for more than 2years
target for btst 433,440+++
NSE:EVEREADY
nice setup, heading towards all time high of 464
setup looks to be good and worth researching
cmp 388
This analysis is being done for educational and knowledge-sharing purposes.
This article does not offer any kind of buy or sell advice.
All stocks are positional and are held for a short to medium period of time.
Everyone is expected to conduct...
In the Weekly Chart of EVEREADY ,
we can see that; we might get a very big trade for an year.
we can Enter at 348-350 with 330-332 as SL and hold for bigger target.
First Target is 460-462.
GO VERY LONG FOR EVEREADY.
1. Price is in consolidation for 2 years
2. Market has broken its ATH resistance today, that will lead to many stocks to come out of consolidation.
3. This could be one of the stocks
4. Follow SL on weekly closing basis to trade 1:7.5+ RR trade set up
Every ready stock is to take a long entry above 305 after BO of marked TL with a target of 340-355. Stock is forming a W pattern on daily charts, Previously from the area, well support has been taken by the stock. Now a high probability that the stock will move upside. RSI also took support at 40 & forming positive divergences. This is for your educational purpose only.
