- Can also be seen as C&H pattern where handle is being formed.
- Volatility contraction & Volume dry up during right shoulder
- Currently At the support for more clarity watch D tf.
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking profit for 1% - 2%
For long-term trades look out for resistance drawn above closing
Market Cap 2,818 Cr.
Stock P/E 129
ROCE 14 %
ROE 17.2 %
Promoter holding 43.2 %
Free Cash Flow 122 Cr.
Eveready Industries India Limited is one of the leading manufacturers of dry cell batteries in India and offers products such as batteries, flashlights, lighting solutions, and home appliances.
The company has a legacy of more than 100 years and has...
EVEREADY:- Stock tried a lot to give breakout but came back after getting rejected by resistance,
but this time stock has given breakout keep your eye.
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 posting more such ideas like this....
EVEREADY stocks breaks a trendline and gives a good consolidation now it looks like break the consolidation trendline so traders plan for LONG position on it...thanks
DON'T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Book profits within the first 30 minutes of the market opening
- Try to exit by taking 3-5% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
- SL can also be maintained as 1% or closing below the low of the breakout candle
The levels mentioned...
Eveready is at support of 20, 50, 100 EMA.
Taking support at 100 ema for last two days,and making shadows downside.
Good opportunity for a 2:1 risk to reward trade.
Reason to buy if there is triangle breakout
1. Bulling candle;
2. High Vol showing buying interest
3. Formed Flag/pole & triangle pattern and ready for breakout;
4. Closed above middle line of BB
5. Buying interest observed during last session
6. Rejection from 38.2%
Weekly breakout..
For long time investment only.
Buy at cmp 359 or near 340..
Add more at 303..
Tgts are 414-460-500++
SL below 280 weekly candle closing basis..
*For educational purposes only..
DON'T HAVE TIME TO MANAGE YOUR TRADES? | Trendline Breakout in EVEREADY
- Take BTST trades at 3:25 pm everyday
- Book profits within first 30 minutes of the market opening
- Try to exit taking 3-5% profit of each trade
- SL can be taken when 5/15 min candle close below 44EMA
Now why do I prefer BTST over swing trades? The primary reason is that I have observed...
BUY : 339 TO 309
TARGET : 441 TO 482
Reason For Buying This Script :
In this script it has forming ascending triangle & it also broken the neck line in monthly time frame, Not it is retesting the price . So we can go for buy entry.
Note :
Above given levels are based on monthly & weekly time frame . So be patience it will take some days to achieve the...
The Stock Was Shared on May 7 ,2021.
Stock : #EVEREADY
Buy Option 1 : Buy @ 307 to 322. That buy near the support line or above 317
Buy Option 2 : Buy @ 350 to 356. After Breakout
Target: 350 , 374 and 396.
Risk : Low
Duration : Medium
Breakout Confirmation : Weekly Closing 350
Comment : The stock is in accumulation phase so it will take some to give the breakout.
LOGIC,LEVEL AND TARGET WELL MENTIONED IN THE CHART
NOTE -The above interpretation from the chart is my personal view and doesn't guarantee any success.
(Do talk to your financial advisor before making any investment decisions)
please like, share and comment if you have any suggestion regarding this analysis
THANKS
