EVEREST INDUSTRIES

NSE

EVERESTIND

Everest Industries is a turn around candidate and I like the story. Technically it is available at a good price point, where charts are showing double bottom on weekly.

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NSE: Everest Industries might fall to 388 Broken below triangle and support line. Might fall to 424 and next 388 in short term.

we have to connect minimum of 2 highs and 2 lows to form any type of triangle pattern. here, it's a symmetric triangle on a weekly chart. to know more about triangle patterns and how to use them,click on the link. www.investopedia.com Thank You!

(1) and (2)* cause bottom confirmation Since CCI crosses 100 + EMA aligned + 2 strength candles' (2) crosses the fibo level of 61.8 will move to 637.95, if exeeds will cause fresh BoxBO for 800 Here 2* is ongoing and will confirm on 31/08/2018

Method 3: BoxBO activates if is a strength C> 611.95 H> 637.95 Target (3) to (4) Fibo Extension Tool = 800

Method 1 (1) BO: L = 402 Target 402*1.23 = 495.69 = Done =>Move to next valid Strength candle (2) BO: L = 502.45 Target 502.45*1.23 = 618 Method 2: From Fibo retracement 637 is the 61.8 % target

using the ichimoku system in the daily chart, reveals a very bearish sense.. there is a head and shoulder formation in the weekly chart, with the price action and the neck of the HS at the yearly pivot, the S1 yearly support most likely to act as a base after the HS does the damage to the price...

Buy Everest Industries at 494 Long term investment: Time frame 1 to 2 years Target price: 750 SL: 425 P/E: 17.02 EPS : 28.79 Book Value: 237.84 Market Cap: 765cr P/B: 2.03 Happy Investing! :) Enjoy long term investors

Scrip has given breakout from right leg of H&S inverted pattern and gap is formed however, breakaway gap is needed with bulls taking the lead for momentum. Bullish momentum sign 1) SMA - Price range is above SMA-15 and SMA-200 and SMA-15 is above SMA-200 which gives strength to ongoing momentum 2) Didnt get affected much during recent NIFTY 0.70% corrections...

Scrip has given breakout from right leg of inverted H&S pattern and gap has occured however, Breakaway gap is necessary to see the bullish momentum and for scrip to reach new highs after 52-week high Target price aimed for if the scrip manages to attain breakaway gap surge Bullish momentum sign 1) SMA - Price range is above SMA-15 and SMA-200 and SMA-15 is...

Breaking out of a huge Cup and Handle of in the making since the past 2 years, the stock seems ripe for good days ahead. Keeping a trailing SL of 358 on closing basis the stock can perform well going ahead!

This is a bullish indicator because it signifies the stock is closing above yesterday's High...

This is a bullish indicator because it signifies the stock is closing above yesterday's High....