EVERESTIND - Stock in RADARStock Price consolidata since September 2023 in 1000 Range and it seems ready to breakout. It forms good structure in Day Timeframe and morning star like structure in Weekly Timeframe.
EVERESTIND trade ideas
Everest industries-Good reversal trade!Everest industries is looking good as a reversal trade as a swing trade.
Stock is bouncing from confluence of supports.If bullish trend continues, we can see targets soon. RSI divergence is also seen during the bounce.
EVERESTIND's Recent Breakout - A Dive into the Technical📈 EVERESTIND's Breakout Analysis 📉
Hello, fellow traders! Today, we're diving deep into EVERESTIND's breakout that occurred on 7th August 2023, shortly after the company announced impressive financial results. The stock has shown some intriguing patterns, and I'm here to break it all down for you, especially if you're new to the world of trading. Let's get started!
🔍 Key Observations
EVERESTIND announced stellar financial results, leading to a breakout on 7th August 2023, accompanied by impressive volume.
Before this breakout, the stock maintained a robust base hurdle, with previous swing lows remaining unbroken.
High volume on bullish candles indicates potential accumulation .
Despite the price decrease over the past two days, the last candle is an inside candle , with its mother candle being a large bearish one. However, the selling volume is minimal.
The price seems to be retesting the breakout, possibly due to RSI bearish divergence.
📉 Trading Strategy
First Entry: Buy if the high of the inside candle is broken, around 1030.
Stop Loss for First Entry: Below the inside candle.
Second Entry: On a retest of the breakout, around the 1000 level.
Stop Loss for Second Entry: Below the plotted support zone on the chart, which was previously a resistance.
📚 Let's Learn Some Technical Terms!
1. Inside Candle: A candlestick pattern where the current candle's high and low are within the previous candle's high and low.
2. RSI Bearish Divergence: When the price makes a new high, but the RSI fails to make a new high, indicating potential weakness in the trend.
3. Accumulation: A phase where investors buy or "accumulate" a stock in anticipation of a future price increase.
🚫 Disclaimer
This analysis is for educational purposes only. I am not a SEBI registered analyst. Always do your research before making any trading decisions.
"In trading and in life, patience is not just a virtue, it's the key."
🔗 Connect with Me!
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#EVERESTINDNSE:EVERESTIND
Day closing above 970 can see upside.
Support around 870-875.
ATH BreakOut.
BREAKOUT, EVEREST INDUSTRIES, 50% RETURNS!!!BUY - EVEREST INDUSTRIES
CMP - Rs. 929
Target - 1: Rs. 1158
Target - 2: Rs. 1390
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Technicals - Trendline Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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Triangle pattern breakout set up1. Breakout on daily TF
2. Weekly breakout to watch for to go for short term investing
3.RR is very lucrative with pyramiding perspective from 1:5 or 1:10 RR
#Everest Industries Analysis Stock has given BO on daily chart with good volume spike maintaining supportive trendline, follow chart for support and resistance levels.
EVERESTIND given the breakout EVERESTIND has given the breakout on 8 Feb stock is retesting the levels the nice opportunity for long
Everest: A New High after a Series of Declines?A breakout occurred after a series of declines.
The Price is trending above its 20-day moving average.
The good thing is that the price is still above the 200-day moving average.
The breakout candle has proper volume , so it can't be called a fake breakout
BUY TODAY SELL TOMORROW for 5% DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Trendline Breakout in EVERESTIND
BUY TODAY SELL TOMORROW for 5%
YR 2022 Idea #174: Long on EVERESTINDThis is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.
Buy Today, Sell Tomorrow: EVERESTINDDON'T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:00 pm every day
- Book profits within the first 30 minutes of the market opening
- Try to exit by taking 5-7% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
- SL can also be maintained as 3% or closing below the low of the breakout candle
The levels mentioned on the chart are calculated using the BREAKOUT INDICATOR
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Trendline Breakout in EVERESTIND
Buy Today, Sell Tomorrow: EVERESTIND
EVERESTIND - Ichimoku Bullish Breakout Stock Name - Everest Industries Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 807
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
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EVEREST INDUSTRIESCUP & HANDLE BREKOUT
At Huge Volumes.
Check out Everest Industries.
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YR 2022 Idea #111: Long on EVERESTINDThis is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.
Best Breakout stock for next week 15-07-2022list three important stock for the next week please go through and let me know your inputs
EVERESTIND
CMP: 636
- Bounced from the confluence of 200 ema and the previous breakout level
- Retraced to 61% fibonacci level (525)
- VCP breakout
EVERESTStock has bounced from the demand zone. Buy above the days high with a SL below the demand zone.
A NEW BULLISH MOVE IN EVERESTIND???VK2413
#MONDAY#
NSE:EVERESTIND
BUY :- EVERESTIND !!!
{
TARGET:-724-750
SL:-608
};
WHY ONLY EVERESTIND ??
{
<#EVERESHIND>
VOLUME on past week is higher compared to its past month.
It broke its all time high on 18/02/2022 with huge momentum and volume.
But due to negative sentimental of RUSSIA-UKRAINE WAR it failed to hold.
Even an INVERTED-HAMMER CANDLE was formed on 23/02/2022,
since on next day RUSSIA DECLARED WAR ON UKRAINE Sentimental hit the stock it had a fall roughly around 10%.
but
Its FUNDAMENTALS are strong.
FII increased their stakes during DEC-Quarter i.e. ,from 1.85% to 3.2%(NEARLY-DOUBLED).
Once WAR over it will shoot higher ,have it on your radar.
According to my research and knowledge, it's going to boom for Short-Term.
}
Like👍 , Follow🥰 ,🙏 Share love ❤️ ;
} HAPPY TRADING;
