This is the analysis of GARFIBRES in Monthly Time Frame. Watch carefully. The chart explains itself.
There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown.
Always maintain your risk management.
Book your profit according to your...
GARFIBRES attempting retest from bull flag pattern breakout on 1D timeframe. Enter on bullish confirmation. Follow strict stop loss rules as market has turned very volatile.
Garware Technical is forming a triangle pattern with ABCD Harmonic Pattern wave on a monthly chart.
This can lead to extremely strong moves as this is on a longer time frame. Targets could be 5500/6500/7000.
-after rally consolidated for 2 years and created flag pattern which is about to break in near future
-volume is also looking good
-above all crucial ema and sma
NSE:GARFIBRES
Garware Technical Fibre is in final wave of extended wave 3. The current stock movement indicates that it is currently in the fourth wave of the extended third wave, and it is in the process of forming a triangle pattern. Trangle always form in wave 4. I have labelled wave 4 triangle with ABCDE.
Entry point is at high of wave D :- 3375/-
Target :-...
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before...
buy above 3120. sl 3047
targets 3205/3320/3400/3534
50 MA is crossing over 200 MA with the price closing above 20 MA on daily time frame. RSI is rising and above the mean. Also stock is at the middle band of BB. any sustenance above the middle BB can take the stock up to the upper band, which is target 1.
Stock has formed a good bullish pattern and pending trigger for a long position , my view is around shorte term 6 % bullish move
Levels plotted on chart for referrence
GARFIBRES:- If there is a breakout of the trendline of the upside, then the movement of the upside is bound to keep an eye on the stock.
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. Until that, like share and follow...
Stock swing can be taken for following reasons :
1) Weekly Timeframe is Bullish
2) Daily Timeframe has tested it's structure
3) 4HR timeframe is also in bullish structure
Symmetrical Triangle Breakout waiting...
Top - 3714
Bottom - 3302
Difference - 412
Target - CMP + 412 = 3864
No. of trading session to form triangle = 24 days
No. of trading session to achieve target = 12 days
Disclaimer - Do your own research, this is for education purpose only.
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...
This 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. ...
NSE: GARFIBRES has broken out from the consolidation range.
Today's volumes indicate a huge demand and should move to previous swing highs in the coming days.
The stock has been in a accumulation phase over the past few days supporting the uptrend.
One can look for a 8% to 11% gain on deployed capital in this swing trade.
The view is to be discarded in the...
