GARFIBRESGARFIBRES:- 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.
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Trade ideas
Buy Today, Sell Tomorrow: GARFIBRESDON'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 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
C&H Breakout in GARFIBRES
Buy Today, Sell Tomorrow: GARFIBRES
YR 2022 Idea #140: Long on GARFIBRESThis 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.
GARFIBRES - Breakout with volumesNSE: 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 event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Disclaimer:
This is for educational purposes only.
Possible Channel breakout in Garware TechnicalWe can observe price is moving in a channel. As the channel narrows down price started to move toward a higher range along with the support of the 20 & 50 moving average.
Also, the price is taking support before reaching the lower end of the channel. If the price closes above 3279 we can expect a bullish move.
Trade Set-up
1) We can buy if the stock manages to close above 3279 in a daily time frame.
2) Stop-loss can be at 3005.
3) All possible targets are mentioned on the chart.
This is not a recommendation. Do your own analysis before investing.
Please let me know your view on this trade in the comment section.
Positional Opportunity in Garware TechnicalGo Long above 3000.1 for Targets of 3297.55, and 3595 with SL 2702.65
Reasons to go Long :
1. On a Weekly timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.382 Fibonacci level.
2. Also a bullish candlestick pattern Bullish Hammer (marked with orange color) is formed around 0.382 Fibonacci level.
3. In addition to this there is a strong demand zone (marked with purple color), from which the stock initially faced resistance but now is taking support and moving up.
Garware Technical Positional View !!GARFIBRES : cmp : 3216.6
After a significant correction from ATH, A good base formed near 3130-3150 zone.
So downside limited. A channel Bo may be possible above 3250.
So accumulate in this level.
Accumulation zone : 3200 -3250
Profit booking zone may be : 3372 - 3542
SL3094 Dclbs
positionally can move 4000++
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally
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Little Champs IndexThe following index is made from small cap stocks from the Marcellus Little Champs portfolio. The base price is kept at 10000 and the base date is kept as 8th December 2021. There are 10 stocks each having 10% weightage. Stocks are
1.Garware Technical Fibres
2.GMM Pfaudler
3.Galaxy Surfactants
4.Mas Financial
5.Amrutanjan Health
6.Mold Tek packaging
7.Suprajit Engg
8.Vmart
9.LaOpala
10.Lumax Industries.
There are some more stocks such as Ultramarine, DCB Bank etc.
This index has performed in line with the BSE Smallcap index in last 2 years. It will be interesting to see how things go from here after a great rally in Smallcap universe.
GARWARE TECHNICAL - SHORTGARWARE TECHNICAL
*SHORT
-Come down whenever it testing the channel's upper line.
-Formed an inside bearish candle. Chances are to come down.
Invest & Trade Wisely! Good Luck!
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**Disclaimer:
I am not a SEBI registered consultant/Advisor. It is completely my view and opinion.
My intention is not to provide any financial advice, training advice, or any type of advices or any recommendations on stock buying or selling.
Please do your own research and consult with your financial advisor before taking any action.
I am not responsible for any of your action on buying or selling or holding the above mentioned stock or/and index.
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