This is follow-up on Gravita India. Can check link to related ideas.
Target 3 achieved. More than 120%. Target 4 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please...
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...
Manufactures of lead,zinc and tin products. Now at a support .
If it bounce up from here then go up to 600 levels.Good quarter results.Promoter holding is 73%.
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
#Gravita has formed Cup and Handle and also retested the earlier breakout level.
Current Market Price is 461 and abv 470 the price may test 500/540/590 in coming weeks. Stoploss can be taken as 395 on closing basis.
Gravita has posted very good result and the stock is continuously strong with good volume.
On weekly charts , RSI is > 60 indicating bullishness and closed with bullish candle after retest of breakout with decent volumes. we can see cup n handle breakout too and stock is trading near its ATH. Looking good in short term
*ONLY FOR EDUCATION PURPOSE*
TECHNICAL :-
Forming Patterns
1) cup and handle in monthly time frame for target price @730 stop lose:- @231 (handle low)
2)Rounding bottom in daily time frame for target price @570 stop lose :- @346 (as per support levels)
Fundamentals:-
1)sales :- all time high
2)profit :- all time high
3)debt:-reduce
4)promoters...
NSE:GRAVITA
Background:
Gravita India Limited is an India-based company that is engaged in lead processing, aluminum processing, trading lead products and aluminum scrap, and dealing in turn-key lead recycling projects.
It also has forayed into plastic recycling by commissioning dedicated facilities in Senegal, Mozambique, Ghana and India.
Fundamentals:
Over...
Stock Name - Gravita India 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 432
#This is not Buy and Sell recommendation to any one. This is for education...
