GREENLAM Industries Breakout from Inverse Head & Shoulder pattern Buy above 418 Possible Tgt : 504+ SL 364
Good evening friends, see the picture for details.
Greenlam industries showing strength. Breakout with volume. No recommendation. Do your own research.
GREENLAM - Swing Trade Ascending triangle breakout with good volumes. Hold for targets ;)
Supporting Reasons:- 1) Near 52 week High 2) Accumulating at Time High for last 4 months 3) Rising Revenue since last 6 years 4) Rising Profit since last 6 years Year Revenue Profit 2022 1549.1 101.1 2021 1207.1 73.8 2020 1325 86.7 2019 1282.2 77.1 2018 1146.4 64.6 2017 1078.3 49.7 2016 1032.6 37.7 2015 927.5 19.3 5) Available at PE ratio of 33 cheaper than...
If it opens above the closing Should be a buy position
Understanding the overall structure. :- Here it is simple higher high higher low structure. Stock currently above previous higher high. How to Set Targets using Fibonacci extensions. First Identify the swing. here it is 308 to 1389. then place Fibonacci tool. After placing look at 38.2% 50% 61.8% levels if the stock has faced major resistance or support or...
As u see on chart nice and clean price action going on in this stock. Resistance turning as support. keep eye on this as nice breakout happening with a huge volume SWING TRADE OPPORTUNITY BUY ABAOVE 1450+ FOR TGT - 1650+ WITH STRICT SL 1330
Very good risk: reward opportunity ... Can go long with MA as SL
On the face of it, I could not find one bad point about this company.... Ashish Dhawan sir holds 5.65% stake in this comp... There may be some negative biz triggers which are unknown to me.... but on charts its a fresh BO which makes it worth the risks. Involves market risk. Do your due diligence... *NISM Certified Research Analyst
This scrip is expected to give breakout as it is on the verge of breakout. So traders keep on your radar to catch the momentum and enjoy the profit.
looks like PB is done and ready to resume the up move. Buy with a SL below the swing low.
It has formed Bearish Shark, and the potential reverse zone between 1032 - 1016 SL: 1035 T1: 1000
There is a minor resistance at 937 and a strong resistance at 966. If the resistance is crossed, the stock may gain 50% in interim period. For the last 30 days, the stock rose 50% from its 8/1 support.