greenlam industriesit is in between the zones volumes are building up it needs to breakout from the zone in order to give a good move .....keep in your watchlist
Trade ideas
breakout with volume20 percent move expected up side.. stop loss below entry candle.. can hold stock for long time
Greenlam Industries: Keep on radar for falling trendline BOGreenlam Industries is looking good on weekly time frame. Stock is trading near falling trendline breakout levels. Keep on radar.
Greenlam Industries: Showing strength near support zoneGreenlam Industries is looking good on daily time frame. Stock is getting buying interest near support zone. Keep on radar.
Greenlam Industries: Offering low risk setupGreenlam Industries is looking good on daily time frame. Stock is trading near strong suport levels. Keep on radar for bullish candle.
GREENLAM BO [DAILY]Good volumes with price appreciation. Had minor pullback today, should be a good watch to see what it does moving ahead.
Cup & Holder breakout | GreenlamGreenlam, the stock has given a decent cup & Holder breakout with likely targets ranging to 620+
GREENLAM INDUSTRIES TARGET 540GREENLAM INDUSTRIES monthly and weekly brekaout from raising wedge with bullish. If it open and close above 475 in day chart it will reach 540
Greenlam is waiting for a BIG MOVEAccording to price action, it's at super reasonable price to take. and it's waiting for a big move. Big quantity is trading beyond our eyes. don't know when it'll break upside but once if it's break then we can see a potential up move.
Still we can ride this trade with min SL. Risk reward would be so satisfying here.
GREENLAM IndustriesGREENLAM Industries
Breakout from Inverse Head & Shoulder pattern
Buy above 418
Possible Tgt : 504+
SL 364
GREENLAM INDUSTRIESGreenlam industries showing strength. Breakout with volume. No recommendation. Do your own research.
GREENLAM - Swing TradeGREENLAM - Swing Trade
Ascending triangle breakout with good volumes.
Hold for targets ;)
Greenlam IndustriesSupporting 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 close competitor
6) Small cap stock with good potential to become multibagger over next 2-3 years
GreenLam. How to set Targets when stock are at all time high.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 consolidated for some time then the swing identification is correct.
Look for extension levels. You'll get your targets.
Looking at the momentum review the potion at each extension levels
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GREENLAM NICE BREAKOUT HAPPENING WITH HUGE VOLUME. SWING TRADEAs 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
Long Greenlam with CB below MA as SLVery good risk: reward opportunity ... Can go long with MA as SL
GREENLAM, An interesting chart. By The_RedTickerOn 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
On the verge of breakout ✌✌✌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.
GREENLAM - Buylooks like PB is done and ready to resume the up move.
Buy with a SL below the swing low.
