India Glycols Ltd. operates as a holding company, which engages in the manufacture of industrial chemicals such as green technology based bulk, specialty and performance chemicals and natural gums and industrial gases, ethyl alcohol (Potable) and nutraceuticals. It operates through the following segments: Industrial Chemicals, Ethyl Alcohol (Potable),...
Hi,
Price taking support on trendline. Price making swing higher highs. it will possible chance to price will move upside form current support zone .price cross 200 EMA and now taking support 200 EMA
targets will be Resistances are marked as red horizontal lines.
previous swing low is Stop loss
This idea is for Educational purpose and paper trading only....
Fundamentally stronger.
Capacity Expansion for ethanol production completed in Jan 2024, further addition underway.
Excellent management commentary post Q3 results.
High accumulation completed above Rs770 with huge Volumes.
Consolidation done between Aug 23 - Dec 23, before breaking out above Rs770 levels.
Goi intend to increase allocation to produce ethanol...
Analysis for educational purposes only. I am not a registered analyst.
If the risk reward is not favorable, I tend to wait for the stock to come down to my price.
This could lead to missing a possible rally, but for me, I better miss the rally than enter at a time where the possibility of loss could be higher.
A Higher High Higher Low structure on price action...
INDIAGLYCO
1) Time Frame - Weekly.
2) 2 Years of Downtrend Breakout in weekly with huge bullish candle and volume.
3) Next resistance / Target would be its previous Life Time High at price (1151.95 - 22%).
4) Recommendation - Strong Buy
BUY - INDIA GLYCOL
CMP - Rs. 724
Target - 1: Rs. 984
Target - 2: Rs. 1142
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Timeframe - 6-9 months
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Technicals - Bullish Flag Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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India Glycol has formed a cup and handle pattern near major support levels and could breakout anytime from CMP: 606.35.
There is also 50 simple moving average which should act as a support
Risky traders can accumulate at this levels or wait for a breakout signal on the handle
Target 1: 656
Target 2: 680
Stop Loss: 568
INDIAGLYCO create descending triangle pattern on 30m time frame,,,
if there is a strong break-down happened, then find short selling opportunity,,
always wait for a confirmation on this type of setup...
intraday analysis for 5 June..
NSE:INDIAGLYCO is forming the Double Top pattern. Pattern will be completed after the neckline breakout.
Will the pattern complete, or will there be failure?
Symmetrical triangle Breakout in India Glycol
Previously on 9th Sep stock had given breakout from its symmetrical triangle patter and now, price is coming for the retest.
If you observe todays candle, it is forming a hammer, indicating upside move in coming days.
For further Strong upside momentum price has to close above 980. All possible targets are marked on...
The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
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