Good swing structure developing in MADRASFERT
Support of 20SMA
Good candle formation after 4red candles shows sign of reversal
Would be maintaining SL below SMA
(Not an investment advice do your own research)
this stock is giving breakout and looking bullish
RSI is Strong
Fertilizer sector is booming
Ascending Tringle is Forming
Breakout Can Happen any movement
CMP is 93
SL is 80
Target is 100
120
140
this stock has come out of 12 months consolidation and is sustaining above 100 which is a round level. a very good sign due to weekly close and continuous volumes supporting close above 100. immediate target 125 followed by 166 and 200+. promising script for Long with fertilizers stocks moving all together.
Stock has given strong BO on daily chart with good volume maintaining supportive Trendline, near to ATH, follow chart for proper support and resistance levels.
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
Please note that, if there are some big targets, those are drawn thinking...
1) stock at up trend momentum
2) 96 is the resistance level for the stock
3) this up trend supported by volume
4) volume building like mountains
5) 2022 APR "55-60" this zone act as resistance for the stock
6) after this breakout stock give 68% rally
7) 68% rally with in one months likely 22 sessions
8) same move can accepting from this stock
9) crossing...
Volatility Contraction Pattern is popularized by Mark Minervini, who is a two times US Investing Champion. Last year he won the championship with a record-beating 300+% in the year. He primarily uses VCP for his trading setups. It is a twist on the ascending triangle pattern with some variation.
It has the following characteristics:
The Stock must be in stage 2...
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📌TRADE ANALYSIS OF Madras fertilizer:-
•Breakout of symetrical pattern on DTF with strong candle
•Break counter trend line and hidden lines
•Volume increases last few weeks...
Previously captured 40% from MADRASFERT.
It's monsoon season and fertilizer stocks normally moves up during the season.
Stock has been consolidating in a range for nearly 6 months after previous breakout.
CMP - 71.55
Target - 25 - 65%
SL - 65
Views are personal & for educational purposes only. Study the stock & Trade responsibly.
Cup & Handle Pattern
#MADRASFERT
- Coming out of the Pattern
- Volume Dryup during handle formation
- Above Key EMAs
- Bullish RSI
:- Not a buy recommendation.
The chart simply -
Cup & Handle | Retest & Fib Support at 50% | Bullish Candle from Support Level | Volume
Target 40% ; Stop Loss below Rs 53
Thanks
-AJ
A continuation wedge bullish is a technical chart pattern that can indicate a potential bullish trend continuation. This pattern forms when the price of an asset has been in an uptrend and then starts consolidating in a tightening range, forming a wedge shape.
In a continuation wedge bullish pattern, the price tends to break out of the wedge pattern in the...
#MadrasFertiliser formed a base for 12 weeks and then price breakout above the upper base limit.
Will add CMP 74.45 and upto 65 for 25% upside for 94 with trailing SL at 60.
Stock is hovering at 5.14PE and ROCE at 28%.
Quarterly and yearly sales are improving with decent 10%OPM
#MADRASFERT : Stock has Bottomed out and can show good upside in coming days
>> Good strength in stock
>> Volumes picking up
>> VCP seen at bottom / Rounding bottom
>> Can show Good momentum by giveing some good returns in coming days
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