MAdras Fertilizer looks good At this zone for BuyingMAdras Fertilizer looks good At this zone for Buying
MADRASFERT trade ideas
MADRASFERT LONGGiving Breakout in Weekly time frame and Breakout of Supply-Demand zones at daily and weekly time frames.
Madras Fertilizers LimitedMADRASFERT:- stock is about to breakout keep your eye.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
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MADRASFERT | INCOMING BREAKOUT | RR 1:3Madrasfert has been attempting to breakout of a resistance zone around 51-52 levels. After multiple attempts and rejections, now one more attempt is being made, this time with good vol. & RSI showing strength above 60. To sustain the breakout, a strong base formation has also taken place, providing a good foundation. So, consider following points before initiating Long.
1. A horizontal resistance tested multiple times & rejected.
2. Now an attempt to break is being made with strength - as indicated by the RSI level crossing & sustaining above 60.
3. A solid base formation ensures breakout sustains above the resistance level.
4. Volumes support the current breakout attempt.
So, with these points in mind, a long can be initiated as follows
Entry above 53.
SL 49
Targets of 61.8 & 64.5
Disclaimer : Always trade according to your own risk appetite & analysis. And always enter your Sl first.
2 Amazing swing trades and Index Ideas for 9 AugI daily make educational content videos on financial markets
Madras Fertilizers Target 1 AchievedTarget 1 was achieved in 2 days. A partial profit booking can be made. Hold for Target 2.
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Madras Fertilizers breakout analysisA breakout has been observed however it should sustain above 49levels to achieve the target.
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MADRASFERT BUY @ 48entry 48
SL 46.25
Qty 300
Risk 525rs
Price coming out of very tight consolidation on daily time frame.
On monthly and weekly it is trading above very strong resistance area. Expecting nice move to upside
MADRAS FERTILIZER LOOKS GOOD FOR 76#MADRAS FERTILIZERS
CMP 53.50
TGT 59, 63, 66, 71, 76
SL 45.80
Risk Reward (RR) - 1:3.1
Potential Returns : 45%
Potential Loss: 14%
Time Frame: 6 Months
Madras Fertilizer ready to make new all time highMadras fertilizer previous all time high was 53.45
week ended with good price rally with volume...
need weekly close above 53.45 for good rally towards 65++
views are educational
Long-MADRASFERTAll time high closing + Bullish Candle with huge volumes.
Currently MADRASFERTILIZER Is trading around 55.
Long until it breaks previous market structure.
An Undervalued stock from FertilizersMadras Fertilizers is engaged in the manufacture of Urea and Complex Fertilizers. It is also engaged in manufacturing Bio-fertilizers and trading eco-friendly Agro Chemicals and City Compost under the brand name Vijay.
The Company has Contingent liabilities of Rs.407.02 Cr
The starting of a new Darvas Box
Trade only on your DUE DILIGENCE
MADRASFERTMADRASFERT has given a good breakout from the channel pattern. Traders keep it under the radar.
MADRASFERTCMP: 44
- Rising Channel pattern breakout
- Highest daily volume Jan 2021
- Entry region would be 37 to 40
Madras Fertilizers Golden CrossIn January last week, Madras Fertilizers formed a Golden Cross between 50-SMA and 200-SMA on daily chart. The stock could be gearing up for a long-term rally.
High volume trade and high percentage delivery also favors the perception. The stock hit upper circuit today.
Trading into 52-week high. Could breach all-time high of 53 this week.
Resistance 3 crossed.
Fingers crossed!
MADRAS FERT WEEKLY HNS PATTERNNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3. Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
Cup and Handle Pattern This scrip is expected to give breakout in the coming days. So traders keep on your radar to catch the momentum. Thanks to all 🙏🙏🙏
#MADRASFERT#MADRASFERT
CMP - 37.10
Can be traded in the range of 32 to 35
OR
Above 40
Next Levels can be expected 44 & 55
View will be negated below 40.25
Disclaimer : This idea is only for education purpose, Pls consult your financial advisor
We are not Sebi registered.
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Madras Fertiliser breakoutMADRASFERT has given good breakout with volume.
Very short term target of 39 and positional to mid term is 50.
#FYIonly
Buy Today Sell Tomorrow: MADRASFERT for more than 5%DON'T HAVE MUCH TIME TO TRACK TRADES?
- Take BTST trades at 3:25 pm everyday
- Book profits within first 30 minutes of the market opening
- Try to exit taking 3-5% profit of each trade
- SL can be taken when 5/15 min candle close below 44EMA
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 and the rest of the time they either consolidate or fall.
Madras FertilizersAsc. Triangle. Price Break-out / Bol Support.
Can be bought for Mid-term
Do your own Research as well.
Watchout for Resistance breakoutThe stock looks good above 35 level positionally for target of 38 plus
Buy Madras fertiliserMy idea is for educational purpose.
Buy Madras Fertliser @ 26.5 for 10-20% gain.
