C&H/ VCP on monthly chart
Check how Eveready Industry turned around and now study this #RS Warriors
Only for Educational Purpose This company looked very interesting to me. The share value fell over 99% due to debt default. It was one of the largest tea producer in the world. If company is able to manage its debt efficiently it could become a multibagger.
The stock was able to give highest ever weekly closes after June 2019 , highest volume after Nov 2018 were registered. What's interesting is that the volume from last 3 weeks has been on rise. It is currently the world's largest tea growing company and rise in commodity prices will definitely propel a northward move.
Fresh long can be initiated above closing of 26.40. Broke out today.
Buy MCLeod Russel abv 27 sl 20 tgt 45 as the weekly chart show breakout with good volumes and momentum supporting it Disclaimer :- I am not SEBI registered analyst kindly consult your advisor before taking any trading decisions
OOPS BUY a) If you are watching daily charts, the first condition is that there has to be a SUSTAINED downtrend for a few trading sessions.I mean few Red Candles on daily Charts b)On the last day of downtrend when the Oops buy occurs, there is a gap down, which opens well below the previous day’s low. c)During the course of trading the stock rises and goes above...
NSE:MCLEODRUSS Target: 169, 177 & 204 Support : 161 to 165 on closing basis,
This is My Personal View Please Do Your Own Analysis
Tea seems to be an interesting play post all the rains around India.
on oxygen (seems Last support) reversal or inevitable Fall ..?
..... Details mentioned on chart. Education purpose only.
At Support of Long Term Channel. Can be accumulated till 173. Investment View for 6 Months. Other Details Mentioned In Chart. Please consult your Financial Advisor before taking any decission. I am not SEBI Registered Financial Advisor.
Chart indicate BO in weekly chart with higher volume. Short term Target is 220+ with SL 185 (On closing) Long term Target is 320 with sl 177 (on closing).
Volume breakout in MCLEODRUSS @ 192. Stock can move 220+ in near term maintain SL 178