Logic:-RSI positive divergence near trendline support followed by Consolidation breakout
Epigral is yet another chemical stock showing reversal signs. It has got decent return ratios (ROE , ROCE above 30% ) and PE ratio of 18 at CMP.
Relatively safer stock to bet as technofundamentals are strong together.
Happy trading!
#EPIGRAL - Consider adding the stock to your watchlist as it shows potential for a breakout soon. The weekly chart reveals numerous bullish candles forming, accompanied by significant volume.
Checkout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get...
Hello Everyone, i hope you all will be doing good in your trading and your life as well, i have brought another stock from chemical sector which produces Chloralkalis: Caustic Soda Lye and Flakes, Liquid Chlorine, Hydrogen, Caustic Potash Lye and Flakes, etc. Company belongs from solid fundamentally Meghami Group. it is the fourth largest manufacturer of...
Came under the scanner..
Looks interesting break on upside.
can wait for a retest as volumes aren't picking as expected.
need to wait and watch how it plays out.
Just an analysis.
Epigral is India's 4th largest manufacturer of Caustic Soda, Chlorine and Hydrogen and a leading manufacturer of Caustic Potash, Chloromethanes and Hydrogen Peroxide.
Epigral is strengthening its position in the specialty chemical segment by expanding CPVC Resin capacity to 75,000 TPA, setting up CPVC compound capacity of 35,000 TPA, entering into the...
One of those stocks which hasn't moved a lot yet in the chemical pack..
Long above 1050 with a stoploss below 990 for conservative traders and 1040 for aggressive traders.
Under the right environment this stock could give a great risk to return.
As per Swing Trading Strategy MEGHMANI FINECHEM LIMITED Looks Bullish
Support taken near 970-980 if its break then it will test 920-930 Level
Positive Notes -
Prompters Holding above 71 %
Pledged Stock - 0%
Last 3 year Constant Profitable
FII and MFs are Buying this stock and increasing Participation.
Level to Be Consider
Buy Near 995-1005
Stop loss -...
--RSI below 30 which indicates oversold
--short trem
Disclaimer:
- The view expressed here is my personal view
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
-- Do your own analysis and...
MFL has form double bottom on weekly timeframe and inverse head and shoulder on daily timeframe with change in structure can consider to buy 1100 - 1130 with stop loss of 1011 for target of 1446 , 1640 for mid to long swing
Identified a new swing stock/- MFL
Buy above 1125+(when price triggered)
SL 1094
TGT 1500+
Disclaimer - This is not a buy and sell tip it's only for educational purpose analysis
Swastik capital
DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
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...
