1. The stock gave a good strong breakout after 15 years.
2. Double bottom pattern breakout is seen monthly chart.
3. Cup and handle pattern breakout is seen in weekly chart.
4. A good volume accumulation is seen at the bottom of the cup formation.
5. After giving breakout stock retraced to the breakout level and bounced back with a strong bullish candle.
Stock Name-MURUDCERA
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Price got consolidated from 15 Yrs in a range.
Here you see a clear breakout above the range.
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If this month price get closed above the B point then XABCD pattern will be activated & we see a good upmove from here.
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All the levels are posted on chart.
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I am not a SEBI Registered. This analysis is purely for educational purposes only....
The stock has broken out on the weekly chart and is looking strong despite the weak sentiment. One can look to buy on CMP or if there is any dip to the levels of 54-58 for targets of 75-90-110 on a positional basis with a stop loss below 52 on weekly closing basis.
The current market sentiment is weak so it is advised to look at the long term and invest rather...
Stock is trading near multi year breakout (15yrs) with good volume build up, follow chart for proper support and resistance levels, this stock earlier posted at near 38-40 levels.
NSE:MURUDCERA 42.15
1. Cup and Handle pattern breakout at 35.00 inside the Rectangle pattern (56 to 8 range)
2. Strong volume in last 4-5 weeks
3. upcoming levels to watch 55.00-75.00
4. Support near the 35.00 level
#TechnicalAnalysiswithMrChartist
1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula: - Stop Loss Amount/(Buy Price-Initial Stop Loss Price)
4. Sell on RSI close below 30 (or use any other method of your liking)
5. Some other ways to sell stocks can be
a. 25% or 50% up in three weeks or less
b. Weekly tailing tops with high...
This scrip has been for short term return as it is expected to give trendline breakout in the coming days. So traders keep on your radar to catch the momentum. Thanks to all 🙏🙏🙏
Chart set up is nice.
Good cup and handle formation and price is nicely respecting the cup trendline.
RSI showing good upward momentum and range bound.
Good for target 1 = 37
and can go long for target 2 of 56 for future.
Disclaimer: This is not a recommendation. Pls analyze and study urself before investing.
Company posted profit after many quarers . Also price of stock cross all moving average . Target are marked in right . Stock will be a potential multibaggaer
It is on the verge of breaking the weekly and daily constant resistance.
All important levels are marked on the chart.
Educational purpose only. Trade at your own risk !!
Tiles is highly unorganized market and unorganized players from MORBI GUJRAT used to dominate this space in a big way and
since GST will help organised players EXPECT MURUDESHWAR CERAMIC TO DO WELL.
MURUDESHWAR CERAMIC IS AT A INFECTION POINT.
Promoters on 31st July 2017 have hiked by 2% from 63% to 65%.
Clearly in uptrend since 2014. Above 59 its a...
