Plasti Blend Trendline Breakout in Weekly TF!!This share has given a Trendline Breakout in Weekly TF. Closing above 292 can make this share to retest its ATH
CMP: 288
Tgt: 320,335,358,400+
SL: 225 WCB
Chart only for Educational purpose !!
PLASTIBLEN trade ideas
Bullish run about to startPositional analysis with time frame 6 to 12 months.
Company's price has given good price correction and fundamentals are also decent.
perfect price range btw 200 to 240
sl 100
target 480
PLASTIBLEN - A CONSOLIDATION BREAKOUT WILL IT SUSTAIN OR FIZZLE RSI on all time frames above 60
Price breakout with high volume
ABCD pattern under formation on weekly charts
Narrowing Bollinger Bands on weekly and daily charts
Price moving on upper Band
Major support 282- 308 zone
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
Horizantal breakout in PlastiblendsPlastiblends has given breakout with string volume. it could be a possible swing trade. My target for this will be 500 in 6-8 weeks.
PLASTIBLENDS - Monthly - Ascending Channel - Bullish - LongPlastiblends India Ltd. has shown a strong uptrend within a well-defined ascending channel since 2013. The recent price action suggests a continuation of this trend, presenting a compelling opportunity.
Technical Analysis:
Ascending Channel: The stock has been trading within an ascending channel for over a decade, demonstrating a consistent pattern of higher highs and higher lows.
Support and Resistance: The stock recently bounced off the lower boundary of the channel, a strong support level. The upper boundary of the channel acts as the resistance.
Volume Analysis: The volume has shown spikes during uptrends, indicating strong buying interest.
RSI Indicator: The RSI (14) is currently at 62.46 and trending upwards, suggesting increasing bullish momentum. The RSI has bounced off from the mid-50 level, a common support in uptrending stocks.
Plastiblends India Ltd. is in a robust uptrend within an ascending channel. With strong technical indicators and bullish momentum, this stock presents a favorable risk-reward ratio in my opinion. What are your thoughts?
Disclaimer: This analysis is for educational purposes and should not be considered financial advice.
Buy Call For PlastiblenPLASTIBLEN
Plastiblends India Ltd
Long term & Swing trade
314.5
24-01-2024
Market slowdown
Plastiblends Monthly chart BOPlastiblends Monthly chart BO and in Weekly bullish engulfing candle forming one can take risk now with SL of 264
Plastiblends: Looking good on weekly time framePlastiblends is reversing from support zone. Keep on radar.
Hold it for long termVery bullish in long term. Expect great returns in longterm. Strong Fundamentals and high growth in the industry.
Retest After Breakout Done- Ready For Upside -Retest After Breakout Done- Ready For Upside
-increase in volume
-rsi is weaker side now keep eyes on there
-adx is still showing strength
PLASTIBLENDSA unique business
Rsi mothly above 55
debt free company
Be Simple Buy Simple.
if you like my idea pls follow share and boost it.
PLASTIBLEN - SWING TRADE - 27th November #stocksPLASTIBLEN (1W TF)
Swing Trade Analysis given on 27th November, 2023 (Monday)
Pattern: NECKLINE RESISTANCE BREAKOUT
- Neckline Resistance Breakout - Done ✓
- Volume Buildup & Spike - Done ✓
- Retracement + Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte #plastiblen
PLASTIBLEN, Multiyear BO StockPLASTIBLEN, Multiyear BO Stock. Momentum will pick up once crossed 334 level.
TGT can be decided by Range calculation method.
Price Volume analysis
This is not a buy sell reccomdation. This is for my learning and recording purpose.
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Plastiblends India: Attempting Inside bar breakout on DTFPlastiblends India is looking good on daily time frame. Stock is attempting breakout of inside bar formation. Keep on radar.
Plastiblends India: Consolidating in rectangle pattern on MTFPlastiblends India is consolidating in rectangle pattern on monthly time frame and trading near upper range of rectangle pattern. Keep on radar for closing above 340.
Plastiblend: Rectangle base formation on monthly time framePlastiblend is looking good on monthly time frame. Stock is consolidating in rectangle box and trading near breakout level. Keep on radar for closing above 335.
Plastiblends India: Offering low risk opportunityPlastiblends India is offering good opportunity for buying stock is trading near all time high levels with good volumes. Keep on radar. Seems good accumulation has been done and stock is getting ready for new upward journey.
Plastiblends: Rectangle base breakout on MTFPlastiblends is looking good on monthly time frame. Stock is attempting rectangle breakout on monthly time frame. Generally rectangle base setup give excellent results. keep on radar. Final Target can be 480-500 for long term if sustain rectangle base breakout.
Plastiblends India: Looking good on monthly time framePlastiblends India is looking good on monthly time frame. Stock is attempting all time high breakout. Keep on radar.
Plastiblends India : Looking good on monthly time framePlastiblends India is looking good on monthly time frame. Stock is trading near breakout levels. Keep on radar.
PlasticBlend: Keep on radar for Multi year BOPlasticBlend is on verge of multiyear breakout. Keep on radar. Above 311, it can give quick move.
inverse head and shoulders breakoutthis stock is near 2 year bearkout and also forming inverse head and shoulder pattern
