#RELCHEMQ #vcppattern #breakout #stocksinfocus
RELCHEMQ : Swing Trade
>> VCP Breakout
>> Good Trending Setup
>> Good strength & Volumes
>> Low Risk, High Reward Trade
Swing Traders can lock 10% profit & keep trailing
Please Like or comment if u r Liking the analysis & Learning from it. Keep showing ur Love
Disclaimer : This is not a Trade Recommendations &...
NSE:RELCHEMQ BSE:RELCHEMQ
Time Frame – Monthly
Observations : -
* After breakout of 13 years trendline price move one side.
* After that price fall to earlier trendline and took support and gave good bounce.
* Price also bounce from fibbo 61.8% & 50% zone and now trading above this zone.
* Tomorrow monthly and weekly closing will confirm the trend change...
Just see how relchem stock almost 10-15 year consolidation ..
triangle pattern b.o. and how fast it done expected immediate level on upside.
it may (or it may not ) go further.
but one may learn so posted for learning only..
can abcindia logistic also do same fast move ..
same very old 10-15 years .
learn ..decide ur, risk your.
On Radar
RELIANCE CHEMOTEX (503162)
Cmp 73.20
👉 Reliance chemotex has posted Phenomenal growth in topline and bottom line
👉 Promoters have increased stake to 72.65% from 50.43% by subscribing to right issue which shows immense confidence in the business.
👉 Its net long term debt to equity is at just 0.11x as on March 2020 which is great
👉 Company has reduced...
