Rolex rings showing weekly bearish divergence and Daily bearish divergence. Expected direction is downwards.
- Reversal from BO retest on daily chart. - Trend reversal confirmed above 2205 level - RSI given early BO today
- Company has reduced debt. - Company has delivered good profit growth of 21.9% CAGR over last 5 years - Company has a good return on equity (ROE) track record: 3 Years ROE 29.3% - Annual Revenue rose 16.5%, in the last year to Rs 1,198.3 Crores. Its sector's average revenue growth for the last fiscal year was 26%. - Quarterly Revenue rose 8.6% YoY to Rs 313.7...
Stock in constrained up trend Higher high and higher low movement Probability of a short term trade with Risk-reward ratio of 1.7 Target and stop loss mentioned in the chart Not a recommendation, for study only
Rolex rings has give a good break out can expect a good move upside. Clear VCP pattern
This is my trading journal, not a trade recommendation. Idea presented only for educational purposes for me and others who want to benefit from my experience. DISCLAIMER: Trading in the stocks market or futures markets is on e of the riskiest forms of investments available in the financial markets and suitable for sophisticated individuals and institutions. The...
NSE:ROLEXRINGS has given a solid breakout and now one can go long in this position by keeping a stop loss at 2150. It gave an initial breakout and then took out the previous high which makes this breakout more interesting and strong.
Breakout in Rolex Ring with high volume..................
In the Weekly Chart of ROLEXRINGS , we can see that; it has given breakout from Cup & Handle Pattern. Let it retest. Expected momentum is shown in chart.
Breakout retest and bounce Next resistance is 2060
pullback from 50 ema thats in good sector stock and after price contraction.
Rolex Rings is a leading manufacturer of forged and machined components, one of the top 5 forging companies in India and is also a Global supplier of hot rolled forged, machined bearing rings and automotive components for various segments of vehicles, Industrial Machinery, Wind Turbines and Railways. It derives nearly 54% of its revenue from bearing rings and 38%...
1. Bullish Engulfing on Weekly TF. 2. Made Higher Low around 1700 levels. 3. Doji followed up with Bullish candle (where Open = Low). 4. a. Very good Risk to Reward (about 1:3) in short term. b. Risk: Reward - 1:5 in longer time frame
Bullish wolf wave on daily chart Trg-1: 1880 T2: 1925 SL 1768
cup completed and vol emergence in RH side. shakeout done twice and at ATAH... out performing index also recipe for good rewards
Rolex Rings - Good technical chart. Auto sector looking strong..can show good return in coming months
Another Script supporting wonders of PC ( Parallel Channel ) #WondersOfPC ROLEXRINGS (CMP: 19699.15) --> ALL 3 Parallel Channels namely PC-A, PC-B & PC-C are of SAME WIDTH & SLOPE !! Isn't it wonderous!! Current Status: -At breakout level of PC-C Upper line -If the coming days candle goes above 1895-1900, it will be confirming BO -And if not, it will test the...
#RolexRings tried to cross 1350 levels three time in 6 months of 2022 and as successful in doing that 3rd time. After which it gave 40%+ return in 2 months