SADHNANIQ a long time in weekly timeframe#SADHNANIQ
is below a trendline for a long time in weekly timeframe,
I am looking for a breakout in this stock , keep monitoring this stock
SADHNANIQ trade ideas
Investment Idea for Long term InvestorsTrade idea for Long term Investors
High Reward Trade for High Risk Investors
Success rate 80% - 90%
"Realize Full Potential of a Stock by having Patience"
"Stock Market is more about What can happen rather-than what will Happen"
In Markets there is no 100% Guarantee but one can invest in High Probability Stocks
ALWAYS KEEP IN MIND
Rule 1 : Respect Target & Stop-loss.
Rule 2 : Hold the Trade until the Rule 1 is not met.
Rule 3 : SL on Day Close Basis
Rule 4 : Never do averaging if trade moves against your direction
Sadhana Nitro Chem LtdSadhana Nitro Chem Ltd
Cmp 74 SL 67 Tar 110
Time Frame Around 2 To 3 Months
Rsi Reversal Seen
SADHANA NITRO CHEM:Looks BullishSADHANA NITRO: Consolidated from 90 to 80 levels and in the process formed double bottom .
The stock stands at its neckline break out levels. Double bottom and surge in stock price is an indication that the stock after a prolonged consolidation phase is gaining momentum and the surge In volume suggests a likely neck line breakout towards 100
Sadhana Nitrochem: Symmetrical triangle pattern breakoutSadhana Nitrochem is looking good for long. Stock has given breakout of Symmetrical triangle pattern. Looking good for swing trade. Stock is under ASM list also. Trade accordingly
Sadhana NitrochemKey points :
> Golden Crossover of 50 DMA and 200 DMA
> Cup and Handle Formation
> Sharp reversal on Fibo Levels @ 61.8 on Daily Charts
> Bullish formation on Daily Candle sticks
> Strong Fundamentals seen increase in Revenue and production capacity
> PLI Scheme Approval also have got it from Ministry of Chemicals
> Immediate resistance at 68 and 87 levels .
RSI Resistance 94 ?After breaching the overbought RSI indicator of 70; Sadhana seems to have found a new ceiling of RSI 94 twice. Is 94 the new overbought indicator for Sadhana?
Broke out and now consolidating.In the short term it will find support around 26.50. Once it returns to its upward move, intermediate term target will be 42 and above
if it can close above 36.2, then might hit 47-50 quickly.Keep on radar!
Disclaimer:I am NOT SEBI registered. THE OPINION GIVEN OR THE CHARTS PRODUCED HERE ARE FOR MY PERSONAL REFERENCE ONLY AND THEY ARE NOT ANY BUY OR SELL RECOMMENDATIONS. Kindly consult your investment advisor and family members before investing.
Near the last supportSNCL has respected the last support at 141.50 a couple of days ago and today it has not tested the support but has gone up with an UC as of now. It should be above 180 by the 1st July to negate the down ward pull of the descending angle. For the time being with support of sustained bullishness 250 will be intermediate term target. In case of back to the consolidation ways, we will expect the stock will start up ward journey by 18th July. Support 141.
One need to do SADHANA to come out of it.however, one might get chance to come out of it around 208, 175, 141...
Disclaimer:I am NOT SEBI registered, Just trying to learn to predict share price movement. THE CHARTS PRODUCED HERE ARE FOR MY PERSONAL REFERENCE ONLY AND THEY ARE NOT ANY BUY OR SELL RECOMMENDATIONS. Kindly consult your investment advisor and family members before investing.
May break out after 15th AprilConsolidation in Sadhana Nitrochem may likely to be over by 15th April.
Crossed major resistance todayThe stock has crossed major resistance today. If it sustains the current level, with an intermediate resistance around 375, the stock seems to be heading for a level of 560. But the interim resistance levels are required to be watched out for any weakness.
