Looks good stage 2. But the consolidation may take time?
Sanghi Industries closed at 18 month weekly high and in doing so, gave its highest post crash weekly close as well. The stock managed to close above the 47.65-48 level which was a very prominent weekly resistance currently and which was a strong support back in 2019 . Like many other stocks, Sanghi has moved up in a well defined rising channel post the 2020...
ROUNDING BOTTOM FORMING A CHANNEL TARGET - 70,100,140 STOP LOSS - 40 ALREADY CEMENT SECTOR IN ACTION .. MINIMUM DOUBLE OPPURTUNITY
SANGHI IND BUY RANGE - 38.9-39.5 STOP LOSS - 37 - 36 TARGET - 45 TIME FRAME - 2 -3 WEEKS
13 Yr Resistance BO. Spiky Volumes like never before. Long term trade/invest kind of chart.
Demand Zones plotted. Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.
Trading at a support level of 85 Rs . Support broken can take it to 75 rs .
Retracement from 38.2 levels Reversal confirmation CCI(W/M) >100 Target 143 SL 111
Retraced to 38.2 levels of 111 and moved up with strength Awaited TGC alignment CCI(D/W) <100 CCI(M) >100 Another close >120 with strength would align the charts
buy at current level tgt 128 -132
Scrip can given breakout from 52-week high, Neckline support and going strong with bullish surge Bullish momentum sign 1) SMA - Price range is above SMA-15 and SMA-200 and SMA-15 is above SMA-200 which gives strength to ongoing momentum 2) Didnt get affected much during recent NIFTY corrections 3) Volume increase during past few sessions Aiming towards...
Ready to break previous resistance, with strong volume, if trade above 99.5 then next target 125, Position Buy above 99.5 with SL of 85 Target 125
Going long in Sanghiind @ CMP 99. Keep SL 87 on closing basis
Sanghi trading at support line in channel pattern, will it resume its upward journey.. target: top line of a channel.
Stock can be buy at CMP and add in deep near 75 & one can keep SL of 71