Triangle and consolation NSE:SEYAIND Volume also increase
SEYAIND : Weekly BO Like, Share, Comment for regular updates. Disclaimer I am not sebi registered analyst My studies are Educational purpose only Please consult with your Financial advisor before trading or investing
This scrip is expected to give breakout as it is near trendline. So traders kindly keep on your to catch the momentum and enjoy the profit. Thanks to all.
Seya industries look bullish from here. Triangle price compression happening on this script. Expecting short term target up to 110 and long term 250. Its for Long term investment Seya Industries is engaged in manufacturing of Speciality Chemicals intermediates. Book Value = ₹ 345
WENT UP ON LOW VOLUME , HAS AN OLD TRENDLINE COMING (SUPPLY) WHICH IT DOES NOT LOOK POISED TO BREACH.
This stock has a Market cap of just 159 cr. I just happened to see the stock with a HUGE volume bar. I drew the line from the top connecting the resistances and found it to be a BREAKOUT. Then, I spotted another squeeze and connected the supports and resistances after which I spotted the same pattern on the RSI as well. Next I plotted the 50 & 20 DMA and found...
Seya would regain its strength if closes above 510 n sustains there. it might trigger exit if closes below 425.
Crossed an important 2/1 ascending angle resistance on Friday. Now there are some minor resistance on the way but the next major resistance is seen only at a level of 880 - 900
Support at 545, target 790, short/ medium term.