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Sharda Cropchem Ltd.Sharda Cropchem Ltd.Sharda Cropchem Ltd.

Sharda Cropchem Ltd.

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SHARDACROP trade ideas

📈 Exciting Bullish Pattern Alert! 🐂📈 Exciting Bullish Pattern Alert! 🐂 📊 Pattern: Support Area 📌 Symbol/Asset: SHARDACROP 🔍 Description: Stock is around Demand zone. We might see upside if demand zone is sustained 👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation. Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
NSE:SHARDACROPLong
by FiveCircles
20% upside potential in Sharda CropChemThe stock has seen a decline of over 45% from its all-time high (ATH) and is currently trading below its 200-day moving average (MA). It is maintaining a consistent trading pattern within a range of 418 to 505, which constitutes a 20% range. The stock has found support at multiple points within this range and has experienced three movements from 418 to 505 within the past year. W pattern is also being formed. Long term target can be 700 & Short term 500. From a fundamental perspective, the company has achieved its highest-ever revenue and profit figures, with the exception of the last quarter where a significant reduction in the prices of raw materials and finished goods led to a stock revaluation as per the Accounting Policy. This revaluation impacted the gross profit (GP) and overall profitability by Rs. 71 crores. According to the management presentation, the company anticipates an improving trend in Q2FY24.
NSE:SHARDACROPLong
by Manabala
SHARDACROP Trendline and RSI SupportIn this analysis, we'll delve into the technical aspects of the weekly chart for SHARDACROP, evaluating key patterns and indicators to offer insights into potential trading opportunities. Trend Analysis: The chart presents a notable breakout of a weekly rising trendline. This signifies a pivotal shift in trend dynamics. Breakouts from such trendlines often indicate a transition from a bearish trend to a potentially bullish one. This breakout emphasizes the importance of observing trendlines as they can provide significant trading signals. RSI Support: An important aspect to consider is the support observed on the Relative Strength Index (RSI). RSI is a widely used momentum indicator that helps traders gauge the strength of a trend. The fact that the stock has found support on the RSI suggests underlying strength in the recent price movement. This support enhances the reliability of the breakout signal from the rising trendline. Trade Strategy: Considering the insights from the chart analysis, here's a proposed trade strategy: Entry: Initiating a long position at the current market price (CMP) of ₹445. This entry point aligns with the breakout from the rising trendline, indicating a potential uptrend continuation. Stop Loss (SL): Implementing a stop loss at ₹408. This level is strategically chosen to allow for minor price fluctuations while offering protection against unexpected adverse price movements. Effective risk management is crucial in trading. Target: Setting a target price of ₹490. This target level corresponds with the potential upside suggested by the breakout from the rising trendline. It's crucial to have a clear target in mind to capitalize on potential gains. Conclusion: In conclusion, the breakout from the weekly rising trendline and the observed support at RSI point towards the likelihood of further upward movement in SHARDACROP. It's important to remember that while technical analysis offers valuable insights, no analysis guarantees specific outcomes in the stock market. Every trade involves risks, and prudent risk management is essential. Before making any trading decisions, it's recommended to consult with financial professionals and to consider your risk tolerance, trading strategy, and market conditions.
NSE:SHARDACROPLong
by yaashul
BUY TODAY SELL TOMORROW for 5% DON’T HAVE TIME TO MANAGE YOUR TRADES? - Take BTST trades at 3:25 pm every day - Try to exit by taking 4-7% profit of each trade - SL can also be maintained as closing below the low of the breakout candle Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall Resistance Breakout in SHARDACROP BUY TODAY SELL TOMORROW for 5%
NSE:SHARDACROPLong
by Kapil-Mittal
9
Flag (Bullish)SHARDACROP The price is currently showing signs of resuming a strong rally after a temporary pause. This resumption is characterized by a pattern known as a bullish Flag. The Flag pattern typically occurs within a dynamic market rally and represents a brief consolidation or pause as the market takes a moment to gather momentum before continuing its upward movement. The pattern is formed by two parallel trend lines, which may slope downward against the prevailing uptrend. The confirmation of the bullish Flag pattern comes when the price breaks above the upper boundary of the pattern, signaling a resumption of the upward rally. This breakout suggests that the temporary pause is over, and the price is likely to continue its upward surge. Note for everyone who came across this reference: This chart analysis is only for reference purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:SHARDACROP
by hardeepssethi