After breaking range it can give good momentum keep in radar With volume
Shiva texyarn Ltd . Micro cap company .. fundamental are ok...good base formation done at bottom and forming rounding bottom...if stock r complete its pattern then big upside possible around 600+. CMP: 244 sl:185(cb) target: 290/410/525/650....risky bet ..pls follow strick stop loss and position sizing Note: educational post
invest at current market price sl- weekly low target- release your capital
SL 212 Target - 1st 286 2nd 357
SHIVATEX: Looking Good Rounding Bottom Pattern Breakout Sustaining Closing/Above 250 Head & Shoulder Pattern Breakout Closing/Sustaining Above 220 Buy Above/CMP 234.75
Sustaining 186 - 196 will make the price to move towards 212, 228, 242 and 260. Time duration - One year. Note : Consult your financial advisor before investing.
Suggested by @ravihit957 Closed on the high in a down week. SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA TGT: After a 10-15%+ vertical move, breakdown of 20MA on Hourly chart (on a daily close basis). BUY GUIDANCE: Never ever buy before 3PM. I have been burnt many many times.Try to...
Shivatex (WEEKLY):- CMP 200 Looks Good For upside :) 1) Multiyear Breakout :) 2) Reversal Pattern + Volume Breakout
Analysis is based on the recommendation of this stock from a well wisher. I see a quite long consolidation with an Inverted Head and Shoulder Pattern. Yesterday , a breakout was witnessed with good volumes. Riding the trend here.
details in chart if you like it follow me and share
view negated below curve closing. with rising yarn prices , need to track companies earnings.