buy somany ceramics at cmp 513 sl 474 target 1- 590, target 2-650, target 3- 710. Disc : It's not an investment advise to buy or sell. Do your research
Ceramics sector is gaining good momentum since last couple of weeks. Somany ceramics is also on verge of breakout on hourly time frame. Can go for long at CMP for target of 537-542 with SL of 488.
Formation of Cup and Handle..with 50% Fibo Retracement Tgt looks Double from here
Long entry can be taken in somany after the BO of the TL. High probability trade. At the support level, the bullish engulfing candle has been seen. RSI also forms +ve divergence. Entry can be taken between 625-640 with SL of 588 for the target price of 730-755. This is for your educational purpose only.
The redline zone is a crucial support zone where price forms a W pattern if we create an entry here with SL below support zone then we can the next target up to the green resistance zone at around 33%.
buy above 950 in intraday and swing keep stoploss 925 for swing For stoploss in Intraday use 5 minute chart and see nearest support. for target use 5 min chart and fibonacci pivots as i don't keep predefined target. try to book partially and trail. Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical...
Positional Pick Do not miss levels. Already shared this stock around 400 levels, the link has been attached for the call shared around 400 levels.
SOMANY is in good uptrend SL, ENT AND TGT are as mentioned on the chart. It can go higher levels if we calculate the target using the range calculation
Reasons to buy: -RSI above 60 -MACD Crossover -Higher volume than usual -Almost around Resistance 1
NSE:SOMANYCERA Multiyear Breakout on weekly time frame. Good to get entry only if stay above 715. It still faces resistance from higher level. Let's see if it can stay and close above 715 in next week.
After forming a rounding base, Somany Ceramics is now forming a text book pullback pattern with price consolidating in a narrow range above the base. The resistance turned support line has not been violated during this period of consolidation and volume is drying up, just like how it dried up during the base formation. The company is likely to announce it's...
Wait till enter Fib support at 529.. Have to catch before its too late.. Wait for dip and enter
NSE:SOMANYCERA All levels marked on chart
Breakout from 2019 high level with good volume and wide range candle, bullish structure.
Great Upflag breakout seen with huge volumes and also closing above R3 pivots with macd bullish crossover as well, looks good for trade up to next resistance which is at 586 and can trail your stop loss. Can keep it on your watchlist. Trade at your own risk. only for educational purposes. Thank you.
Somany Ceramics Ltd. is involved in the business activities of Manufacture of other clay building materials. The Stock has formed a rounding bottom formation after a prolonged downtrend. The Stock is near a multi year resistance and consolidating. The stock from a technical standpoint is trading close to its 50DMA. Handle is almost formed with clear low volumes....