SOMANY CERAMICS LD NSE:​SOMANYCERA

SOMANY has seen a lot of volume pickup on the buy side in the last month or so.. signs of bottoming out? NOTE: this is is my personal view holding positions at 280s

SOMANY cramics is at highly oversold on monthly charts and is at 100 monthly moving average.. expecting a bounce back.. NOTE: analysis is only for EDUCATIONAL PURPOSE only.. Feedbacks welcome..

Monthly chart: pink lines important support and resistance levels has corrected majorly since jan 2018 from 970 near levels Weekly : blue lines hammer formation on weekly chart tested monthly support line and closed above it buy above 365 levels Daily chart : red lines long...

Descending Triangle: Target: 327; confirmed with breakdown. SL: 440. (basis 4hr charts) 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.

After a serious Downfall Somany Ceramics might be having a base in Place. With a Stop Loss below the Low Made, can be longed for Target 700

stock looks good as trend is up from long time. taken support at 61% fib level. confirmation by bullish candle. Sl 480

SOMANY CERAMICS INVITING VOLUMES NEAR UPPER CHANNEL LOOKS GOOD WITH TRENDLINE SUPPORT.CAN TEST 627-640 ABOVE 610 CMP 588