Company Profile
Somany Ceramics Limited is a manufacturer and marketer of tiles and offers a range of sanitary ware and bath fittings. The Company is engaged in manufacturing ceramic/vitrified wall and floor tiles.
ONLY upside left for this .
Any comments and suggestions will be appreciated.
Hi all, Expecting SOMANYCERA will breakout to upside or if price continues drop look for reversal entry at Weekly Trend line
Take-Profit Level 475 ; 534
***Use Proper Risk and Money management Rule if you don't had a one please LEARN IT !!!! and meanwhile watch the play Please don't trade
"Market has Full Opportunities "
If you have any Question feel free...
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 char t : red...
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.
Somany Ceramics Ltd. engages in the manufacture and trade of ceramic products. It offers floor tiles, wall tiles, chrome plated fittings, sanitary ware, and tile laying solutions. The company was founded by Hira Lal Somany in 1969 and is headquartered in Noida, India.
SOMANYCERA
