This is the analysis of SOMICONVEY in Weekly Time Frame. Watch carefully. The chart explains itself. The stock managed to break the long term resistance with increasing volume. It can retest the breakout level. If it will sustain above the breakout level, it is good for the stock. Generally Multiyear Breakout is a bullish signal for stocks. There are some...
There is a one more stock Which is showing a great opportunity in this type of market showing great strength, stock is in Upper Circuit SOMI Conveyor. what is your view please comment it down. We are NISM Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
Maine ye stock q aur kaise pick Kiya Kiya ye nahi bata Raha hu bus green BELT ka intezar hai mujhe, lagta nahi waha Tak pahoch payega ye, let's see Kabhi kabar mere analysis samjh nahi aate kisiko but koshish karne walon ki haar nahi hoti #DataBullish #VolumeAnalysis
Cup and handle formation which started in Feb 2018. Looks like it ends as the Chart breakouts from it's horizontal Trendline above the cup & handle's base line. Brace for super long targets with strict stoploss in any case the momentum gets slow given the chart is based on a weekly timeframe.
Somi Conveyor Belt - weekly Analysis CMP 41 buy @ CMP add more if get @ 35- 20 rs levels add more if get @ 10 rs levels Targets 50- 60- 75- 85+
Hello Friends, Here we had shared possible Elliott wave counts on SOMI CONVEYOR BELT in which wave structure is clearly indicating impulse up move ahead, along with cup and handle chart pattern breakout, which is itself a fresh bullish signal. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor...
Somi conveyor belt #SOMICONVEY weekly chart. looks good to reclaim high. crossed the pivot with volume. #StockMarketindia #stocks #stockstowatch
Somi Conveyor Beltings Limited is engaged in manufacturing of conveyor belt. GOOD LOW BETA STOCK CONTINUOUSLY IN UPTREND WITH VOLUME POSITIONAL BET ON THIS STOCK STOCK WILL DOUBLE FROM ITS CMP ------------------------------------ STRICT SL TO BE FOLLOW IN EVERY TRADE -----------------------------------
Somi Conveyor came down sharply from 86 to 36, without any respite. However, it today tested very important support leve of 36-37 zone which was created excatly 2 yrs back. I guess its good time to enter for 30-35% jump. Positional stop can be below 35.1