#Supreme ind cash : Looks good around 2200-2230#Supreme industries -Positional call
15.09.2021
Looks good around 2200-2230
stoploss 2150
Tgt 2600/3000
Cmp 2258.90
SUPREMEIND trade ideas
Supreme Industries ....in consolidation modeThe stock is consolidating since last few weeks and is expected to move in the marked zone for few more days. once it breaks the upper resistance zone it will move upwards fastly.
expecting head and shoulder patterntrade set up
1. trend line breakout
2. expecting head and shoulder pattern
3. all entry exit and stop loss mentioned in chart
SUPREMEIND Intraday Or BTSTSUPREMEIND is trading at its Weekly Trendline Support. So, we are just trying to play support buy combined with harmonic.
SUPREMEIND
Buy- Above 2130
Sl - 2090
Target - 2180 2200 2235
Supreme Ind: The test of support50 EMA broken but 2132 holding as strong support. If it consolidate sin this region, may show down move upto 1924. Overbought on monthly charts so likely downward move on the cards.
If it break support today, things are bearish.
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Supreme Industries - Range Breakout- Fundamentally strong company
- Breakout from a consolidated range showing a double bottom pattern
- Buying pressure indicated by the long lower wicks
- Breakout is supported by volumes, however it seems there is huge selling at 2130-2170 range but the net price change on the day is still +ve
- Don't chase the stock as it might correct a bit and a good entry can be near 2130-2100 levels
- Good for short term as well as medium term trading
- Once 2200 level is crossed there might nice momentum
SUPREME Industries Positional View !!!SUPREMEIND : cmp: 2050.35
A good bullish candle has been formed in D & W chart.
A trendline BO has been done above 2030 lvl.
TGT 2450
Sl 1932
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
Go Long with 60 MA supportSupreme Industries, good fundamentals stock from agriculture sector will perform this year as well..
Keep accumulating with below 60 MA as the exit price..
PENNANT FORMATION IN SUPREMEIND The stock is fornming the Peannant kind of countinuos pattern which will give breakout above 2010.1-2013, Stop can be placed below 1974.95 for the target of 2089.6.
Uptrend - On bottom of the channelObeying the trendline for quiet sometime .
Given a clear breakout .
Expecting a move towards 2200 level .
