SUPREMEIND trade ideas
SUPREMEIND can give clear BO above resistance for 1800/1850/1900NSE:SUPREMEIND Dont enter if it gaps up too much.. Wait for the levels... Safe players can enter the trade on retracement with strict SL.....
Note:
1. Views are personal. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline not the big target...
3. Learn before executing the trade..
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Extremely bullishMay however give another opportunity once it reaches around 1675 level. Support around 1500-1525
SUPREME INDUSTRIES LONGBUY SUPREME INDUSTRIES BETWEEN 1420 TO 1440 STOP LOSS 1380 TARGETS WILL BE 1590
Multiyear All Time High Price Breakout in Supreme IndustryMultiyear Blue Sky Zone Breakout in Supreme Industry from Midcap sector. The company has moderate volatility with Beta = 1.23 times the NIFTY. The company has good and consistent fundamental results from the last five to six years with revenue growth of around 6 %. In the last five years company has increase his market share from 23.4 % to 31 %. The stock has provide strong Triple rounding bottom pattern breakout. Stock has attempted to break all time high price in year 2018 after touches this high peak in July, 2017 and stock again attempted to break in Feb., 2020. My First Trade Target is Rs 1540 and second target at Rs 1640 with a stop loss Rs 1240. The stock is consolidated at breakout point from last month which gives high momentum breakout in near future. Stock holding horizon from 3 months to one year.
SUPREMEINDUptrend is clearly intact in SUPREMEIND.
We see some Long unwinding at higher levels.
But the candles clearly indicate that the selling pressure is weak.
Also, we see lot of Low rejection candles around 1,400 levels.
This indicates buying support for the stock at this level.
Also, now the stocks is nicely resting on a neat trend line.
All these indicate that the stock is still bullish.
It is possible for Supremeind to to go up till 1,500 / 1,550 levels in short term.
Supreme Ind- Multi Year BreakoutThis stock has tested this high thrice already before and as mentioned Chart is of WEEKLY timeframe. Since Jan 2018 this stock is testing this level and returning back but as concept of resistance tells us that once a level is being tested again and again it starts becoming weak combining it with its halt near breakout gives this stock a better scenario and probability of success also increases. So sooner or later once this will break and close above 1430 it should be ready for a good move.
Keep an eye folks.Happy Trading.
Disclaimer : Please trade with your own risk and trade with caution.
SUPREMEIND FLAGSUPREMEIND
Delivery CMP 1350 and in Dips till 1320 Sl 1279 Trg 1500 1550
For Educational Purposes Only .
Supreme industriesSupreme closed above the trend line with strong volume. Look at history. I am bullish on this stock.
Disclaimer:Educational purpose
SUPREME INDUSTRY,very cute company,simply goes on.Buy if it cross 1311 level ,for target 1400.than 1450
You can take it as a portfolio stock on this level also.
One Right Trade's Swing Trade Idea #53 : Buy on SUPREMEINDPlease do like and share the idea in case you find it good and follow it for further updates on it. for benefit of everyone. Also, please comment if you have any feedback. This idea by onerighttrade team is only for study purpose and is not a trading call.
Supreme Ind : Playing 3rd of 3rd could be a Dream of any trader Looking hot here. Impulse from here could be sub wave 3 of wave 3 which could be very fast and furious.
