Buy range 55-61 Huge rounding bottom + Triangle consolidation. Respecting 200 MA on weekly and just below 200 MA on daily. On Breakout, Targets can be 69-75-91-93-105 -Promoter holding more than 60% -low P/E (below industry average) -Low P/B value. SL - weekly closing below 50. *Trail your profits. This is just a view, trade on your own risk.
SUTLEJ TEXTILES has given a STRONG CLOSE at 88.15. Can move to 95.8 (WEEKLY RESISTANCE LINE) once CROSSES recent 52 WEEK HIGH of 92.5
Stock should cross Resistance of 89 Rs. Educational Purpose Not a Recommendation ---How do you find my technical analysis ?--- please share your views ~G
on daily timeframe the stock has formed a bullish engulfing candlestick chart pattern which indicates a upside move in the counter and hence based on the variouis chart patterns including MA / SMA /EMA a huge upside can be shown with great volumes the trading strategy is a swing trade... Buy @ 86-87 Sl - 71.5 TGT1 - 90 TGT2 - 96 TGT 3 - 101
Sutluj textile made a cup and handle pattern on weekly charts wait for the confirmation on the closing above 82. targets would be 100-120 SL below 69 This for the educational purpose only.. check out my previous study on Mirza and Canara bank which gave tremendous movement. Thank you
sl 60, tgt1 is 100, tgt 2 is 150. textile stock,rounding bottom pattern. views are for months to 1 year.
try to look for any retracements and try to make an entry based upon the RRR mentioned above
Swing trade opportunity in SUTLEJTEX. Volatility contraction visible on daily chart. SL below recent pivot area
View - Bullish (Considering technical analysis and recent Govt policies towards textile industries) Will wait Patiently till i get any sign of reversal For educational purpose only
Details are in chart.
Theme: Textiles Very good volumes coming up. Perfectly fitting in channel. Let me know your views. Disclaimer: Chart is shared only for educational purpose. Before investing please consult your financial advisor.
SUTLEJTEX - Very Good Volume - Closed Resistance - Above 64.3 Educational purpose only
One can take long position above supply zone 1 and can expect it move up to the supply zone 2. so here are the targets for short term 67,74,81. If the overall market sentiment is good sooner the targets will be achieved.
SUTLEJTEX trend analysis details see u my chart 1.
#Watchlist #SUTLEJTEX (Daily):-63.25 CMP, looks good for more upsides :) 1) Breakout Done :) 2) Volume Spurts #priceaction #SUTLEJTEX #TradingView
Positional Trade: Sutlej textiles breaks out of a resistance. CMP: 61.35 Target: Open Stop Loss: 58
Enter above 61 Target mentioned on the chart