19-10-2023 POSITIONAL TRADE SUTLEJ TEXTILES CMP 60 Buy 50% & Rest add on dips till 55 SL CLB 50 Targets 70-74-78 EXPOSURE: MAX 3 TO 5% OF YOUR TOTAL TRADING PORTFOLIO Dont miss to BOOST / LIKE the idea for more info - Plz visit my profile Regards, Naresh G SEBI Reg. RA
NSE:SUTLEJTEX cmp 71 ready for a big move The objective of this analysis is knowledge sharing and education. There isn't any buy or sell advise in this article. Every stock is held for a short to medium amount of time and is positional. It is expected of each person to carry out independent research and evaluation to ascertain whether my perspective is...
price slowly making higher high's and higher low's. At the lower end of channel, looks good candidate for a fundamental study and if any triggers found we can hold it from here at a comfortable valuation. Price seems to reversing and volumes seems to be picking up. Looks interesting can take up for further analysis. Just filtering ideas and making notes.
I daily make educational content videos for swing / positional trading
Good Break Out with Volume Expected T-1 -- 84 T-2 -- 101 If Close Above 120 Then No Sky Limit
A "Symmetrical Continuation Triangle (Bullish)" chart pattern formed on Sutlej Textiles and Industries Ltd ( NSE:SUTLEJTEX ). This bullish signal indicates that the stock price may rise from the close of 59.77 to the range of 69.00 - 72.00. The pattern formed over 36 days which is roughly the period of time in which the target price range may be achieved,...
If it breaks the resistance then it could be a good up move cuz it already break the trendline now sustaining at these levels.
Can be bullish in upcoming months. As it breaks the trendline and retesting at support levels. Simple price action :)
Sutlej textiles W Breajout on weekly charts go long add till 50 SL 44 on weekly closing basis
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