NSE:GREENPANEL (CMP 593, first posted at 521 on 4 Feb --> ~13.8%): Greenpanel continues its journey towards ATH, with strong adherence to the channel. All the chopping of Feb and March did not affect this strong business and 50EMA acted as a good support throughout. Supertrend 10,3 is at 521, which is also the level when we first published our study.
It is...
NSE:GREENPANEL (CMP 497). Moving in channel and expected to touch 482 as channel bottom. A bounce from 480 levels crucial to maintain the movement in channel.
Greenpanel Industries ( NSE:GREENPANEL ) - Analysis done at 521, CMP 515.
Views (technical, fundamental)
• Very strong volume in Jan with 2MM (weekly average)
• LW avg volume > 1.5 times last month avg volume
• Daily RSI at 66 (CMP 515). Upward move can be sustained till 76-78
• Very strong support at 50 EMA
• Strong quarterly profit and sales growth
• Stable...
