Breakout retest done
Good Zone to Accumulate :- 1340-1360
Short term target :- 1550-1600
Long term target:- 2000
Short term stop:-1250
Long term stop :- 1100
Disclaimer :- Chart is only for educational purpose.
Cup and handle breakout at all time high is done now time to retest the breakout. buying on dips suggested
Good support or buying zone is in b/w 2250-2300.
Avoid below 1760.
Disclaimer: Chart is being prepared only for educational purpose.
1.) Stock has given breakout from 3 years of consolidation.
2.) Rising OBV shows buying interest in stock.
3.) Strong Volume supports bullish breakout.
Support at 215 (Below that avoid)
Target can be 300,360++
Time frame: 1-2 years
1.) Forming Inverse head& shoulder pattern (bullish)
2.) OBV is giving trend line breakout and now inching higher.
Support at 1300
Possible target 2000-2160
Time frame 1-2 year.
Only for educational purpose
1.) very close to give breakout from Rounding bottom Pattern.
2.) has given breakout from Inverse head and shoulder pattern
3.) Support near -370
4.) Target - 475-520-600
Only for learning purpose
1.) Trading at all time high with big volumes.
2.) Supported by Ascending triangle breakout.
3.) Support near 1800-1850
4.) Target -2300-2500
5.) Stop loss - 1600(daily closing)
Only for educational Purpose
Key points :-
1. Multi year bullish breakout & then retested.
2.) Head & shoulder pattern breakout
3.) Rsi making higher highs(Showing strength)
4.) target - 600 in short term, 750++in long run
5.) support 520-500
Ambika Cotton Mills is engaged in manufacturing and selling speciality cotton yarn catering to the needs of manufacturers of premium branded shirts and t-shirts. Exports constitute significant portion of the operations. The company operates with total installed spindle capacity of 108288 (Previous Year 108288 Spindles) of compact facility housed in four units and...