Stock name = India Glycols Limited.
Weekly chart setup
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling recommendations. I am not SEBI...
💥India Glycols💥-Nice Breakout
Capital to be deployed- 20k
Investing Price-930-940
Breakout Price-927
Stoploss-741
Targets-1203-1305-1481
RT for max reach
#indiaglycols #stockstowatch #StocksToBuy #StocksInFocus #stocks #StockMarket
The stock broke out from the Cup & handle base with huge volume and the volume dried up in the left half of the cup and increase in buying volume on the right half of the cup shows strength in the stock and the same is also noticed in the handle formation showing there is no significant selling, which is a good sign for the next rally. The stock is fundamentally...
Waiting for retest of Resistance turned Support, Waiting for retest of Resistance turned Support, Waiting for retest of Resistance turned Support, Waiting for retest of Resistance turned Support, Waiting for retest of Resistance turned Support, Waiting for retest of Resistance turned Support, Waiting for retest of Resistance turned Support, Waiting for retest of...
The correction to the impulse wave up(April 2023) completed in the stock with a zig zag and achieving 61.8% retracement of the wave up.
Wave 3 seems to have now started and the projected target zone would be around 910-920 zone.
Sl-659
CMP 700
Target - 915
Note*- This post is for educational purpose only
India Glycol was falling from its high because a fund house started selling, that selling has been observed and now stocks has started its upward journey,
Stock has given closing above 200 wema and given trendline breakout.
Volumes also shown building up and stock can chase its 52 wk high and then ath.
Company has also announced capex which is a good sign for...
📊 Script: INDIAGLYCO (INDIA GLYCOLS LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY 500
📊 Sector: Chemicals
📊 Industry: Chemicals & Petrochemicals
Key highlights: 💡⚡
📈 There is crossover in MACD as well as in double moving averages and stock is trading towards upper band of BB last but not least RSI is around 62.
📈 One can take swing trade after stock...
📊 Script: INDIAGLYCO (INDIA GLYCOLS LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY 500
📊 Sector: Chemicals
📊 Industry: Chemicals & Petrochemicals
Key highlights: 💡⚡
📈 There is crossover in MACD as well as in double moving averages and stock is trading towards upper band of BB last but not least RSI is around 62.
📈 One can take swing trade after stock...
