Breakout from multi peak area Volume impressive Technical call Stop 92 Target 100..105
Looks good to give a BO. Wait for weekly closure and more volumes
Sadhana nitrochem have breaken out of long weekly channel. Minimum targe ot 40 - 45. If sustains and creates base around this, it can travel to 60 - 70 range.
Sadhana is likely o consolidate till 26h March in the worst case and move up there after, if it does not break descending 1/1 resistance, on its its way up, on closing basis, till that date.
#SADHNANIQ BSE listed CMP 722 lONG SUGGESTED ABOVE 760 Stop 670 Target Open Logic Technicals Stock in a strong uptrend with all key MAs sloping upwards. VCP observed in daily charts. Fundamentals Strong exponential growth in eps in the last 4 quarters Qn-4 Qn-3 Qn-2 Qn-1 Sales ...
Unless the channel is broken, it will find support at around 500. Closure above 580 is important
The next 1/8 resistance is far away at 900+.
In this run up a level of 650 can be seen, support at 520.
An intermediate resistance is seen at 595
Closing at 423.5 is important for being out of influence of Gann Fan formed with base on 03.01.2018. Further bullishness is seen in the counter.