the stock broke out after 2 years of consolidation with good volume, and the weekly follow up shows the strength and moment in the stocks. good time to add to the watchlist.
Business area of the company
The company is a fully integrated enzyme manufacturing company driven by extensive focus on research and development (R&D) of various enzymes, enzyme blends, enzyme products and customized enzyme solutions. Its experienced and qualified R&D team strives to develop creative, cost-effective unique and innovative solutions, thereby...
This stock is looking bullish on higher time frame. All EMAS PCO and volume is high.
Monthly price is challenged upper bollinger band.
Monthly MACD PCO stat and above zero line
Monthly RSI is above 60
Weekly price is challenged upper bollinger band and ABC pattern is completed.
Weekly MACD is PCO and above zero line
Weekly RSI is above 60.
...
Stock name = Advanced Enzyme Technologies Limited.
DAILY 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....
Trendline Breakout on weekly timeframe and retest also done. RSI is also strong so can keep in watchlist for going long. As in weekly time frame timeframe should be for 3 to 6 months in the scripts. Keep Track
BUY ADVENZYMES PRICE @ 243.60 90% ROI EXPECTED
Buy Entry @ 243.60
Target @ 468.25
Stop loss@ 223.50
Risk Vs Reward: 1:11
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Price action along with volume indicate a potential Channel break out. #RelativeStrength is negative though.
Stop loss can be below 258
Sharing a technical view. Not a buy or sell recommendation. Please do study well before taking any decision.
A potential Cup with Handle pattern is in play here.
In this pattern, best time to enter is at the bottom of the handle if identified earlier for high reward to risk ratio trade.
Recent price action shows, price broke out of a symmetrical triangle and now consolidating above it as well as key support level (Green dashed line).
Accumulate at current price...
Advanced Enzyme - Perfect reversal from strong supp0rt near 300. & Possible tgt 390,500,700
-Advanced Enzyme Technologies Limited is engaged in the business of manufacturing and sales of enzymes.
-The company manufactures and markets over 400+ proprietary products developed from over 70 enzymes and probiotics
-Human Healthcare (75% of revenues)
-Animal Nutrition...
