Elgi Rubber 1- Breakout of Resistance 2- Huge Weekly Volume Spurt 3- Uptrend is Strong 4- Look to add on retest
1) Monthly at the verge of moving into uptrend. 2) Weekly has broken out of the 2 year old major consolidation phase after an uptrend. This has happened in May and then still consolidated for 3 months, and the last week has broken out of all the major consolidation zones. Due the longer consolidation period, the breakout would be strong enough. Has the...
Elgi Rubber Company-Nice Breakout Capital to be deployed- 20k Investing Price -49-50 Breakout Price -49 Stoploss -37 Targets -81 RT for max reach #elgirubber #StocksInFocus #StocksToBuy #stockstowatch #StocksToTrade
ELGIRUBCO NSE is bullish if 46 holds CMP 48.25. New 52 Week High. Fresh Breakout. Positive Trend. **** Educational purpose only. Not Buy/sell recommendation.
Buy Elgi Rubber above 41.5 with stop loss is 34 then target is 50-65 duration is 5-6 months.
Buy Entry: @27 Target: 43 Stoploss: 22 DISCLAIMER: THIS IS ONLY FOR SPECULATION AND NOT AN INVESTMENT ADVICE OR ANY RECOMMDATION. KINDLY TAKE OWN DECISIONS FOR TAKING RISK IN FINANCIAL MARKETS AND TRADE AT YOUR SOLE DISCRETION. #elgirubber #srs #elgirubbersrs #stocktraderchannel #srsenrique