Soon Ready to break 2300 Levels
This analysis is purely based on price action. (This stock was analyzed previously on Monthly Time Frame, whose link is also provided here. Do check it. ) Analysis is done on Weekly Time Frame. Trade Strategy is given in image itself. Don't run after the price. *Trade at your own risk & money management. Always do your own study before entering into any...
Stock is coming at good buying level with good price structure.
This is about positional trade opportunity (monthly or weekly) in Supreme Industries (a leader in plastic products sector). As can be seen in monthly or weekly charts, 1476 level is acting as a multi-year resistance and the stock price has again come near that level. It has tested that level multiple times, hence chances of its breaking are high. If the stock...
AS YOU CAN SEE ON WEEKLY CHARTS, IT HAS CLOSED ABOVE ONE OF THE RESISTANCES OF 1410..... IF IT DOES SUSTAIN HERE, THEN IT CAN RIDE UPTO 1450 WITH STOP LOSS OF 1410. ********************************************************************************************************************************************** Hi all, Its pleasure to have you all here. I have...
Probability is a relatively less so i reduce my risk. Please do your own research before trading or investing.
Recovery after Head and Shoulder breakdown in Supreme Ind Above 973 the stock should make a high until 1025/1145.
Supremeind seems to be forming a Symmetrical Triangle Pattern consolidating post a move from 550-1500. As long as 50% Fib Retracement at 1000 holds..could possibly see an upside breakout in the short to medium term towards 1200 - 1350.
Downward Breakout- Invalid Symmetrical Triangle 1.There are not enough price crossings to fill the triangle, leaving white space predominating. 2.There are not enough price crossings of the triangle to suggest a reliable formation. Although prices touch both trend lines several times, there is too much white space filling the center of the formation. 3. Point E...
" Margin trading is NOT recommended. Do your own analysis before initiate trade." Buy Around 1095 Target 1150 Stop Loss 1100 Duration 5 Trading Days