Consider a promising swing trade opportunity in Anupam Rasayan India, a leading specialty chemicals manufacturer.
Reasons are listed below :
Target - 970 // 1080 // 1220
StopLoss - weekly close below 782
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
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Reasons are listed below :
- Strong Support Zone at 800-850: Anupam Rasayan India has a strong support zone established at 800-850, indicating significant buying interest and potential reversal points.
- Hammer Candle on Weekly Timeframe: The presence of a hammer candlestick pattern on the weekly timeframe suggests potential bullish reversal and buying interest at lower levels.
- 0.618 Fibonacci Support: Finding support at the 0.618 Fibonacci level strengthens the bullish case, providing a solid foundation for potential upward movement.
- Bullish Engulfing Candle on Daily Timeframe: A bullish engulfing candlestick pattern observed on the daily timeframe indicates strong buying momentum and potential upward movement.
- Strong Volumes: The significant increase in trading volumes reflects growing market interest and potential accumulation by investors, adding confirmation to the bullish thesis for Anupam Rasayan India.
Target - 970 // 1080 // 1220
StopLoss - weekly close below 782
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights