💪Strong Breakout Stock💪
These are swing ideas which you can add your watchlist and analysis for yourself !
Keep on your radar 📡
This content only education purpose!
❗I am not sebi ragister❗
Price is close to the upper trendline of the channel. This may act as an inflection level and there is a high probability for the price to reverse from these levels. So decided to book profit which was about 22.41% on the invested capital.
Moreover, the entire Indian Market is over valued at the moment and there is a possibility for the whole market to turn...
Stock has shown signs of weekness.
Currently trading close to long term support range.
IF it breaks below this range, it will trigger further selling.
Forming H&S
Time to be Cautious.
In the Weekly Chart of FLUOROCHEM ,
we can see that, after the breakout of Cup & Handle, it has retested.
I can see 3 possibilities in coming week as shown in chart.
NSE: FLUOROCHEM is closing with a bullish momentum candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on...
Chart is self explanatory.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
