After multiyear consolidations finally price break the range with continuation Cup & Handle Pattern . After this breakout high probability price continue its up move
Greenply's recent bullish chart stands out, thanks to its robust long-term trendline originating from its inception. It has successfully broken through and paused at the descending trendline, on course to complete a triangle pattern at the peak. This creates an opportunity for a swing trade up to that level. Subsequently, a reassessment can be made for potential...
Greenply Industries Limited (GIL) is India's largest interior infrastructure company. It accounts for almost 36 percent of the organized plywood and 26 percent of the organized laminate market in India. The main products of the company are plywood and blackboards, doors, decorative veneers, PVC products and speciality plywood. Greenply Industries CMP is 169.50....
Greenply Ind
15min pattern suggest a small dip before the rise
Day pattern shows this has already happened a bit volatile, wait for pattern to create itself
Its very near to weekly horizontal trendline, looking for a B/O. The volume in last 2 weeks suggest massive buying in this range.
Keep an eye on breakout for the next target of around 228..
Note: Analysis for educational purpose not an investment advice..
Breakout done at daily chart.
Volume is very good in past few weeks.
Good Fundas.
Stop Loss: 102
Risk is little high(10%) so, it can be added on correction.
