Price re-testing breakout levels. Good for swing and short-term. Sector not participated in bull run expecting turn around in pesticide stocks in very short term
INSECTICID 499 TGT 646 SL 450 Return 30% RR > 3 TF < 6M Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk...
In the Weekly Chart of INSECTICID , we can see that, upward momentum is started and retesting is also done.
Insecticide India CMP 994 SL 963 WCB Trgt 1400, 1500
Buy above Rs. 867weekly closing (Closing done) Stop Loss Rs. 735 (weekly closing ) Target Rs. 1110 Holding Period 3 Months to 9 Months
Observations mentioned on the chart. Weekly inside bars and tight consolidation. Publishing for my own reference. Not an investment/trading advise. Markets in downtrend, took a small position.
it has crossed its resistance level of 556. we may see 700/750 in few months. view negated below 500
Hi Everyone, Here is an interesting update on insecticides India Limited, As you can see the technical side of the Chart is looking very strong. Please see below key points noted on the chart: 1. It formed 2 patterns, the first one Flag and the second one is Pennant 2. There was a huge volume and accumulation for both the Flag and Pennat formations 3. Post the...