📊 Pattern: Flag Channel
📌 Symbol/Asset: Galaxy Surfactants
🔍 Description: If touches support it can bounce back and can give a big breakout.
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
In the Weekly Chart of GALAXYSURF ,
we can see that, it is at decision making.
we can see a Cup & Handle breakout or a Failure.
Lets see what direction the momentum goes.
Possible directions as per Price Action are shown in chart.
Missed entry. Will wait for retrace to 21 ema.
Black bar on top. Elliott oscillator Green.
Wedge with double bottom. Uptrend stock
Galaxy Surfactants has an operating revenue of Rs. 4,018.21 Cr. on a trailing 12-month basis.
An annual revenue growth of 32% is outstanding, Pre-tax margin of 9% is okay, ROE of 16% is good.
The company has a reasonable debt to...
Good volume seen
broken downward channel and took support on it
following trendline upside now
took support at 200 EMA
BUY NEAR 2872
SL 2778
TGT 3000 - 3127 - 3300 - 3476
Please Correlate by yourself also on charts. This is for Educational and Paper Trading Purpose Only. Must Consult your financial advisor before Investing.
Galaxy is a top company producing diverse range of products, and the largest manufacturer of oleo chemical based surfactants and speciality products with top MNC's as clients -P&G, Unilever, Colgate palmolive, Himalaya, Reckitt Benckiser, L'Oreal etc..with a 100% + growth in last one year itself..targets marked. let's see. This is not a recommendation, just an...
GALAXYSURF is making cup with handle and breakout is on card. All levels on the charts. For defensive investor please wait for the breakout confirmation.
Our view is neutral for the scrip as it seems in no trade zone on the chart with consistent on quarterly numbers but stock doubling up on same numbers. The movement is expected to be range bound as mentioned above
Galaxysurf seems to be forming an Inverse Head and Shoulders Pattern with neckline at 1270 and shoulder support at 1150. A breakout above 1270 could open targets towards 1400-1550. Negated below 1150
#GALAXYSURF
Analysis
Daily Candle
1.Its above both 200 DMA and 150 DMA from last 45 Days..
2.Its not above both 50 DMA and 20 DMA.
Weekly Candle
1. It has broke downtrend with high volume. Angle almost 45 degree
2. It has been up trending with avg volume. Angle almost near to 45 degree.
Plan
1. Buy in the range 1230-1240 level with half position
2. SL...
