Golden crossover done. Alcohol industry is booming.
Also Rsi breakout done . Volumes been up. Marked a tight stoploss and targets in the chart .
Follow for more.
Stock testing to breakout
Stock at major supply area
Volume addition in stock
Beautiful pattern breakout
Stock retest it's supply zone
No recommendation for buy and sell
A big Bearish marubozu candle on chart top with huge volume that means price more fall upcoming days.
But 20 DEMA react as a support
If the price break today day low means confirmation done for shorts side trade.
Macd is showing Bearishness.
Log position avoid as now
If hold then book profit.
Disclaimer This is my personal view for education purpose only
No Buy...
swing trade take trade when nifty turns bullish swing trade perfect symmetrical triangle short term opportunity for upside take trade after breakout from the trendline according to own risk this is not call just a analysis.
GM BREWERIES country liquor stock of India.
Currently on support levels. Company is fundamentally good, but facing challenges from many small unregistered country liquor producers.
Company is also planning in production on Ethanol for which GOI is going to give good incentives.
NSE:GMBREW
Price has tested 470-480 multiple times in the past 18 months and is currently in the consolidation phase / sideways Volume activity has been dry for few weeks which indicates either no interest in counter or silent accumulation. I am inclined towards silent accumulation as delivery percentage has been higher than average in the last week and significantly higher...
Inverted Head and shoulder pattern on weekly chart, can give good up-move in near weeks , can Initiate trade once the neckline is crossed for targets, 680 Plus
GM breweries has already broken the bullish range it has been in. MACD is also showing selling signals. It is looking to fill the runaway gap created at 417.
