Greenpanel view aboe 292
Descending channel support
Follow strict risk rward and stop loss if u follow the level
Charts for Educational purposes only
Thanks,
V Trade Point
Greenpanel is a leader in MDF industry with solid growth prospectives. Stock is about to give a breakout from falling trend line. Safe traders can buy above 405 on daily closing, but I am buying at CMP on Monday. 440/500/600 are review zones. I am not going to put a stop loss in this company, but technically a stop loss below 340 on weekly closing basis can be...
Diwali Pick!!
Hidden gem available at fair value with ROCE & ROE around 30%
Sales increased by 300% in 3.5 years
Net Profit increased by 820%
Borrowings reduced by 46%
Expecting the price to bounce from 315-330 levels
as it is the technical target of head & shoulder pattern
which is also in confluence with golden FIB level.
Good to accumulate at those levels...
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Disc - Am not a SEBI registered. Please do your own analyses before taking position. This post is only for educational purposes and not a trading recommendation.
Stock has closed near pivot.
Inside day candles on third contraction.
Ready to explode.
Another day or two drifting sideways will add more conviction to initiate the trade.
Publishing for my own reference, not an investment/trading advise.
Clean up trend, stock has been reacting well in this volatile market. Looks good above the horizontal line. Set up will be good if it rests around the break out before starting its up move.
