Navinfluorine is bouncing back from Horizontal Support and 200 EMA (Hourly).RSI bouncing up from oversold zone. Above 3240, can touch 3340/3450. SL - 3150!
Navinflour broke its resistance of 2846 with an average volume.
Good to enter now
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All the key levels are mentioned in chart
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Hello Traders, Now this is the time when we can think to create a long potion because it has given the fresh H&S breakout and it has consolidated in a range of 2490-2600, now it is just above the range and 20 DEMA, so lets see what happens! have a good luck!!
Navin Flourine closed strongly at support despite weakness in Nifty...
If it comes to 2033 good to enter or else we have to enter at whatever the price tomorrow is... cmp 2045 SL 1986...
60 points SL is little high but reward will be more as it can breakout 2200 and move to 2300 1:3 risk reward lets see...
NAVIN FLUORINE broke 50 EMA just once after getting in uptrend during covid that too for a brief period of time. I am thinking a shake off might happen and it could give a chance for entry at these levels. SL as per risk appetite.
TGT 2200, 2700, 3200
The price action is indicating an ascending triangle - a bullish pattern. This means that a breakout of ₹2,200 can result in a sharp rally. Also, the area between ₹2,085 and ₹2,100 looks like a considerable support region. Going forward, the stock will most likely breach ₹2,200 and go on for a pretty good run.
After making new high NAVINFLUOR is now consolidating, can buy above the UPPER TL for further upmove with support of 2034
Appreciate if you like the idea
This setup is to predict next movement. If retracement, then it will bounce off the closest trend line. If it breaks that line its likely to fall down to 1747,1648 as support levels. SL may be kept here.
