SUPREME INDUSTRIES LTD - Inverse Head & Shoulder + Cup & Handle

By radha_23
Updated
πŸ“Š Script: SUPREMEIND (SUPREME INDUSTRIES LIMITED)
πŸ“Š Nifty50 Stock: NO
πŸ“Š Sectoral Index: NIFTY 500 / NIFTY MIDCAP
πŸ“Š Sector: Industrials Capital Goods
πŸ“Š Industry: Plastic Products - Industrial

Key highlights: πŸ’‘βš‘

πŸ“ˆ Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
πŸ“ˆ MACD is giving crossover.
πŸ“ˆ Double Moving Averages also giving crossover.
πŸ“ˆ Volume is increasing along with price which is volume breakout.
πŸ“ˆ Script is giving breakout of Inverse Head & Shoulder + Cup & Handle + trendline.
πŸ“ˆ Current RSI is around 68.
πŸ“ˆ One can go for Swing Trade.

⏱️ C.M.P πŸ“‘πŸ’°- 2263
🟒 Target πŸŽ―πŸ† - 2474
⚠️ Stoploss ☠️🚫 - 2131

⚠️ Important: Always maintain your Risk & Reward Ratio.

⚠️ Purely technical based pick.

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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.

Eat🍜 Sleep😴 TradingViewπŸ“ˆ RepeatπŸ”

Happy learning with trading. Cheers!πŸ₯‚
Trade active
Trade closed: target reached
On 25th Jan
Chart PatternscupandhandlepatternTechnical IndicatorsInverse Head and ShouldersSUPREMEINDTrend AnalysisTrend Line Break
radha_23

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