Carborundum Universal , a renowned conglomerate in the industrial sector, presents a compelling swing trade opportunity. Reasons are listed below : A bullish Marubozu candle on the weekly timeframe signals strong buying pressure and potential upward momentum. The stock is breaking out of a consolidation phase lasting over a year, indicating a significant...
Carborundum universal looks good. Decent breakout with retest completing
Breakout expectation in Carborundum Please follow strict risk reward and stop loss if you follow my levels... Charts for Educational purposes only Thanks, V Trade Point
Carborundum is a potential breakout candidate. Keep it on your radar!!
Supply dried up, near major resistance and close above previous pivot, all these factors makes this chart looks interesting. Entry :925, SL : 880, 1st target :1010
Above short term & Medium term Moving Averages Volume is High Targets are 680 and 766