Cleanscience
Clean Science Buy OpportunityAs per my analysis NSE:CLEAN has given a clear breakout above level of 1385.15. Now buyers will wait to take fresh entry at retest level of 1386 with stop loss of 1280 (-106 points risk). My expected upside target would be 1453 (+67), 1494 (+108) & 1546 (+160).
It may take 3-5 weeks to get final target.
Note: This is my personal analysis, only to learn stock market behavior. Thanks
Clean Science & Technology Ltd Trend AnalysisFundamentally sound, debt free but little overvalued.
In my opinion the higher degree corrective move is over now as per the wave counts highlighted (WXY).
Currently price is forming a higher high and higher low formation which confirms trend reversal.
RSI showing bullish divergence on daily TF and many other confluences you can observe in my chart.
The wave form is most likely to be an ABC wave with a target around 1980.
Good to buy at CMP for short term target of 1980 (50% ROI & 7:1 R:R)
Stop loss below 1225 (optional)
Do your own due diligence before taking any action.
Peace!!
Clean Science is a futuristic investment.Clean Science and Technology Limited is known as CSTL. Company is a fine and specialty chemical manufacturer. Specialty chemicals manufactured by them are diversified into 3 major segments i.e. performance chemicals, Pharmaceutical chemicals, and FMCG Chemical. CMP of the stock is 1444.
Negative aspects of the company is it’s high valuation (P.E. = 55.4). Positive aspects of the company are zero promoter pledge, no debt, improving annual net profit, improving quarterly net profit and MFs increasing their stake.
Entry in the stock can be taken after closing above 1461. Targets for will be 1494 and 1538. Closing above 1538 will open the doors for long term targets of 1581 and 1621. Stop loss in the stock can be kept at a closing below 1368.
CLEAN SCIENCE ON 100MA! MULTIBAGGER!!the two dark blue lines, shows the that the stock is on its IPO zonem, stock is at a very discount, it can all go up till 2200, with a very good swing trading. still can go further upside, in the long term. sales are good, quater results are also good. its a stock with good fundamentals, and a multibagger.
CLEAN SCIENCE & TECH - RETEST & REVERSALThe analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.