ZUARIIND - Weekly Chart Analysis, Cmp-235.95Coming out of base and sustaining above the down trend marks the end of the down trend.
Volumes have been coming in also indicate smart money footprint.
It is trading above all ot key moving averages.
276-320 levels are the immediate resistance/supply zone which can be tested.
184 level shall now act as a support now and weekly close and follow through would negate our view.
Over the long term 350 - 415 - 610 are the levels it can test once it close and sustains above 320.
Disclaimer: This is just a study and shared here for educational purpose. It is not a buy/sell recommendation in any way. If you intend to trade this counter then do your own due diligence and trade at your own risk.
ZUARIIND
#AVADHSUGAR #RAJSREESUG #UGARSUGAR #MAWANASUG #KCPSUGIND #NIFTY
#AVADHSUGAR
NSE:AVADHSUGAR
CMP: 544
TP: 684
SL: 494
TF: <6m
RR > 2.8 times
Return 25%
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations.
With 💚 from Rachit Sethia
#ZUARIIND #RENUKA #EIDPARRY #RAJSREESUG #KCPSUGIND #UGARSUG #ETH
#ZUARIIND
NSE:ZUARIIND
CMP: 150
TP: 190
SL: 134
TF: <6m
RR > 2.8 times
Return 28%
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations.
With 💚 from Rachit Sethia