EMKAY Global Long term Analysis
NSE:EMKAY has given strong breakout of wide range consolidation and pullback in daily with strong bounce back candles.
Can Go long with initial SL of 179, Major targets are highlighted in Blue lines.
EMKAY trade ideas
Emkay Global is currently at a multi-year support Emkay Global is currently at a multi-year support and resistance level. This indicates that the current price is at a significant historical level where the price has shown previous behavior of reversal or consolidation.
The immediate resistance level is at 184. This is the next price point where selling pressure might be anticipated.
If the price closes above 184, there is a potential for it to reach a new all-time high (ATH). This is a bullish indicator suggesting strong upward momentum if the resistance at 184 is decisively broken.
The supertrend is green, which is a bullish signal indicating the current trend is upward.
The price is above the 9, 21, 55, and 200-day EMAs. This alignment is very bullish, showing strong short-term, mid-term, and long-term upward momentum.
The RSI is above 50, which indicates positive momentum and a bullish market sentiment. Typically, an RSI above 50 suggests that buying strength is greater than selling strength.
The RS is above 0, indicating that the stock is outperforming the market.
Waiting for a price reversal for entry.
Trading Plan Considerations:
Entry Point: might consider entering on a pullback near a support level or after a confirmed reversal pattern (like a bullish candlestick pattern) to ensure buying at a relatively lower risk point.
Setting a stop loss below the recent support level can help manage risk in case the trade does not go as planned.
First Target: Immediate resistance at 184.
Second Target: If it breaks and closes above 184, the next target would be monitoring for the new ATH.
Monitoring Indicators: Keep an eye on the RSI for any signs of overbought conditions and the supertrend for any potential trend reversals.
Volume Analysis: Consider monitoring the volume as well; a breakout above 184 with strong volume can give additional confirmation of a sustained move.
💥Emkay Global💥-Nice Breakout💥Emkay Global💥-Nice Breakout
Capital to be deployed- 20k
Investing Price-132-134
Breakout Price-129
Stoploss-93
Targets-198-245-371
RT for max reach
#emkayglobal #stockstowatch #StocksToBuy #StocksInFocus #stocks #StockMarket
Possible 10x MultibaggerEmkay is making some wonderful moves lately, I've been tracking the stock since covid....I strongly believe this a potential multibagger. My target is 1000 but you could also aim for around 450-500 if you don't have the patience. i have invested in this stock and will hold it till price action tells me otherwise...
Stock trending Stock give 120 level
100 is a sentimental resistance for every stock
Stock moving like to touch 120 level
No recommendation for buy and sell
Bullish on Emkay Fimancial services (Daily)
- on the verge of breakout
- Bullish Super trend
- Bollinger Squeeze breakout n retest
- SL - 108
- Target - 194
Emkay Global now at 118, 2x candidate - Consult your advisory 21st Sep 2021
Please consult with your financial advisor before making any investment...
This could turn DOUBLER from here on if HOLD patiently with proper risk management
equityforfuture
Emkay - Coming out of 2 year price rangeNBFC and BFSI are looking good now since the asset related issues from the Covid seems to have been addressed. Can enter here for targets of 110/150 for short term play. Today's breakout was accompanied with high delivery volume and trading volume.
The above is for educational purpose only and not a recommendation to buy/sell.
emkay global is Gem...Pure buy from here.queez inidcator and william MACD indicator(when turn green) both are about to favour Emkay global. Buy for short time and ripe great returns. EMKAY
EMKAY SHOWING BULL WILL BE IN MARKET SOON ONE CAN WAIT FOR BREAKOUT ...ENTRY AROUND 235 ( Target 80-100 points )
sl below 200 only thing needs to be noticed around breakout is macd crossover n volumes
price action showing bullish setup
