GREENPANEL trade ideas
GREENPANEL ViewsThis script as disclosed in the chart drawing, is having a value area and now if it is held can have a target as shown.
Worth watching for study purpose.
Greenpanel Pulling back to stage 1 reisistance.if its hold the 321.95 level and showing some strength next day. its might be a tradable stock for upmove upto 400 in next month or so.
Descending channel in Greenpanel
Greenpanel view aboe 292
Descending channel support
Follow strict risk rward and stop loss if u follow the level
Charts for Educational purposes only
Thanks,
V Trade Point
Greenpanel industry - positional long ideaGreenpanel is a leader in MDF industry with solid growth prospectives. Stock is about to give a breakout from falling trend line. Safe traders can buy above 405 on daily closing, but I am buying at CMP on Monday. 440/500/600 are review zones. I am not going to put a stop loss in this company, but technically a stop loss below 340 on weekly closing basis can be placed.
Happy trading.
Greenpanel Industries Trend AnalysisDiwali Pick!!
Hidden gem available at fair value with ROCE & ROE around 30%
Sales increased by 300% in 3.5 years
Net Profit increased by 820%
Borrowings reduced by 46%
Expecting the price to bounce from 315-330 levels
as it is the technical target of head & shoulder pattern
which is also in confluence with golden FIB level.
Good to accumulate at those levels for the following targets:
Short term swing target @ 500 (51.5% ROI)
Medium term swing target @ 600 (81.8% ROI)
Long term positional target @ 915 (177.3% ROI)
Stop loss @ 275 (Optional)
Do your own due diligence before taking any action.
Peace!!
GREEN PANEL, A MULTI-BAGGER COMPANY!!MA says everything. green panel, has a good business theme, with a great fundamentals. (small cap company, good multibagger)
GREENPANEL - Ascending Triangle patternAll details are given on chart. If you like the analyses please do share it with your friends, like and follow me for more such interesting breakout charts.
Disc - Am not a SEBI registered. Please do your own analyses before taking position. This post is only for educational purposes and not a trading recommendation.
VCP patternStock has closed near pivot.
Inside day candles on third contraction.
Ready to explode.
Another day or two drifting sideways will add more conviction to initiate the trade.
Publishing for my own reference, not an investment/trading advise.
Greenpanel GREENPANEL - Script near breakout with increasing strength and MACD hook.
Go long with a SL of last swing low.
support and resistanceClean up trend, stock has been reacting well in this volatile market. Looks good above the horizontal line. Set up will be good if it rests around the break out before starting its up move.
