India glycols India glycols in bullish pattern, can keep eye fr a positional hold. Potential to give a new high!
INDIAGLYCO trade ideas
INDIAGLYCOLS INSIGHT
1. Trend and Moving Averages:
- Short-Term Trend: The 9-day SMA is currently above the 21-day SMA, indicating a strong short-term uptrend. This alignment shows that the stock has been gaining momentum in the recent past.
- Price Position : The stock price is trading above both the 9-day and 21-day SMAs, which confirms the ongoing bullish momentum. These SMAs could act as dynamic support levels.
2. Price Action:
- Consolidation: After a strong rally, the stock has entered a consolidation phase near its recent highs. This is a healthy sign after a significant upward move, as it suggests the stock might be gathering strength for the next leg up.
- Resistance Level: The stock is facing resistance around ₹1,401, as shown by multiple attempts to break through this level without success. A breakout above this level, especially with strong volume, could signal a continuation of the uptrend.
3. Support and Resistance:
- Support Levels : The 9-day SMA (currently below the price) and the 21-day SMA are crucial support levels. If the price pulls back, these moving averages could provide buying opportunities.
- Key Support Area : The previous resistance around ₹965, which has now turned into support, remains a critical level. If the stock drops below the SMAs, this area could act as a strong support.
4. Volume Analysis :
- Volume During Breakouts: There were significant spikes in volume during the breakout from the base around ₹965. This indicates strong buying interest and institutional participation.
- Current Volume : During the recent consolidation phase, the volume has decreased, which is typical. However, for the next move (either a breakout or breakdown), watch the volume closely. A breakout with high volume would be more convincing.
5. Potential Scenarios :
- Bullish Scenario : If the stock price remains above the 9-day SMA and eventually breaks out above the resistance at ₹1,401 with strong volume, it could continue its uptrend. This would be a signal to consider entering or adding to a long position.
- Bearish Scenario : If the stock price falls below the 21-day SMA, it could indicate a deeper correction or consolidation phase. In this case, the next support to watch would be around ₹965.
6. Strategy Consideration:
- Entry Point: A potential entry could be considered on a breakout above ₹1,401, ideally with an increase in volume to confirm the move.
- Stop-Loss : A prudent stop-loss could be set just below the 21-day SMA or the previous support around ₹965, depending on your risk tolerance.
Final Thoughts:
- The stock is in a strong uptrend with healthy consolidation near recent highs. The 9-day and 21-day SMAs are in a bullish alignment, and the stock's ability to stay above these moving averages will be key to determining the next move. Watch for a breakout above ₹1,401 with strong volume for a potential continuation of the uptrend.
INDIAGLYCO - Bullish oNStock name - India Glycols Limited.
✅#INDIAGLYCO
✅Next resistance is 1554
✅Moved 44% in 34 Weeks.
Weekly chart setup
Chart is self explanatory everything.
Master score - B
Disclaimer : This is for demonstration and education purpose only. This is not buying or selling recommendations. I'm not SEBI registered.
india glycolIndia Glycols Limited (IGL) is a leading company that manufactures green technology based bulk, sp ecialty and performance chemicals and natural gums, spirits, industrial gases, sugar and nutraceuticals.
The company was established as a single mono-ethylene glycol plant in 1983. Since then, the company has brought together cutting-edge technology, innovation and an unflagging commitment to quality, to manufacture a wide range of products that have found global demand.
Its state-of-the-art, integrated facilities manufacture chemicals including glycols, ethoxylates, glycol ethers and acetates, and various performance chemicals. Its product range spans the chemicals, spirits, herbal and other phytochemical extracts and guar gum, industrial gases and realty sectors, and finds application across an increasing number of industries.
These products are manufactured in compliance with stringent global standards of plant operations, quality and safety. The company’s facilities have been approved and certified by international agencies including Det Norske Veritas (DNV). The operations at all plants are closely monitored through distributed control systems (DCS), which facilitate a high degree of control over the quality of products.
The company’s flagship chemicals division started out with a path-breaking green approach to manufacturing ethylene oxide and derivatives. Using the molasses-ethyl alcohol-ethylene 'green route', the company is the only one of its kind in the world. With the emphasis now increasingly shifting to green manufacturing, the chemical division is well poised to meet the industry’s need for environmentally responsible products and production techniques.
Keeping in mind the critical dependence on agricultural feedstock, the company has taken up several initiatives including backward integration into sugar manufacturing to ensure seamless raw material availability. Other complementary initiatives include co-opting the cane growing community to ensure cane availability while providing adequate returns to the farmer.
Apart from chemicals, the company has a significant presence in the natural active pharmaceuticals and nutraceuticals space with Ennature Biopharma; a well-established natural gum division manufacturing guar gum and a variety of derivatives; a spirits division that manufactures country and Indian-made foreign liquor adhering to the highest quality standards; and Shakumbari Sugar - a well-established player in the Indian sugar industry.
Further, the company has traditionally looked to leverage the export potential of its products. The company has therefore initiated the process of aligning to emerging global trends and has established facilities and operations that are in compliance with global good manufacturing practices.
INDIA GLYCOL S/R for 2/7/24Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support.
Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline.
Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities.
Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement.
20 EMA: The yellow line denotes 20 EMA, to interpret the 20 EMA, you need to compare it with the prevailing stock price. If the stock price is below the 20 EMA, it signals a possible downtrend. But if the stock price is above the 20 EMA, it signals a possible uptrend.
Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
Dhamaka in SWING Trade India GlycolDhamaka in SWING Trade India Glycol
Master Score 64
EPS Rating 77
Price Strength 62
Acc/Dis Rating A+
Group Rank 137 of 197
EPS Growth Rate N/A
Earnings Stability 69
P/E Ratio 19
5-Year P/E Range 5-39
Return on Equity 6%
Cash Flow (INR) 105.26
Great RR in 1-6We have seen Break out now stock taking Reversal we can see this stock 1062 new few Trading days great RR 1-6 must in your watch list
IndiaglycoStock name = India Glycols Limited.
Weekly chart setup
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling recommendations. I am not SEBI registered. please consult your financial advisor before taking any trade.
💥India Glycols💥-Nice Breakout💥India Glycols💥-Nice Breakout
Capital to be deployed- 20k
Investing Price-930-940
Breakout Price-927
Stoploss-741
Targets-1203-1305-1481
RT for max reach
#indiaglycols #stockstowatch #StocksToBuy #StocksInFocus #stocks #StockMarket
Cup and Handle BreakoutThe stock broke out from the Cup & handle base with huge volume and the volume dried up in the left half of the cup and increase in buying volume on the right half of the cup shows strength in the stock and the same is also noticed in the handle formation showing there is no significant selling, which is a good sign for the next rally. The stock is fundamentally good as well.
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Wave 3 begins in INDIA GLYCOL The correction to the impulse wave up(April 2023) completed in the stock with a zig zag and achieving 61.8% retracement of the wave up.
Wave 3 seems to have now started and the projected target zone would be around 910-920 zone.
Sl-659
CMP 700
Target - 915
Note*- This post is for educational purpose only
INDIAGLYCOLS, Round bottom completion, trendline breakoutIndia Glycol was falling from its high because a fund house started selling, that selling has been observed and now stocks has started its upward journey,
Stock has given closing above 200 wema and given trendline breakout.
Volumes also shown building up and stock can chase its 52 wk high and then ath.
Company has also announced capex which is a good sign for the company.
Stock has also announced 7.5 rs dividend.
INDIA GLYCOLS - keep an eye for symmetrical triangle breakout 📊 Script: INDIAGLYCO (INDIA GLYCOLS LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY 500
📊 Sector: Chemicals
📊 Industry: Chemicals & Petrochemicals
Key highlights: 💡⚡
📈 There is crossover in MACD as well as in double moving averages and stock is trading towards upper band of BB last but not least RSI is around 62.
📈 One can take swing trade after stock give breakout of symmetrical triangle.
⚠️ Keep an eye on INDIAGLYCO.
⚠️ It is near at its resistance zone which is around 915.
⚠️ Script is going to give symmetrical triangle breakout.
⏱️ BUY ABOVE AROUND 915
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
INDIA GLYCOLS - keep an eye for symmetrical triangle breakout📊 Script: INDIAGLYCO (INDIA GLYCOLS LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY 500
📊 Sector: Chemicals
📊 Industry: Chemicals & Petrochemicals
Key highlights: 💡⚡
📈 There is crossover in MACD as well as in double moving averages and stock is trading towards upper band of BB last but not least RSI is around 62.
📈 One can take swing trade after stock give breakout of symmetrical triangle.
⚠️ Keep an eye on INDIAGLYCO.
⚠️ It is near at its resistance zone which is around 915.
⚠️ Script is going to give symmetrical triangle breakout.
⏱️ BUY ABOVE AROUND 915
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
Indiaglyco - Retested and breakout confirmed Chart is self explanatory.
Don't invest and trade blindly.
INDIA GLYCOLI see a flat correction happening in the said stock. very good trade setup. happy trading.
INDIA GLYCOLS INDIA GLYCOL - Fresh ATH breakout.
One can go long with a strict SL of 1020
Targets - 1180 & 1200+
INDIAGLYCO NSE BULLISHVIEW ABOVE 990 CMP 1030INDIAGLYCO NSE is bullish if 990 holds. New 52 weeks high. Positive Trend. Fresh breakout.
**** Educational purpose only. Not Buy/Sell Recommendation.
IndiaGlycoIndia Glycol is in retracement and with harmonic pattern shows deep PRZ. This can be accumulated as this can really good retest stock
