Throw back entry strategy for minimum target of 941 Best to ride to trend till confirmation of mean reversion.
CARBORUNIV trade ideas
CARBORUNIVNSE:CARBORUNIV
please note that we are not a SEBI Registered Investor Adviser/PMS/ Broking House.
All the contents over here are for educational purposes only and are not investment advice or recommendations
offered to any person(s) with respect to the purchase or sale of the stocks / futures and options.
You are also requested to apply your prudence and consult your advisers in case you choose to act on
any such content available as WE claims no responsibilities for any of your actions or any outcome of
such action
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CARBORUNDUM UNIVERSAL | BULLISH RECTANGLE Carborundum Universal - CARBORUNIV (NSE) has been following a Bullish Rectangle pattern since September. A long candle breaking the rectangle upwards can be a considered as a strong Buy option.
CARBORUNIV -Near breakeven pointSupply dried up, near major resistance and close above previous pivot, all these factors makes this chart looks interesting. Entry :925, SL : 880, 1st target :1010
A Bull can push CARBORUNIV in the early 2 hourThere is a Beautiful Formation of two Bullish Reversal Patterns, named Bullish Harami & Hammer, being witnessed on the short term chart of CARBORUNDUM UNIVERSAL, which indicates a positive momentum in the stock. Moreover, with favourable Exponential Moving Averages, RSI and Supertrend, the stock can go up to the levels of 973.75 and 983.30 where it might face a minor resistance. Furthermore, the level of 951.75 will work as a level of support for the stock. Yesterday's Closing price was 963.95; Dated : 26.11.21
Short term trade- CARBORUNIVStock: Carboruniv
Entry: 990 if there is no pull back
Analysis: A good breakout with wide range bullish candle. Volumes are verygood. Having said that, If Broder market pulls back chances are that it can test the break out zone or go furthure to previous swing low.
Swing low and ideal entry are marked on the chart. and expected price action on the both the sides are marked for better understandng.
CARBORUNIVNSE:CARBORUNIV
Please note that we are not a SEBI Registered Investor Adviser/PMS/ Broking House.
All the contents over here are for educational purposes only and are not investment advice or recommendations
offered to any person(s) with respect to the purchase or sale of the stocks / futures and options.
You are also requested to apply your prudence and consult your advisers in case you choose to act on
any such content available as WE claims no responsibilities for any of your actions or any outcome of
such action
#CARBORUNIV CARBORUNIV #trading #candlesticks #invest #money #it#CARBORUNIV
NSE:CARBORUNIV
Carborundum Universal Ltd.
NSE:CARBORUNIV
NSE:CARBORUNIV
CMP: 910.70
Target: >1200
Time Frame: < 3 months
SL: 807
RR Ratio: > 3
INVEST & HOLD
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
Carborandum Universal Ltd - 01.11.2021Carborandum Universal Ltd
The stock is trading 834 levels.
The prices are below Ema in hourly chart.
Doji in daily, macd bullish divergence in daily chart.
Let the prices above dominate high (870)
Watch out for the price action
CARBORUNDUM - Triangle BreakoutBuy above 672.3
Target 700 being height of triangle
Triangle breakout coupled with volume
Good candle on breakout
See formation then decision If sustain above upper trade line then buy and use it as stop loss and if reject from upper trade line then sell
LONG - CARBORUNDUM UNIVERSAL LTD Buy @ 592 - 1st Lot
AVWAP: 568
SL: 560
Early Exit: RS crossing below 50 EMA
AVWAP: 568
Supply zone: 614 to 625
Value Area
- Previous candle pattern bullish engulfing
- Price bounce bounced from Demand Zone, forming successive Pin Bar
- Reversal of RSI - Crossin 50 from below
- RS support @ 50 EMA
Triggers
- RS forming higher high, violating downward sloping trendline
- RS line crossing 50 EMA from below
- Pin Bar with enhanced volume
- RSI > 9 EMA @ VA
- Confluence of Price & RS
- Accumulation: Last 4 weeks, delivery volume in the uptrend
2nd lot confirmation
- Closing > 825
- Follow-through with higher enhanced volume.
- 21 days RS Breakout
CARBROUNDUM EQUITY levels ...21/06/2021 (D candle)😊CARBROUNDUM EQUITY levels ...21/06/2021 (D candle)
Bullish on Carborundum UniversalAbove short term & Medium term Moving Averages
Volume is High
Targets are 680 and 766
Carborundum - Mein Bhi Ready hoon for ATHCarborundum - Was on radar for almost 1.5 month, waiting for it to cross ATH to enter. Now with Monthly RSI peeping out of 60, will enter with a small SL of 387.
DISC: Not a SEBI Registered. I post charts for my own study.
Carborundum Univer - Pattern breakout can give strong upmoveCarborundum Univer a quality midcap company trading at fair valuation with decent volume in 4 days peiod. Ascending triangle chart pattern seen in this counter is strong and breakout can give atleast 30-35 pts.
1060. diver play for swing trade1.low debt company and fundamental strong
2. promoter share is 42% and FII is 21%; general public is only 17%.
3. strong existence
4. high % delivery
5. Swing for 2 to 4 weeks
still needs SL to protect our capital (4% SL)
CARBORUNDUM TO FALL FURTHER- TARGET 180 TO 200IF U BUY AT THAT ZONE - THEN KEEP STOP LOSS AT 140, BELOW WHICH THE STOCK IS OF NOT MUCH VALUE AS IT WOULD HAVE BROKEN STRUCTURE.
CARBORUNDUM IS A FALLING KNIFE - BETTER EXITif you are in a buy better exit and buy lower. potential buy zone is at 180 - 200. 140 stop loss. upside potential to 330.
