HARRMALAYAHARRMALAYA
daily timeframe
i just shared my experience it is not an invite or recommendation to trade.
if youn any doubt means Please leave comments for any query.
best wishes
DYSON
HARRMALAYA trade ideas
50 SMA Rising - Swing TradingDisclaimer: I am not a Sebi registered adviser.
This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser.
50 SMA Rising strategy. Suitable for Swing Trading Initial Stop loss lowest of last 2 candles and keep trailing with 50 days SMA if price close below 50 SMA then Exit or be in the trade for 2 to 4 weeks.
Initial Target 1:3 - 284. Do not Forget to Exit if Stop loss Hit.
Be Discipline because discipline is the Key to Success in the STOCK Market.
HarrmalayaStock name = Harrisons Malayalam 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.
Harrison Malayalam - small risk high reward# Buyers visible around 61.8% retracement level with a fairly large wick on the 21st feb weekly candle.
# The following wwwek confirms the presence of buyers with an inverted hammer formation which is also an inside candle.
# 7th March candle is a fully body weekly candle with almost 9% upmove covering the sellers of the inverted hammer candle.
# A W pattern formation on daily chart is also visible.
# Friday buying on 2 months high volume of 91k with full body candle. (Friday Strength)
# Fundamental taildwind in the company in the form of global commodity inflation.
# Stock seems to be in multi year uptrend which is visible on weekly chart and validated by fundamental tailwind
# Entry above 147.5 with Stop loss @ 129. 1st target 200, 2nd target 250.
MULTIBAGGER .HARRISONS MALAYALAM. 400+Technicals & Chart
✓Standing at Multi year breakout levels.
✓Avg volumes rising since 2018.
✓Monthly trendline breakout done.
✓If sustains over 120 levels for next 2 months, target of 400+ cant be ruled out in any case.
✓Trading over historical demand & supply zones.
Financials.
✓Increasing ROE & ROCE
✓Increasing Margins
✓Profit margins growing
✓Promoters buying increased
✓Into Tea, Shipping, Rubber,Engineering services and aiming at modernization at fast pace.
✓Increasing Capital WIP shows much more core operation assets to be installed which will improve its operations.
