Shreyaind- 320 Simple SG Patience fundaShreyaind- 320 Simple SG Patience funda
1) Positive EMA
2) W pattern formation ( Not typical W though) near support zone
3) Lets see.
SHREYANIND trade ideas
SHREYANIND: Trendline Breakout Signals Bullish Momentum!
Overview:
The daily chart for Shreyans Industries Ltd. (SHREYANIND) highlights key price action levels, corrective wave patterns (b, (B), (C) ), and a breakout above trendline resistance. A bullish setup is forming with promising targets ahead! 📈
Key Levels and Zones:
Wave Analysis:
Corrective wave pattern identified as b, (B), and (C) .
Price is currently progressing within Wave (C) , signaling potential upward movement. 📈
Golden Retracement Zone:
Trading within the critical support zone: ₹228–₹270 .
This zone acts as a foundation for the next significant move. 🟢
Trendline Resistance and Breakout:
Price has broken out of a key trendline resistance drawn from the peak of Wave (A) .
Currently retesting the trendline, now acting as support—a classic bullish indicator. 📈
Targets and Stop Loss:
First Target: ₹316 🎯
Second Target: ₹361 🎯
Stop Loss: ₹215.87 (Day Close) 🛑
Volume Analysis:
Increased volume during breakout confirms strong buying interest. 📊
📈 Trading Plan:
Entry:
Enter a long position near the retested trendline resistance, now acting as support, within the ₹228–₹270 zone.
Targets:
First Target: ₹316 🎯
Second Target: ₹361 🎯
Stop Loss:
Place a stop loss at ₹215.87 to limit downside risk. 🛑
Short-term Trading Opportunity:
The breakout and retest of the trendline resistance provide a solid setup for short-term swing trades or FN strategies. The bullish sentiment supports higher targets.
Conclusion:
This trading plan combines Elliott Wave analysis, trendline breakouts, and volume insights to offer actionable opportunities. Monitor the Golden Retracement Zone and trendline for confirmation of continued strength.
Disclaimer: This analysis is for educational purposes only. Perform your own research or consult a financial advisor before trading.
SHREYANS INDUSTRIE S/RSupport 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.
An ascending triangle An ascending triangle with good volumes seen on daily chart short term looks positive
Target 300, Duration 3 to 4 months.good earning so fundamental good, volume also break out, Mov. Avg. Breakout Happened and its counites, so Technical also good . Target 300 will reach soon..........
Long Setup in Shreyans IndustriesThe paper sector should turn around with raw material price falling. The Shreyans Ind chart looks good, with first target of 150. Stop loss of 87.
Disclaimer: The stock/index/currency discussed do not constitute Investment/trading advise and is merely an effort towards enhancing learning, knowledge and book keeping. Kindly do your own due diligence and/or consult investment advisor before making any investment/trading decisions
Triangle breakoutpattern breakout with volumes. Retest also done
we can see following targets in a months time
Entry 132
T1 152
T2 160
SL 120
PAPER IN FOCUSTHE BREAKOUT OF AN ASCENDING TRIANGLE FROM 110 LEVELS CAN LEAD THE STOCK UPTO 170 LEVELS.
#ShreyansIndA very rare setup.
About to touch its lower trendline that has been intact for more than 10 years. A very high probability of a sharp upmove.
Entry levels: 75-80
SL: Below 70
Target: 240+ in 2-3 years
Risk-Reward: 1:17+
Keep an eye!
Shreyans industries range breakoutShreyan ind. consolidating in the range of 68-95 from the last 4-5 month a breakout above 94-96 can provide a good long trade target would be 118-125 in between stop after breakout should be placed at 86
