Archidply (Swing):Archidply (Swing):
Getting support across a major demand zone.
Time to look for a swing opportunity here.
One can expect a minimum 65-75% gains.
Add positions while script rovers around 60-70.
Appropriate resistances/targets are highlighted.
Note: Do your own due diligence before taking any action.
I would be posting updates for this chart in the comments sections as time progresses.
Feel free to raise your queries.
ARCHIDPLY
#greenply #rushil #greenpanel #archidply #centuryply #wipl #Riil#GREENPLY
NSE:GREENPLY
NSE:GREENPLY
GREENPLY
CMP 202
Target 235
SL 174
TF < 6 months
Return 24%
Entry 189
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.
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With 💚 from Rachit Sethia