#greenpanel reversal After long downtrend #green has started showing signs of reversal trend . It's taking supp of trendline if it sustain above purple line than it can give some big move.
Every thing shared by me is for education purpose only.
GREENPANEL
Greenpanel Industries swing setupSelf explanatory.
Do your own due diligence before taking any action.
Peace!!
Descending channel in Greenpanel
Greenpanel view aboe 292
Descending channel support
Follow strict risk rward and stop loss if u follow the level
Charts for Educational purposes only
Thanks,
V Trade Point
Greenpanel Industries Trend AnalysisDiwali Pick!!
Hidden gem available at fair value with ROCE & ROE around 30%
Sales increased by 300% in 3.5 years
Net Profit increased by 820%
Borrowings reduced by 46%
Expecting the price to bounce from 315-330 levels
as it is the technical target of head & shoulder pattern
which is also in confluence with golden FIB level.
Good to accumulate at those levels for the following targets:
Short term swing target @ 500 (51.5% ROI)
Medium term swing target @ 600 (81.8% ROI)
Long term positional target @ 915 (177.3% ROI)
Stop loss @ 275 (Optional)
Do your own due diligence before taking any action.
Peace!!
GREEN PANEL, A MULTI-BAGGER COMPANY!!MA says everything. green panel, has a good business theme, with a great fundamentals. (small cap company, good multibagger)
#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
