Petrochemicals
Natural GAS : LONGNatural gas bounced from a low of $1.95/MMBTU, where almost all producers lose money.
Since natural gas and crude oil are near or below breakeven levels, producers are reducing their drilling rate - likely lowering production levels given the lack of capacity.
The negative shift in weather, falling rig count, and potential export boost from Freeport may push natural gas back into a shortage over the coming months.
While natural gas spot prices appear likely bottoming, UNG's immense "contango" pressure remains a key investment rig factor.
Source : Seeking Alpha
INDIA GLYCOLS - keep an eye for symmetrical triangle breakout 📊 Script: INDIAGLYCO (INDIA GLYCOLS LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY 500
📊 Sector: Chemicals
📊 Industry: Chemicals & Petrochemicals
Key highlights: 💡⚡
📈 There is crossover in MACD as well as in double moving averages and stock is trading towards upper band of BB last but not least RSI is around 62.
📈 One can take swing trade after stock give breakout of symmetrical triangle.
⚠️ Keep an eye on INDIAGLYCO.
⚠️ It is near at its resistance zone which is around 915.
⚠️ Script is going to give symmetrical triangle breakout.
⏱️ BUY ABOVE AROUND 915
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
INDIA GLYCOLS - keep an eye for symmetrical triangle breakout📊 Script: INDIAGLYCO (INDIA GLYCOLS LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY 500
📊 Sector: Chemicals
📊 Industry: Chemicals & Petrochemicals
Key highlights: 💡⚡
📈 There is crossover in MACD as well as in double moving averages and stock is trading towards upper band of BB last but not least RSI is around 62.
📈 One can take swing trade after stock give breakout of symmetrical triangle.
⚠️ Keep an eye on INDIAGLYCO.
⚠️ It is near at its resistance zone which is around 915.
⚠️ Script is going to give symmetrical triangle breakout.
⏱️ BUY ABOVE AROUND 915
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
multibagger alert SPIC CMP 49Technical analysis : it is showing gpt infraproject like graph symmetrical triangle breakout if it remains above 47.50 it will give breakout in upcoming days but if it breaches the treandline it will just take time to go up,
RSI is in oversold zone.
FUNDAMENTAL: 1/ increased revenue in jun 21 quarter
2) increased operating profit in jun21 Q
3)profit before tax 27 crore which is less as compared to previous 32 crores but it is good as compared to other companies performance in this quater due to covid .
best time to buy this stock is now as it is down 20 % in the last month
predictions for the SAHARA INTERNATIONAL PETROCHEMICALThe price struggling in the price channel the the trend range is going side by side the VWAP so we are waiting for the springbox candle or the squeeze to see where the price will go if it cross the price channel down GO SHORT IF NOT HOLD STILL TILL THE PRICE HIT THE UP TREND THE WAIT FOR THE CANDLE WITH BIG WICK TO GO SHORT DONT GO LONG NOW IT NOT SAFE