Wilmar
ADANI WILMAR, GOOD SUPPORT.the stock has given about 175% approx returns in just 7 months.
it could be possible that, it could hold onto this support, and then start moving, but now its good time to buy. stock has been in a good rally, and i dont see, it will go down, and nullify the rally. i dont see further fall in the stock, and going more lower to its supports.
the stock is just holding onto its support line, and may go up in some time.
TARGET: 875(27%APPROX)
STOCK WILL BE REACHING ITS ALL TIME HIGH.
AWL might be bearish for short termStock completed wave 3 and needs a cool off for next wave. Around 460 on bull case - and 380 on worse Case can be reversal points technically. Since its heavily manipulated it can't work as accurate as possible, but it can give a clear idea to the investors to not panic in these situations.
STI Wilmar F34 seeks $4.54 to resume uptrendWilmar resumed its uptrend LT in July 2019.
Multiple buy signals MT and ST were issued on 270720 and 250920 @$4.41-$4.46
PIVOT : $4.54
Buy at the break and hold above $4.54
Target ATH of $7.29
Stop Loss $4.36
A break of $4.36 will negate the ST buy signal and test $4.04
WILMAR (F34) - Opportunity to BUYHey everyone, here's the analysis on Wilmar, if you found this insightful, please like and leave a comment on ideas you would like to see next!
Summary:
As illustrated by the yellow dotted lines, I am expecting a drop in current price to zone 2 at the 3.22 area highlighted in green, before moving higher to our resistance zone between 3.73 - 3.81.
Action:
Buy Limit: 3.22
Stop Loss: 3.00
Take Profit: 3.73
Analysis:
Zone 2 is in line with a key level on the weekly chart and the 38.2% retracement. If current price holds well above zone 2, it could rally to zone 3 highlighted in red, between 3.73 - 3.81. The resistance zone 3 is a key breakout zone, hence we will not play a move beyond that.
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