Elgi RubberElgi Rubber
1- Breakout of Resistance
2- Huge Weekly Volume Spurt
3- Uptrend is Strong
4- Look to add on retest
ELGIRUBCO trade ideas
ELGIRUBBER Bullish Momentum1) Monthly at the verge of moving into uptrend.
2) Weekly has broken out of the 2 year old major consolidation phase after an uptrend. This has happened in May and then still consolidated for 3 months, and the last week has broken out of all the major consolidation zones.
Due the longer consolidation period, the breakout would be strong enough.
Has the potential to reach ATH of 70 levels. Good entry zones available with small SL to ride till 60 and 70. Do check out and comment. Happy trading!
The demand levels marked can be used for entry and the supply levels for target.
Elgi Rubber Company-Nice BreakoutElgi Rubber Company-Nice Breakout
Capital to be deployed- 20k
Investing Price -49-50
Breakout Price -49
Stoploss -37
Targets -81
RT for max reach
#elgirubber #StocksInFocus #StocksToBuy #stockstowatch #StocksToTrade
ELGIRUBCO NSE BULLISHVIEW BOVE 46 CMP 48.25ELGIRUBCO NSE is bullish if 46 holds CMP 48.25. New 52 Week High. Fresh Breakout. Positive Trend.
**** Educational purpose only. Not Buy/sell recommendation.
Elgi Rubber BuyBuy Elgi Rubber above 41.5 with stop loss is 34 then target is 50-65 duration is 5-6 months.
Long Order / Uptrend Idea #1sBuy Entry: @27
Target: 43
Stoploss: 22
DISCLAIMER: THIS IS ONLY FOR SPECULATION AND NOT AN INVESTMENT ADVICE OR ANY RECOMMDATION. KINDLY TAKE OWN DECISIONS FOR TAKING RISK IN FINANCIAL MARKETS AND TRADE AT YOUR SOLE DISCRETION.
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