EMAMILTD trade ideas
TRADE OF THE WEEK ** EMAMILTD** NEXT WEEK TGT 520/560/580EMAMILTD is looking very strong for next week. It will move upside till 520/540/560, so anyone can buy at 480-460 with the STOP LOSS of 443.
NSE:EMAMILTD
Intraday trade setup for Email ltdMajor points of analysis and decisions -
1. Trend pattern upside
2. Stock is at the below of trend channel
3. Doji formation at the bottom after many red candles showing an indecision among sellers or weakness in sellers
5. Strong long tail doji
6. RSI 50
Target 423-432
At Resistance waiting for breakout.... breakout can take it higher ... lets see how price reacts to resistance
EMAMI - Weekly chartThis analysis is purely based on price action
The analysis is on Weekly TF hence target can be achieved in couple of weeks to months
Trade strategy is explained in image itself. Entry above high of the candle.
Always plan your trade & trade your plan
Keep trailing SL accordingly once in trade
SL should be on Weekly/Daily Closing basis as per trader's own capacity.
Trade at your own risk and money management
Feel free to comment for any queries & suggestion
Long Emami 356Emami hourly consolidation we see sustain above 356we see 370@380above 361 sustain we see more upside possible 370@380
Keep. Radar
above 211 can we see a new cycle starting?Can we see a new triangle story from emami ltd on daily chart? time test! NSE:EMAMILTD
A test of Pivot points IFF 216 is held once breached!NOT A BUY RECOMMENDATION!!CAN THE STOCK TEST 270 IF 216 IS HELD AS SHOWN IN THE CHART!
EMAMI - Box Breakout - Target 602CCI8 and CCI34 on Daily Chart >100
CCI8 and CCI34 on Weekly Chart >0
Rested on Fibbo Support since long, Now heading towards next level.
EMAMI LTD (EMAMILTD) - Double Top Firmly In Place - 12/23/2016A general tide has lifted all the boats and now when it's ebbing, to borrow Mr. Warren Buffet's phrase - we will soon find out who is swimming naked. Many stocks have gone from ridiculous to insane levels and they are bound to come crashing down.
Emami Limited's first test will be at 900. That support may not hold during the thick of the things and we are more inclined to grab a little near 800 support level rather. Also please keep in mind that, even 800 level is most probably going to be the short term trade unless something changes. Below that, the stock has open area until 500. That's too far but we need to have our game plan ready because stocks take years to rise and they fall within days to undone all the work.
Another such stock is DABUR, which we begin to short near 320 and that has been materialized as perfect top ! There is no magic in it, it's power of simple objective technical analysis ;)
