Fairchem organics - Long term wedge nearing breakout?Fundamentally strong company had a great run up and then collapsed. By looking at the chats, mmulti year breakout seems probable. My view is long.
FAIRCHEMOR trade ideas
FAIRCHEMOR viewFAIRCHEMOR
Good buying happened today..
watching for next days
Charts for educational purposes only
Breakout in FAIRCHEM ORGAscending Triangle Breakout setup
RSI above 70 and rising
Trading above EMA50
Volume spurt
Highest volume in last 12 months
Possible levels : 1700>>1768>>2070
Stoploss : 1280
Disc : for study, not a recommendation
FAIRCHEM OR : Multibagger Returns Soon !!FAIRCHEMOR stock has made Big Broadening Pattern
And around the support of Broadening pattern stock has made Ascending Triangle pattern
Also Stock has given Breakout of Ascending Triangle pattern
We can clearly see Breakout with Huge Green Candle!!!!
Stock can show 2100 levels in coming weeks
Which is 50% from here on.
Broadening Pattern target is 3000+
Which is more than 100% From current price.
Disclaimer : We are not SEBI registered analyst. Do your own research before taking any investment decision.
#stock #stockmarket #investing #money #finance #trading #investment
Fairchem Organics Limited - Keep an Eye📊 Script: FAIRCHEMOR (FAIRCHEM ORGANICS LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: N/A
📊 Sector: Chemicals
📊 Industry: Specialty Chemicals
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
📈 Crossover in MACD coming soon.
📈 Double Moving Averages is giving crossover.
📈 Volume is increasing along with price as highlighted in chart.
📈 Script is trading at its resistance level which is 2136, if script is breaking its resistance level it may give rally of 6% around 2274 level.
📈 Current RSI is around 72.
📈 One can go for Swing Trade.
BUY ABOVE 2136
⏱️ C.M.P 📑💰- 2136
🟢 Target 🎯🏆 - 2274
⚠️ Important: Always maintain your Risk & Reward Ratio.
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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!🥂
FAIRCHEM ORGANICS Trend AnalysisPrice is showing hidden bearish divergence with RSI on Daily & Weekly TF.
Descending broadening wedge pattern is forming as highlighted.
Fundamentally the stock is highly overvalued.
Good to accumulate around 850-900 levels for the following targets:
Short term swing target @ 1590 (76.67% ROI)
Medium term swing target @ 2250 (150% ROI)
Long term positional target @ 3300 (266.67% ROI)
Do your own due diligence before taking any action.
Peace!!
FAIRCHEM ORGANICSNON LOG: Weekly TF, price broke the weekly support TL and retested. Probability to go down is very high. Immediate Target is 950 to 1000
