Double Bottom!So.. greenpanel made a double bottom. It looks good for entry BUT ONLY IF A BREAKOUT OCCURS. but stop loss is too big
GREENPANEL trade ideas
Multi-Month Consolidation Breakout OpportunityA Multi Month Breakout Opportunity building up in NSE:GREENPANEL
Entry: 415
Target - 520
SL1: Super Trend (10,3)
SL2: Relative Strength(21) < 0
50 SMA Rising- Positional TradeDisclaimer: I am not a Sebi registered adviser.
This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser.
Its 50 SMA Rising Strategy. Suitable for Positional Trading Initial Stop loss lowest of last 2 candles and keep trailing with 50 days SMA if price close below 50 SMA then Exit or be in the trade some time trade can go for several months.
Be Discipline because discipline is the Key to Success in the STOCK Market.
Trade What you see not what you Think
Institutional Buy and Breakout soonThere is an institutional buy zone near the breakout area. It is expected that it will touch the institution zone again and shoot up from there to breakout the traingle pattern.
Best time to enter is if there is a reversal after hitting institution buy zone. As soon as it starts moving up again.
Trade Plan 17 Greenpanel Industries Limited is engaged in the manufacturing of plywood, medium density fibre boards (MDF) and allied products.
Greenpanel Industries Limited is engaged in the manufacturing of plywood, medium density fibre boards (MDF) and allied products.
During FY24, for the first time, Company spent Rs. 24 Cr by sponsoring Delhi Capitals in IPL 2023 and IPL 2024.
Greenpanel Industries Ltd :-Fascinating Story...Be a part of itSee the chart for the Psychology behind buying..!!
Buy Below 255
Stop Loss as per your risk Appetite.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by Me.
Short term technical trade Daily TFPrice made an cup and handle formation by retesting the major support zone 263-269 and breakout with a strong volume...... Buying zone 335-340 if comes, sl below 327.75 closing basis..... potential upside 405.......only for educational purpose and not any recommendation.....
#greenpanel reversal After long downtrend #green has started showing signs of reversal trend . It's taking supp of trendline if it sustain above purple line than it can give some big move.
Every thing shared by me is for education purpose only.
Analysis of GREENPANEL (NSE: GREENPANEL)Technical Overview:
1. Inverted Head and Shoulder Breakout:
The weekly chart for GREENPANEL indicates a notable technical development — the breakout and retest of an Inverted Head and Shoulder pattern. This is a bullish reversal pattern that suggests a potential shift from a downtrend to an uptrend.
2. Horizontal Support on Daily Chart:
The daily chart complements the bullish sentiment observed in the weekly timeframe. The candle at horizontal support further strengthens the potential for a bullish reversal. This support level adds a layer of confluence to the overall analysis.
3. Divergence on Daily Chart:
Divergence on the daily chart enhances the bullish case. Positive divergence, when accompanied by a supportive price action, can signal a weakening bearish momentum and the potential for a bullish reversal.
Trade Execution Strategy:
1. Entry:
Consider initiating a long position at the current market price (CMP) of 392. The entry is strategically chosen based on the Inverted Head and Shoulder breakout on the weekly chart, combined with the candle at horizontal support on the daily chart.
2. Stop Loss Placement:
Set a stop loss at 330 to manage risks effectively. This level is selected to provide a buffer against potential price fluctuations while serving as a protective measure in case the trade doesn’t unfold as anticipated.
3. Target Setting:
Set a target at 472, reflecting the potential upside as suggested by the Inverted Head and Shoulder breakout. This level aligns with the technical dynamics observed in both the weekly and daily charts.
Risk Factors and Considerations:
1. Market Dynamics:
Stay informed about broader market conditions and potential catalysts that may impact GREENPANEL. External factors can influence individual stock movements.
2. Risk-Reward Evaluation:
Evaluate the risk-reward ratio before entering the trade. Ensure that the potential reward justifies the assumed risk, maintaining a favorable risk-reward profile.
3. Continuous Monitoring:
Regularly monitor the trade for any changes in the technical setup or unexpected market developments. Be prepared to adjust the strategy based on evolving conditions.
Conclusion:
GREENPANEL presents a compelling technical setup with the Inverted Head and Shoulder breakout on the weekly chart, reinforced by supportive factors on the daily chart. The trade is initiated with a comprehensive risk management strategy, acknowledging potential risks and uncertainties. Continuous monitoring and adaptability are key to navigating the dynamic nature of the market effectively.
GREENPANELNSE:GREENPANEL
Breakout and now retest
Support 401
sl- 393
Target- 440+
Rsi>60
MA is in BUY
GREENPANEL Greenpanel buy buy buy..............buy buy buy wait for minimum 2 weeks for the said tgt
GREENPANELGREENPANEL
CMP 353.15
One can Hold for 400-441
Taken Support
Forming Rounding bottom pattern
spike to good good volume come also break out range and sustain also near break zone sure to long also momentum opportunity.
Greenpanel Cup with Handle 31-12-2023Cup With Handle Pattern (W) &(M)
Date :- 31-12-2023
Time Frame :- Weekly
Buying Zone :- @ 400-422
Stoploss :- @ 365
RRR :- 1 : 6
Target :- 605-625
Profit % :- 49%
Profit :- 205
Holding Period :- 3 TO 12 MONTHS
GreenpanelStock name = Greenpanel Industries Limited.
Weekly chart setup
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling recommendations. I am not SEBI registered. please consult your financial advisor before taking any trade.
A multi beggar's stock with low riskGreen panel is the low cost furniture manufacturing stock.
It is very good fundamental and revenue and profit growth And it is consolidating since 2.5 years so now we are getting it on low valuation.
It is also forming proper high and low it is as indicator of strong buyers.
I am buying this whenever it will give breakout from major point that I have mentioned in the chart.
This will be my most safest bet as the company seem to have good track record.
If you find this valuable please boost my idea so that it can reach to more people and follow me.
Greenpanel industries - Updated viewStock price is technically reversed and now making higher highs and higher lows. 310-340 is a strong support zone, daily close above 392 could lead stock price towards 426, 500 and 600. Company is expecting MDF columns to improve in coming quarters and looks like high inventory costs are behind now. Good stock to buy and hold.
GREENPANEL 2nd Target, Enjoy Profits !!NSE:GREENPANEL shared with potential levels including SL.
Hit T1 consolidated then now T2, Enjoy your profits....
Show some love to share more charts like this.
Greenpanel Industries swing setupSelf explanatory.
Do your own due diligence before taking any action.
Peace!!
