PLASTIBLENDS - ROUND BOTTOM BREAKOUT8 Months of Round Bottom breakout
BUY PRICE : 353
SL : 304 (only for swing traders)
TARGET : 480 (36%)
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PLASTIBLEN trade ideas
50 SMA Rising - Positional TradeI 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.
It 50 SMA Rising. 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.
Plastiblends - Near Multi year breakout on Weekly chartsI love weekly multi year breakouts because the margin of error is significantly lower, that too when the stock did not rally one way from rock bottom levels to ATH but has been hovering around the neckline for quite sometime.
This is not a reco. DYOR. I am sharing the charts so that we can all learn together about how the breakouts play.
Plastiblends India Ltd is in the business of manufacturing Masterbatches wjhich are nothing but plastic color additives.. or blends.. hence the name Plasti blends. Fundamentals look good. Results improving QoQ and YoY.
PlastiblendsPlastiblends
Forming a nice pattern yet again for a bullish rally.
Last time around, The crossing of the 5-day Simple Moving Average (SMA) over the 20-day SMA resulted in a significant rally.
Now, it appears that a similar setup is about to repeat again. The previous rally lasted for 18 months, followed by 18 months of a downward trend. However, the market is now showing signs of reversing once more, and it seems that another 18-month reversal might be on the horizon.