SDBL trade ideas
Som dist & brew ltdCurrently price on strong support zone ,
And RSI also show support on monthly and weekly base.
But I think this is Wave C ---> wave 3 running maybe I'll wrong.
If price break support zone after consolidation, then next best zone is 225 around,
(Here harmonic shark, volume, I think 5th and wave c 100% complete)
Personally thinking both zone interesting 245 near , and 225 near, also promoters bought some stake.
Best way to enter is pyramid.
SDBL clear break out Highest weekly closingA sequence of consolidation patterns in a stock may imply that it is preparing for a noteworthy movement, and if it is trading above important moving averages, it may indicate a robust bullish trend. Furthermore, breaking through the recent all-time high level is a distinct indication of the stock's upward momentum.
It is essential to trade with prudence and thoughtfully analyze your risk management plan before executing any trades. Wishing you a successful trading experience!
Indian Liquor StocksThis is custom index of Indian Liquor listed stocks with equal weight. It seems that the whole index is going up and new Russian Market demand is driving the same. Actual increase in profit will come after quarter end but as market is discounting machine price will move up ahead of actual results in expectations.
SDBL ROUNDING BOTTOMSom dist. looking good on charts on 116.5 - 117.
Rounding boottom can be seen now consolidating maybe breakout is near on.
volumes rising buying interest seen in the stock.
RSI positive near 62
if we see fibo levels on weekly basis targets are huge 127 if move above it 140 and 192 is the target.
shall watchout for the stock nicely placed.
if someone buys see 105 as sl.
Disclaimer : not a recommendation mainly for educational purpose.
Som Distilleries & Breweries LTD- Multiple Indicators + Risky 📊 Script: SDBL (SOM DISTILLERIES & BREWERIES LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY 500
📊 Sector: Fast Moving Consumer Goods
📊 Industry: Breweries & Distilleries
Key highlights: 💡⚡
This stock pick is according to my study. I have use few indicator that is
BOLLINGER BAND
MACD
RSI
DOUBLE MOVING AVERAGE
VOLUME
📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
📈 Crossover in MACD .
📈 Already Crossover in Double Moving Averages.
📈 Current RSI is around 68.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 110
🟢 Target 🎯🏆 - 118
⚠️ Stoploss ☠️🚫 - 106
⚠️ Risk Hai Toh Ishq Hai
⚠️ Important: Always maintain your Risk & Reward Ratio.
⚠️ Purely technical based pick.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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