VCP characteristics, Base on Base structureExhibiting good relative strength.
Tight contraction on the right hand side and volume dry up in the last couple of days.
Volume surge in shorter time frame.
Surged through pivot at 741.
Broader market is weak, therefore sizing 10% of portfolio.
Bought at 735, will close if breaches day low.
Publishing for my own reference. Not an investment/trading advise.
SHARDACROP trade ideas
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SHARDACROPCHEMThis stock has formed cup and handle pattern with accumulation since 3 years, Now it's a verge to break the resistance trendline which is top of the cup and handle chart pattern, breaking above 375 can be a good impulse beginning towards north. One can go Long on only closing above 375.
Key Levels are Mentioned on chart
Cup and handle pattern
Macd in monthly bullish and Uptick
Macd in weekly positive crossover and Uptick and also above zero line
Macd in daily positive
Rsi in Weekly Uptick and also Breakout
Rsi in daily
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult your Financial advisor before trading or investing
SHARDA CROPCHEM (LONG)it has taken support twice near 300.
Buy @ 300 - 315
Tgt 342 - 370
SL 283
may face small resistance near 328
short term traders can play from 318 to 328
positional type can hold till 342 - 370
Please correlate yourself also on charts. this is for educational purpose only. must consult with your financial advisor before investing.
SHARDACROP - Multiple Patterns breakout - Swing TradeThe above analysis is done purely based on price action and chart patterns.
The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets
Logic as well as the trade setup is shown in image itself.
Entry can be made between the range of 285-295. SL and Targets are shown in image itself.
The above analysis is purely for educational purpose. Traders must do their own study before entering into any trade. Traders must trade as per their own risk taking capacity and money management.
Feel Free to comment for any queries regarding the above stock or price action analysis in general.
Also check out my other ideas to understand how price action works and how it can be used to make regular profits without any complex strategies.
Sharda Cropchem having a nice long setupSharda Cropchem a debt free and consistent performing agrochem company bouncing off the support, may reach 345 and then 419, sl: 250. Also it is forming inverse head and shoulder pattern with neckline around 300.
Disclaimer: The stock/index/currency discussed do not constitute Investment/trading advise and is merely an effort towards enhancing learning, knowledge and book keeping. Kindly do your own due diligence and/or consult investment advisor before making any investment/trading decisions