PARADEEP PHOSPHATES LTD Best for Swing Trading Ideas
Strong Support :- 80
1st Target :- 90
2nd Target :- 100
Set strict Stoploss below 80 rupees on closing Basis
Analysis
The stock shows strong support around 82-83 INR, indicating that this could be a good entry point for buying.
The recent correction after the surge suggests the stock is taking a breather before potentially making another move.
Monitoring the volume during this consolidation phase is important. Increased volume on upward movements would confirm the bullish sentiment.
The overall trend seems positive with the EMA indicating a rising trend, suggesting that the stock might continue its upward movement after this consolidation phase.
This is my personal opinion and is only for educational purposes. Please consult your financial advisor before making any decision. Stock Market investments are subject to market risk
Strong Support :- 80
1st Target :- 90
2nd Target :- 100
Set strict Stoploss below 80 rupees on closing Basis
Analysis
The stock shows strong support around 82-83 INR, indicating that this could be a good entry point for buying.
The recent correction after the surge suggests the stock is taking a breather before potentially making another move.
Monitoring the volume during this consolidation phase is important. Increased volume on upward movements would confirm the bullish sentiment.
The overall trend seems positive with the EMA indicating a rising trend, suggesting that the stock might continue its upward movement after this consolidation phase.
This is my personal opinion and is only for educational purposes. Please consult your financial advisor before making any decision. Stock Market investments are subject to market risk