GRWRHITECHGRWRHITECH
4 hour timeframe
i just shared my experience it is not an invite or recommendation to trade.
if youn any doubt means Please leave comments for any query.
best wishes
DYSON
GRWRHITECH trade ideas
Positional Trade setupResistance Breakout:
The stock has broken through a strong resistance level twice, as indicated by the horizontal red line and the arrows marked "Breakout."
The recent breakout around the ₹3,500-₹3,600 level seems to be significant, with strong bullish momentum, confirmed by the price closing above this level.
Volume:
The volume spikes during the breakouts suggest that the breakouts are supported by higher trading activity, which often validates the strength of a breakout.
Trend:
The overall trend is bullish, with higher highs and higher lows forming, especially post-June 2024.
The stock may be in an uptrend continuation after successfully retesting previous resistance levels that now act as support.
Positional Trade Ideas:
Bullish Scenario (Long Position):
Entry: If the stock continues to sustain above ₹3,500, a long position can be initiated with a target of ₹4,000-₹4,200 (next potential resistance based on the trend).
Stop Loss: Place a stop loss below ₹3,300 to protect against any false breakout or pullback.
Target: Short-term target ₹4,000-₹4,200 and medium-term target around ₹4,500 based on the previous price action.
Retest Strategy:
If the stock retraces back to ₹3,400-₹3,500 levels (former resistance acting as support), it could be a good re-entry point for a long position.
Stop Loss: Below ₹3,300.
Target: ₹4,000-₹4,200.
Bearish Scenario (Reversal):
If the stock falls back below the ₹3,500 level with high volume, it may indicate a false breakout. A short position can be considered with a stop loss around ₹3,600.
Target: ₹3,200-₹3,100.
Conclusion:
The stock is currently exhibiting bullish signals with strong breakout patterns. A long position above ₹3,500 could offer good returns if it sustains its upward momentum. However, keep an eye on support levels around ₹3,300 to manage risk effectively.
GRWRHITECH potential breakout - Earnings gapup (EP)
- Strong prior uptrend.
- Tight price action.
- Volume contraction.
- Strong sector.
- High relative strength.
What's right about POLY FIRMSthere is a famous quote about stock market "never catch a bleeding (falling) stock wait for the blood to dry up (bottom formation) ,let there be clotting (consolidation) and buy the stock when it has started healing (moving up). this is the time when maximum money is made
why POLYFIRMS
i have observed that major poly firms such as polyplex, jindal poly, grwrhitech has started moving up which means there is a sectoral tailwind
fundaments which were very weak now has started giving good results
charts has improved in last 3 months
this is what i can see from technical and a broader perspective,
share your views, will love to read them
GRWEHITECH BRAKEOUT ON DAILY CHARTNSE:GRAPHITE
I am buying this stock
Near 2300
And follow sl on 1940
My target will be 2820
My risk reward ratio is 1:1.50
Return on capital 15%
GRWRHITGARWARE HI TECH FILMS LIM has breakout ATH resistance level TGT up to 4917 sl bellow 1951 and this is only for educational purpose not any buy and sell recommendation
Swing trade These are swing idea's which you can add your watchlist and analysis for yourself.
Keep on radar.
Potential upside stock!
garware high techIt is the largest as well as the first company to produce polyester film in India for the last 20 years. They have grown to be a force to reckon with within the polyester film industry. They are continously diversifying to meet new challenges and reach new horizons.
The forties witnessed the birth of Garware, a simple manufacturing unit producing plastic buttons for the Navy. They later diversified their product base to include knitting needles, pen-holders and toothbrushes.
In the fifties they lead the race by manufacturing injected, moulded and extruded plastic products like television casings & fan blades.
The sixties brought new challenges in the form of new technologies. They responded by expanding our product line to include PVC pipes, fittings and allied products. End sixties saw the emergence of Polyester film and a whole new world of possibilities opened up for them.
By the seventies it set out to conquer the entire world. Their expansion plans were launched with exports to the Middle East. To meet growing demands two new plants were set up - the polyester film plant in Aurangabad and the metallising unit in Nasik.
In the eighties we produced sure winners like Garfilm, Sun Control and X-Ray film - all polyester based and indigenously developed. They were matching strides with developments worldwide.
The nineties, the era of high technology, saw them taking on new challenges.
Product range of the compny includes:
Reprographic Films/Sheets
Polyester Film
Pet Film
Bopet Film
Biaxially Oriented Polyester Film
Polyethylene Ptere Pthlate Films
Packaging Films
Metallised Films
Insulation Films/Sheets/Webs
Reprographic Films
LCD Films
Thermal Lamination Films
Release Liner
Suncontrol
Solarcontroal
Holography
Heatsealable
Opaque Films
Label Films
Matte Films
OHP Films
TRDR Films
Lacquered
Yarn Grade Films
