Penny stock swing trading: Pattern target indicates a strong 40 per cent up-move - Keep it on your watchlist!
Penny stock swing trading: Pattern target indicates a strong 40 per cent up-move - Keep it on your watchlist!

Penny stock swing trading: Pattern target indicates a strong 40 per cent up-move - Keep it on your watchlist!

This robust movement in the stock resulted in a decisive breakout of a cup-like pattern that persisted for almost 107 weeks.

Karan Dsij Article rating: 3.9

The stock experienced a remarkable surge of over 15 per cent in the initial trading hour. The structure closely resembles one. Significantly, the breakout is supported by robust volume, indicating broader market participation in the direction of the trend.

Don’t miss the action: Keep this specialty chemical stock on your watchlist; swing trading signals turn green!
Don’t miss the action: Keep this specialty chemical stock on your watchlist; swing trading signals turn green!

Don’t miss the action: Keep this specialty chemical stock on your watchlist; swing trading signals turn green!

We expect the recovery in prices and margins to be gradual over the next 2-3 quarters.

Karan Dsij Article rating: 4.3

It is one of the leading players in custom-manufactured chemicals and one of the oldest manufacturers of Chloromethanes in India. The stock is trading higher by nearly 6 per cent. 

Stock below Rs 20: Reliance-backed stock jumps 7 per cent; witnesses a solid breakout!
Stock below Rs 20: Reliance-backed stock jumps 7 per cent; witnesses a solid breakout!

Stock below Rs 20: Reliance-backed stock jumps 7 per cent; witnesses a solid breakout!

Delving into the realm of technical indicators, we find further reasons to be optimistic. The MACD has flashed a buy signal

Karan Dsij Article rating: 4.2

Adding to the stock's allure is the significant backing it enjoys from Reliance Industries Ltd., which holds a substantial 40.01 per cent stake in the company and serves as one of its key promoters.

 

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