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GREENPLY INDUSTRIES LTDGREENPLY INDUSTRIES LTDGREENPLY INDUSTRIES LTD

GREENPLY INDUSTRIES LTD

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GREENPLY trade ideas

Greenply- shall be in Green sooner.This chart is an Elliott Wave analysis of Greenply Industries Ltd. (NSE) on the weekly timeframe, indicating potential price movements. Key Observations: Elliott Wave Count: The chart follows a five-wave impulse structure (marked in orange). Wave 3 has peaked, and Wave 4 is in progress, expected to correct before Wave 5's continuation upward. Support & Resistance Levels: Support Zones: Fib 0.5 retracement level at ~239.77 INR (green zone). Previous strong support at ~133.86 INR. Resistance Levels: 411.95 INR (previous high). Potential Wave 5 target at ~551.90 INR. Fibonacci Extensions: 1.618 extension at ~428.90 INR. 4.764 extension at ~394.30 INR. These levels suggest strong confluence zones for future price reactions. Current Price Action: The stock is currently at 283.00 INR (+3.87%). Wave 4 correction appears to be forming, possibly bottoming in the green support zone before Wave 5 rallies higher. Conclusion: Short-term: Potential downside as Wave 4 corrects into the 245-271 INR support zone. Mid-to-Long-term: A Wave 5 rally towards 550 INR is anticipated after the correction. Key levels to watch: Support around 239 INR, breakout above 411 INR for confirmation of Wave 5.
NSE:GREENPLY
by Pushpmegh
GREENPLY Trading Within Demand ZoneGREENPLY is currently trading at ₹287.65, above the demand zone ranging from ₹285 (baseHigh) to ₹277.3 (baseLow), identified on 18th June 2024. This fresh demand zone might provide support for the price, potentially offering an opportunity for investors to consider. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Please perform your own due diligence or consult a financial advisor before making any investment or trading decisions.
NSE:GREENPLY
by rush12799
50 SMA Rising- Positional TradeDisclaimer: I am not a Sebi registered adviser. This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser. Its 50 SMA Rising Strategy. Suitable for Positional Trading Initial Stop loss lowest of last 2 candles and keep trailing with 50 days SMA if price close below 50 SMA then Exit or be in the trade some time trade can go for several months. Be Discipline because discipline is the Key to Success in the STOCK Market. Trade What you see not what you Think
NSE:GREENPLY
by AnsariTV
GREENPLY :ATH / CUP BreakoutGREENPLY is currently trading around its all-time high (ATH) and presents an opportunity for a long trade with a promising risk-reward profile. The strategy involves entering a position at 4% above the ATH and employing a dynamic stop-loss approach to manage risk and maximize potential gains. Entry: Enter a long position at GREENPLY's ATH price + 4% (310.80) Initial Stop-Loss: Set an initial stop-loss at 20% below the entry price (248.65) Targets: First Target: 438.50 (Fibonacci 1.618 level) Second Target: 524.85 (Fibonacci 2 level) Third Target: 750.80 (Fibonacci 3 level) Position Sizing: Limit the trade size to ensure that no more than 5% of your capital is at risk. In case the stop-loss is triggered, the maximum capital loss will be limited to 1% The dynamic stop-loss adjustment after reaching the first target further protects capital and locks in profits. The position sizing ensures that you are not risking more than you can afford to lose. Disclaimer: This trading strategy is for informational purposes only and should not be construed as financial advice. Please conduct your own research and due diligence before making any trading decisions. Additional Notes: Consider using technical indicators and chart patterns to refine your entry and exit points. Monitor market conditions and adjust your strategy accordingly. Practice risk management techniques to protect your capital. Please let me know if you have any other questions.
NSE:GREENPLYLong
by lalitcpanchal
3
GREENPLY INDUSTRIESThe stock was moving up and in the last week of February, it encountered a BC bar or a buying climax like bar. Then because of the supply of the BC bar, it was pushed down to the 200 DMA levels. From there, it started recovering. Then it attempted to take out the Supply shadow of the BC bar but did not succeed. Then again recently did try to go into the shadow of the BC bar. It was struggling and pulled back a little and then now it has moved past the supply shadow of the BC bar. It would mean that all the supply has been fully absorbed now and the stock would be ready to move up. As you can see, the relative strength is becoming positive and the money is also flowing into the stock. The momentum is also positive and increasing and the volume has also increased. Also, we can see the good increase in the delivery volumes indicating committed buyers stepping in. Now with a positive close above 287, the last close would take the stock into the next higher trajectory. So, it is a stock worth watching.
NSE:GREENPLYLong
by karthikmarar
Greenply Industries Greenply's recent bullish chart stands out, thanks to its robust long-term trendline originating from its inception. It has successfully broken through and paused at the descending trendline, on course to complete a triangle pattern at the peak. This creates an opportunity for a swing trade up to that level. Subsequently, a reassessment can be made for potential holding or exiting positions. Be sure to monitor the chart for trailing stop-loss levels and set your targets accordingly.
NSE:GREENPLYLong
by happyvegan10
Greenply gave a Bullish Happy CandleGreenply Industries Limited (GIL) is India's largest interior infrastructure company. It accounts for almost 36 percent of the organized plywood and 26 percent of the organized laminate market in India. The main products of the company are plywood and blackboards, doors, decorative veneers, PVC products and speciality plywood. Greenply Industries CMP is 169.50. Negative aspects of the company are declining cash from operations, FIIs are decreasing stake and MFs are decreasing stake. Positive aspects of the company are improving annual net profits, no debt and zero promoter pledge. Entry after closing above 172. Targets in the stock will be 182 and 194. Long term target in the stock will be 207. Stop loss in the stock should be maintained at closing below 134.
NSE:GREENPLYLong
by Happy_Candles_Investment
1
#greenply #rushil #greenpanel #archidply #centuryply #wipl #Riil#GREENPLY NSE:GREENPLY NSE:GREENPLY GREENPLY CMP 202 Target 235 SL 174 TF < 6 months Return 24% Entry 189 Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
NSE:GREENPLYLong
by Rachit_Sethia