Textile Industry - A laggard sector in bull run?
The textile industry is new trends and lot of opportunities.
Here are some of the top textile stocks that are breaking out in charts and showing strong growth potential with probable shift to Stage 2 from stage 1.
A thread π§΅
The textile industry is new trends and lot of opportunities.
Here are some of the top textile stocks that are breaking out in charts and showing strong growth potential with probable shift to Stage 2 from stage 1.
A thread π§΅
Dollar Industries - Fit Hai Boss !!
Feels like the end of decline followed by accumulation zone. 200 EMA also flat now and feels like start of uptrend.
Feels like the end of decline followed by accumulation zone. 200 EMA also flat now and feels like start of uptrend.
Lux Industries -
I would say it's too early to say start of uptrend but sure we are near to accumulation. Recent volume has been showing big volume tower indicating institutional footprints. Will keep monitoring.
I would say it's too early to say start of uptrend but sure we are near to accumulation. Recent volume has been showing big volume tower indicating institutional footprints. Will keep monitoring.
Rupa and Co - Rupa hi Lena !!
A classic stage analysis. Distribution -> Decline -> Accumulation -> (Start of uptrend)?
200 EMA is completely flat now and looks like can be start of uptrend soon.
Keeeeeep eye on this guyyyys.
A classic stage analysis. Distribution -> Decline -> Accumulation -> (Start of uptrend)?
200 EMA is completely flat now and looks like can be start of uptrend soon.
Keeeeeep eye on this guyyyys.
FTA agreement for textile sector can be game changer as it can help Indian textile exporters to gain a competitive edge over other countries that face high import duties in developed markets such as the EU, the US, and the UK. What's say @LearningEleven @shubhfin
@LearningEleven @shubhfin Kitex - World's second largest manufacturer of cotton and organic cotton garments for childrens and a larger supplier to Walmart.
The train has left the station now. Started it's upward journey. @icanseeyourpix2
The train has left the station now. Started it's upward journey. @icanseeyourpix2
Welspun India -
After falling 65% from top, stock shaping up again. Looks like a flag and pole structure with multiple contractions in flag. Worth of tracking and upcoming trade candidate.
What's say @icanseeyourpix2 @shubhfin
After falling 65% from top, stock shaping up again. Looks like a flag and pole structure with multiple contractions in flag. Worth of tracking and upcoming trade candidate.
What's say @icanseeyourpix2 @shubhfin
Nitin Spinners -
I had feeling that it would form a base above resistance line and then give breakout but didn't sustain. Back in accumulation zone now with gap down. Situation would be better above 280.
I had feeling that it would form a base above resistance line and then give breakout but didn't sustain. Back in accumulation zone now with gap down. Situation would be better above 280.
@icanseeyourpix2 @shubhfin Indo Count Industries -
I am little concerned here it appears to be rising wedge (considered bearish pattern). If upper boundary breaks out, then I might be interested in buying.
Fun fact: I took SL hereπ
I am little concerned here it appears to be rising wedge (considered bearish pattern). If upper boundary breaks out, then I might be interested in buying.
Fun fact: I took SL hereπ
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