Gold 1) Positional Trade 2) Awesome fundamentals 3) Rocket base setup 4) Tight Consolidation 5) I will not be surprised if it touches 1700 Longby lav209kush0051
SKYGOLD (Breakout Soon)Entry-Above BoS level (DCB) Risk taker enter at CMP SL-1149 (WCB) Targets-Given on chart . I am not a SEBI Registered. This analysis is purely for educational purposes only. . If you gain some learning from this chart, then please like this post for more reach & also do comment if you have any questions regarding this.Longby Nshravan12
Another gem in the Jungle #Skygold.Another gem in the Jungle #Skygold. Low float stock, Low margin business, New Capacity installed. Heavy volume in last few days. But, Beware it has advanced too much, New entry could be a pain point. No buying reco as I'm not a SEBI Advisor. Read the company, Know the risk.Longby vipinguptaca3
SKYGOLD: Support and Positive EarningsIn this analysis, we will delve into the technical aspects of SKYGOLD's weekly chart and explore the recent positive earnings results. Based on these factors, we will consider a potential trade opportunity for SKYGOLD. Let's proceed with the analysis. Chart Analysis: The TradingView chart for SKYGOLD offers insights into the stock's current technical setup and recent earnings performance. Support on the Weekly Chart: SKYGOLD's weekly chart showcases a significant support level. This level indicates an area where buyers could potentially step in, leading to a potential price rebound. The support adds a positive connotation to the stock's technical outlook. Positive Earnings Results: SKYGOLD's recent earnings report reflects favorable financial performance. The company reported: Revenue of ₹376 crore, compared to ₹312 crore in the previous period. Profit Before Tax (PBT) of ₹14 crore, showing a substantial increase from ₹6.3 crore, with Q4 PBT at ₹7.8 crore. Profit After Tax (PAT) of ₹10.6 crore, a marked improvement from ₹5.2 crore. These robust earnings figures suggest improved financial health and positive business prospects, which could potentially impact the stock's price movement. Trade Opportunity: Considering the support on the weekly chart and the positive earnings results, a trade opportunity might be developing for SKYGOLD. Traders could contemplate entering a long position at the current market price (CMP) of ₹259.7. The suggested stop loss (SL) at ₹242 is aimed at mitigating potential risks associated with the trade. The target for this trade is set at ₹290, offering a potential price target for traders. This level aligns with the stock's potential price movement following the identified technical and fundamental signals. Conclusion: The technical analysis of SKYGOLD's weekly chart, combined with the positive earnings results, suggests a potential bullish scenario for the stock. The support level and improved financial performance enhance the stock's outlook. Traders might consider entering a long position at the CMP of ₹259.7, with a SL at ₹242 and a target at ₹290. While this analysis provides insights into a potential trade opportunity, always exercise caution, conduct thorough research, and consider consulting a financial advisor. Additionally, implement effective risk management strategies to ensure prudent trading decisions.Longby yaashulUpdated 3