"AYM Syntex: VCP Breakout with Strong Earnings and FII Interest

Nov 27, 2024

Stock: AYM Syntex Ltd. (AYMSYNTEX)

Analysis:
AYM Syntex has formed a Volatility Contraction Pattern (VCP), a bullish setup indicating potential upside. The breakout is confirmed with strong volume, signaling renewed buying interest. Recent fundamentals further bolster the bullish outlook:

Quarterly Revenue: ₹405 Cr (21.1% YoY growth).
Quarterly Net Profit: ₹4 Cr (179.8% YoY growth).
FII Interest: Foreign Institutional Investors' holding surged to 3.5%, a significant jump from 0.03% in the previous quarter.
This combination of technical and fundamental strength makes AYM Syntex an attractive candidate for a short-term swing trade. The target price is set at ₹255.

Technical Setup:

Pattern: Volatility Contraction Pattern (VCP)
Volume: Strong confirmation on breakout
Institutional Activity: Sharp increase in FII holdings
Trade Plan:

Entry: On sustained trade above breakout level
Target: Short-term target at ₹255
Stop Loss: Below the most recent support within the VCP
Note: With solid earnings growth and increased FII interest, this stock is poised for a potential upswing.

Dec 4, 2024

Trade active

Keep trailing good profits

Dec 16, 2024

Trade closed: target reached

Excellent profits