BUY - ADVANCED ENZYME TECHNOLOGY LTD
CMP - Rs. 289
Target - 1: Rs. 385
Target - 2: Rs. 475
Target - 3: Rs. 590
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Technicals - Cup and Handle Pattern
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Fundamentals -
Advanced Enzyme Technologies Limited is engaged in the business of manufacturing and sales of enzymes.
1) The company is almost debt free.
2) The company has been maintaining a healthy dividend...
NSE:ADVENZYMES is going as per previously posted Idea.
I see Target of Previous High i.e., 69% Upside from today's price.
Following below are the links to my previous ideas trying to understand the correction phase of Advanced Enzymes.
NSE:ADVENZYMES retracement is over as it is suggested by Strong Pinbar at Weekly time frame.
Entry and Take Profit as per drawn in the chart.
The red Line is 200DMA.
NSE:ADVENZYMES is going to be in a final Impulse when it gets rejected from lower channel line drawn.
This is an update on previous idea, Outlook remains the same.
Short term Ascending triangle breakout and retest done (divergence confirmation) of the Inverted Head and Shoulder pattern.
Short term target is the breakout level of the Cup and Handle.
Above breakout level we would see higher targets in the long run.
Hie, In this investment series we talk about some fundamentally strong companies identified by Capital Market analysts in their latest issue.
Advanced Enzyme Technologies Ltd. engages in the research, development, manufacture, and sale of enzyme products. It offers products for human nutrition, animal nutrition, food processing, and non-food processing....
Advanced enzymes has formed a wonderful triangle pattern and as soon as it comes out of its pattern on the upper side, the stock should rally towards Rs.445, but it should only be bought post breakout and not before that. Also Stop Loss can be the resistance line of the triangle once that is taken out. Once the stock rises, make 50EMA as your Stop Loss as it is...
Note: This is for educational purpose only.
There seems to be an ascending triangle bullish breakout with ultra high volume. Moreover, RSI is above 65 which indicates bullish momentum.
Advanced Enzymes has given weekly Buy Breakout. Fundamentals of the Stock is looking good. Pledged Shares by Promoters have come down. FII's and MF have increased the investments.
Short Term Target 230
Medium Term Target 279
Long Term Targets 414/Life time High
