ADVENZYMES - Breakout Setup, Move is ON..NSE:ADVENZYMES
✅ #ADVENZYMES trading above Resistance of 485
✅ Next Resistance is at 642
✅ Trailing Support is at 341
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
ADVENZYMES
ADVENZYMES | Swing Trade📊 DETAILS
Sector: Pharmaceuticals & Drugs
Mkt Cap: 3,599 cr
Advanced Enzyme Technologies Limited is engaged in the business of manufacturing and sales of enzymes.
TTM PE : 30.86 (Average PE)
Sector PE : 32.61
Beta : 0.67
📚 INSIGHTS
Strong Performer
Stock with good financial performance alongside good to expensive valuation, but lacks price momentum as suggested by technical indicators
6.78% away from 52 week high
Underperformer - Advanced Enzyme Technologies down by -1.61% v/s NIFTY 50 down by -1.54% in last 1 month
📈 FINANCIALS
Piotroski Score of 5/9 indicates Average Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
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ADVENZYMESADVENZYMES:- For the last 10 months the stock is consolidating in a small range, before that the stock was falling, now if the stock is 323.60. and Gives a breakout and sustains, then we can buy some planes, otherwise the stock will be ignored.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Advanced Enzymes - Technically PositiveAdvenzymes has taken a dip of about 40% from its all time high of 503.70 on 19/05/2021. However, fundamentals have not fallen to the comparable intensity.
Positive Triggers:
1. Positive RSI Divergence: 2 times positive RSI divergence within short period of time
2. Prices moving up after a healthy consolidation within same range for longer time
3. W Pattern is in formation
4. Handle, from the Cup and Handle Pattern, will be in formation if price move upwards. And, that pattern will be made over a pretty long period i.e., from October 2016.
Key Resistances:
1. 334
2. 350
3. 374
4. 415
ADVENZYMES Buy signal , price at supportI will buy ADVENZYMES because :
It has been taking support .
It has touched the support 2 times and has not been able to break it.
So will be looking at buying opportunities.
If it breaks the support look at shorting
Entry : 363/370
Target : 500
Stop loss : 333
Swing or Positional Trade, for at least 6% returnADVENZYMES is almost ready for a breakout!!! Ascending Triangle pattern.
Buy in Dips between 350-370. Risky traders can buy at current price.
Target 420/450.
Stock is fundamentally strong so i am not giving any stop loss, can hold for long term.
This is my first post, so if it hits the target please support!!!
All levels only for educational purpose.
ADVANCED ENZYMESNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading