Amrutanjan cmp 809 by Monthly Chart viewsAmrutanjan cmp 809 by Monthly Chart views
- 820 to 850 Resistance Zone Price Band
- Stock has formed Bullish Rounding Bottom with neckline at Resistance Zone
- Price attempting closure above Resistance over past 2 months but failing out
- Volumes are seen rising exponential over past 2 months then the earlier months
AMRUTANJAN
Amrutanjan Health Care Ltd | Momentum stockAmrutanjan Health Care Ltd
AHCL has been manufacturing ayurvedic balm for pain management since 1893, and is currently managed by the third-generation of promoters. The company is more than 120 years old and is into OTC products in the segments of pain management, women's hygiene, and packaged fruit juice drink.
Fundamentals: strong
Market Cap₹ 2,238 Cr. Current Price₹ 774 Stock P/E 50.8
ROCE 19.3 % ROE 14.3 % Debt to equity 0.00
Promoter holding 50.6 % Industry PE 29.3
Quick ratio 2.86 Current ratio 3.22 Piotroski score 5.00
Profit Var 3Yrs 16.6 % Sales growth 3Years 13.2 % Return on assets 11.2 %
This stock is fundamentally strong stock as well as its in momentum with high volume.
keep eye on it and do more research on it.
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Amrutanjan gap up weekly basis Amrutanjan finally gave a gap up move on a weekly basis .
Had been long since falling from Nov 21.
Finally a good pattern formed that can show some good momentum.
Levels I am looking at is 688 as immediate resistance and then 747 which is the black line on the chart is a good resistance. If it breaks that and sustains then up levels can be 841-902-989-1014 with base levels of 613-591-557.
It will also come down to fill that gap formed recently so its a longer horizon to look for.
No recommendations, just my view based on chart pattern and momentum.
Amrutanjan Healthcare Ltd - 17.06.2022Amrutanjan Healthcare Ltd - 17.06.2022
The stock is trading @ 790 levels
The prices are at SUPPORT Zone
There is a HAMMER at SUPPORT in Daily Chart
Watch out for the price action
There is a MACD Bullish Divergence in Weekly Chart
There is a STOCHASTIC Bullish Divergence in Weekly Chart
Let the prices go above 828
AMRUTANJAN AT SUPPORTVanakkam Makkale. Amrutanjan bounced back from support of the trendline so expecting good upside from the scrip. But as i always say whatever we do must follow risk rewrad and money management. I personally lokoking to enter at lower levels according to market condition because dont forget that market is in bear territory. Have a profitable trade.
Comments your thoughts below and have any questions means kindly type below.
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Breakout in Amrutanjan Health Care...Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
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.
AMRUTANJAN HEALTH - Trend is your FRIENDThe chart is self explanatory 😊
Disclaimer : The opinions and analysis expressed herein are for informational and educational purposes only and should not be considered as individual investment advise or recommendations. I am not your financial advisor. Risk it for Biscuit.
Viewer's Query : Amrutanjan @ 339 || 29-May-20 || 01-HRAmrutanjan @ 339 || 29-May-20 || 01-HR
- Is it preparing for an upward level ?
- Let see the price action - BUY once it crosses 347
- Only caution is MACD - so watchout how MACDline functions till the time breakout comes.
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Amrutanjan Healthcare: Awaiting BreakoutLooks like a nice Wyckoff Re-Accumulation. Notice the steady drop in volume as the range progressed. This is a typical sign of accumulation. Sellers dry up as buyers lap up available supply. Notice the spike in volume in the current bar. Indicates buyers are getting aggressive.
A breakout past the top of the range at 540-ish would be a sign of strength and would push the stock in a mark-up phase.