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Arvindsmartspace

ARVSMART - Breakout and Potential RetestIn this technical analysis article, we will examine the recent breakout of ARVSMART and discuss the possibility of a potential retest. It is important to note that this analysis is for educational purposes only and I am not a SEBI registered analyst. If you find this analysis helpful, please like it and leave your comments with any observations you may have. 🚀 Breakout Analysis 🚀 ARVSMART displayed a beautiful breakout on June 1, 2023, accompanied by a strong bullish candle and significant volume. The stock reached an all-time high level, indicating bullish momentum. Now, it appears that the stock might be retracing the breakout with very low volumes, providing a potential entry opportunity. 💡 Entry and Stop Loss Levels 💡 To plan our entry, we can look for a retest above the 75-minute demand zone around 350.6. If the price surpasses this level, it could signal a continuation of the upward trend. However, it is crucial to manage risk effectively. Therefore, it is recommended to set a stop loss below the 75-minute demand zone to protect against potential losses. ⚡ Maximizing Profits ⚡ Since the stock is trading at all-time high levels, it is advisable to trail the stop loss to secure profits in case of further upward movement. This strategy allows traders to lock in gains while still participating in potential future growth. 📚 Key Terms Explained 📚 Breakout : A price movement that surpasses a significant level of resistance or support, often indicating a potential change in trend. Retest : The act of revisiting a previously broken support or resistance level, which may serve as a confirmation of the breakout. Demand Zone : A price range where buying interest is likely to be strong, potentially acting as a support level during price declines. Stop Loss : A predetermined price level at which traders exit a trade to limit potential losses. 🙏 Appreciation and Call to Action 🙏 Thank you for your support, likes, follows, and comments. Your encouragement keeps me motivated to consistently provide valuable analysis. If you find this analysis helpful, please follow me on TradingView for more articles and trade setups: in.tradingview.com 💭 "Trade with confidence and embrace the journey to success!" 💪🚀
NSE:ARVSMARTLong
by AfnanTAjuddin
Arvind SmartSpaces Breakout1. Buy or Sell at your own risk 2. Don't risk more than 1%-2% of your capital as stop loss 3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price) 4. Sell on RSI close below 30 (or use any other method of your liking) 5. Some other ways to sell stocks can be a. 25% or 50% up in three weeks or less b. Weekly tailing tops with high volume c. Exhaustion gaps d. Heavy daily volume without further upside e. Largest one day price drop After a consolidation since November 2021, NSE:ARVSMART has given a breakout today. Buy with a stop just below ₹220. (One can use the low of the previous bar/supertrend indicator/previous support point/fixed percentage from the buy price as stop loss also) Strengths: - 1. Quarterly sales growth is at 124% and quarterly profit growth is at 219%, TTM sales growth is at 75% and TTM profit growth is at 86% 2. Debt to equity at 0.07(less than 1 is good), Interest Coverage at 4.66(greater than 3 is good), Current Ratio at 1.59(greater than 1.5 is good) 3. India Ratings and Research (Ind-Ra) has upgraded Arvind SmartSpaces Limited’s (ASSL) Long-Term Issuer Rating to ‘IND A’ from ‘IND A-’. The Outlook is Positive. Weaknesses: - 1. Stock is trading at 2.57 times its book value 2. The company has delivered a poor sales growth of 10% over the past five years 3. The company has a low return on equity of 8% for the last 3 years 4. Promoter holding has decreased over the last 3 years: -5.58% Disclaimer: I am not SEBI Registered. Do trade or invest at your own risk, I am not responsible for any losses and won't claim anything from your profits either. Take financial advice from your advisors before jumping in.
NSE:ARVSMARTLong
by akashbothra