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ATH

#StockMarket #StockIdeas #StocktoWatch #StockToBuy #positionalINDIAN HOTELS Stock after correcting from recent highs, taking good support from 50% fibo level & Stock currently trading at its ATH levels, Watch out for breakout above 237/240 levels, if sustain on closing basis Then good opportunity for 5-10% move Also can be kept in watchlist for Intraday breakout on Hourly Closing basis ---- Note: Above levels are for education purposes only Do your own analysis before taking any trade
NSE:INDHOTELLong
by Jordan_n-
ASALCBR is a good Medium Term BetASALCBR Associated Alcohols & Breweries Ltd Chart Structure: - After listing in Feb'20, the stock is in an upward trend since Mar'20 - Stock right now is consolidating after making an All-Time High. - During the consolidation, the stock has taken support multiple times near previous resistance and Avg. Buy price of last Huge Accumulation. Volatility Contraction: - In Day TF, price is forming a triangle pattern. - Stock's Volatility is contracting. As before it was pushed down 20% after making ATH. - Stock rose up again from the support area, and this time it was pushed only 11% down, hence creating a Triangle Pattern. Relative Strength: - Stock is outperforming its sector & Nifty50 in 3m, 6m & 1y TF. It is underperforming in lower tf due to stock being in consolidation. - Stock has turned RS+ again on 8th Oct and is keeping above Laxman Rekha. - Spread chart of the stock has formed a triangle pattern and is near a breakout. Volume Activity: - Stock saw huge Volume Activity from 4th to 12th October 2021. - In that period 14.76 lac shares were delivered with an average of 1.84 lac shares/day with an average buying price of 548/- - Previous average deliveries were 37k shares/day. Financial Performance: - Stock beat its QoQ & YoY Quarterly numbers in Q2. - Sales Growth +50% QoQ & +21% YoY - PBT Growth +36% QoQ & +6% YoY - EPS Growth +41% QoQ & 8% YoY Fundamental Notes: - The company plans to expand its capacity from 45 MLPA to 90 MLPA. The project is expected to be completed by June-2022. That means the Co. will see the double output in 7-8 months. - Company Distil, Blend, Bottle & Market are some of the key brands of United Spirits such as Bagpiper, Blue Riband, Flavored Mischief, Director's special gold & McDowell's Rum. - The contract of this franchise has been extended up to April 2025. - Some other brands which are produced under contract manufacturing are Black Dog, Vat 69, Black&White, McDowells, Royal Challenge, Signature, etc.
NSE:ASALCBRLong
by AmanSaraf
Good Long Opportunitystop loss and target levels are mentioned in the chart . sl is on eod closing basis . follow position sizing and proper risk management . a good flag and pole breakout happening in suppetro . but more important than any chart pattern u can see that this stock is continuously following 50 ema from 2020 lows and has rallied to these levels by taking support everytime on 50 EMA . FOR the first time it closed below 50 ema but now it has again given breakout of 50 ema and as well as retested it and also retested the trendline so now we can hope for a good upmove making new highs in recent future . Volume also seems to be increasing after a good consolidation in tight range .
SLong
by Deepak_yadav02