Only Fundamentals analysis to enter in This stockStock is Beaten down and still revenue is all time high
Company looking for extension
That aggressive sell due to high PE ration and all thing almost flat and it is looking to breakout
Hold it and enter this stock for big targets
CMP is 30.10
make SL of 26
target is big
32-35-38
if this stock cross all these level we can see almost 80% upside for target of 40-45
(keep in Mind Chart can look bad but if stock fundaments are good it can easily move for upside )
Axitacotton
AXITA COTTON
I suggest buying Axita cotton at its current price, with a stop-loss placed at 28.80. This means if the daily candle closes below that price, it would be a signal to exit the trade. In the short term, we can expect a target of 39.50. It's important to note that the stock price has recently increased after the board approved a bonus share issue in the ratio of 1:3. ratio. This means that shareholders will receive an additional share for every three shares they currently hold.
Remember
"Trading is not about making quick profits; it's about managing risks and waiting for the right setup to present itself." - Peter Brandt
AXITA - Ichimoku Bullish Breakout Stock Name - Axita Cotton Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 62
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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Axita Cotton Limited AXITA:- Rounding bottom pattern is formed wait for the breakout till then keep your eye on the stock
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.