Banco Products A nice symmetrical triangle breakout with volume.
Target zones are marked in green.
Stoploss as per risk appetite.
Banco
Cup and Handle in Banco!Chart -> Banco Products Daily
Fresh Cup and Handle breakout with new high and good volume can drive the momentum.
CMP: 760
Good Range To Buy: 725 to 760
Targets: 799, 839 and more
SL: 680 Daily Close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
BANCO INDIA- Breakout CandidateBANCO INDIA has given a breakout on daily chart after a long consolidation of almost 4 months.
We can see good volumes below with RSI (14) above 60.
Weak below 203. Possible resistance- 265/270
Solid breakout in Banco ProductsChart -> Banco Products(BANCOINDIA) Daily
CMP: 256
Good Range: 245 to 255
Targets: 290, 312
SL: 236 Daily Close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
#CC BANCO INDIA- Inv Head and ShoulderInverted head and Shoulder Pattern on the weekly chart.
The stock has been taking resistance at 2 major trend lines. Going forward also, these resistances will be profit booking areas.
A huge accumulation of smart money + good results suggests this stock can go big.
Q1 FY2021-22 Q4 FY20-21
Total Income ₹ 508.77 crs ₹ 445.82 crs Up 14.12%
Net Profit ₹ 45.90 crs ₹ 18.39 crs Up 149.59%
EPS ₹ 6.42 ₹ 2.57 Up 149.81%
Q1 FY2021-22 Q1 FY2020-21
Total Income ₹ 508.77 crs ₹ 275.60 crs Up 84.6%
Net Profit ₹ 45.90 crs ₹ 17.56 crs Up 161.39%
EPS ₹ 6.42 ₹ 2.46 Up 160.98%
BANCO PRODUCTSFundamentally good stock.
Has the potential to reach the targets sooner than later.
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