Beautiful Price Action With Good Q2 Numbers.NSE:BANCOINDIA Posted Good Q2 Numbers for FY 24-25 with Margin Expansion. It manufactures and supplies engine cooling modules and systems for automotive and industrial applications in domestic and international markets.
Results Snapshot:
QoQ Sales: 11.3 %
QoQ Profits: 102 %
YoY Sales: 23.5 %
YoY Profits: 110 %
OPM%: 23%
Currently Trading at 17.4 times P/E. with Book Values/Share of 4.72.
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BANCOINDIA
BANCOINDIA Ready to FlyHey Family, there is a one more stock Which is showing a great opportunity.
Key Points:-
* Formation of Ascending Triangle Pattern in Daily TF.
* From Jan 2024 to July 2024 its in 200 Points range.
* From Jan 2024 to July 2024 Tested & Moving Near Resistance Many times.
* It's Break resistance Zone and trying to Sustain above Resistance Zone with good volume.
* Volume Accumulation (Volume is Highest Ever After August 2023 big move).
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Banco Products (i) Limited - Long Setup, Move is ON...#BANCOINDIA trading above Resistance of 637
Next Resistance is at 860
Support is at 415
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
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.
Banco Products (i) Limited - Long Setup, Move is ON...#BANCOINDIA trading above Resistance of 415
Next Resistance is at 637
Support is at 277
Here is previous chart:
Chart is self explanatory. Entry, Resistances and Support 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.
BANCOINDIA - Ichimoku Bullish Breakout Stock Name - Banco Products (i) Limited
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 274
#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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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.
BANCOINDIA :: LONG (Bull Flag Breakout / Retest)Initial buy :: 185 - 195
Initial S/L - 175
Add more near 210-215 (if price sustains or retraces)
Trail using SuperTrend Indicator
Use FIB Levels or Channel Top for Target reference..
Reasons for increased probability::
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-- RSI breakout and Price / RSI are making HH & HL
-- Price broke the bullish flag pattern with decent volumes and retested.
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Caution : Smallcap Auto stock... Prefer allocating <5% of your capital.
This is just a probability and trade only if you know about "Risk Management".
Consult your financial advisor to know more about the risks associated with buying / selling shares.
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