Weekly chart
Nice H & S cum Cup pattern breakout post which consolidation in the form of flag pattern has happened.
Final breakout has pushed the stock past previous swing high.
Target 825 plus
Stop 635
CMP 1897.
Monthly chart.
Medium to long term technical view.
Historically, after each breakouts post consolidation, stock has given returns in the range of 26% - 57%.
Current breakout at 1800 should atleast give a return of 26% which gives a target of 2268 plus.
A pure consumption play ,resting at major resistance of 1121 , above which can see 1540 in next 8-12 months . numbers are positive and debt is reducing . No need to rise in salaries or income. simple funda , stockdada.com
Weekly chart
cmp 102
Downward resistance line breakout with huge volumes.
Stochastic divergence propelled the upmove leading to breakout.
Stop at 78.
Conservative Target at 140 plus.
Fundamentals:
Profitability :
Current RoE at 35% ; Last 3 years avg RoE at 26%; indicates current performance better than past performance.
NP
Cash generation:
CFO at Rs 29cr ;...
ITC, closed at 261.75, today, now I’m expecting that as it breaks 266.30, it’s a great level to enter in a long position for target price 307-308, followed by 284, and 296
CMP 569 , forming a flag pattern on daily charts , above 596 -600 see a good spike and finally wil settle at 840++ levels. company with consistent profit growth of 21.60% over last 5 yrs will see good growth with the new infra play. think simple stockdada.com
Technical details:
1) Stock has last week broken out of an one and half year downward channel with huge volumes and reached a high of around Rs 420.
2) In that process stock's 30 day ema has crossed 200 day ema.
3) CMP is around 385.
Fundamental details:
Profitability:
1) Current RoE at 47%; Average 3 year RoE at 46.5%; Average 5 year RoE at 35%.
2) QoQ proit...
Round bottom / Cup formation in progress.
HH and HL formation suggests upward momentum.
Broad RH and RS pattern adds more conviction on the long side.
Stop 525.
Target 650 plus.
step by step , just looking to crawl back slowly and steadily to next zone. Current news on logistics getting Infra player status will help it go higher. see 115- 120 level in next 12-18 months
