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Carysillong

Carysil: The Stock Ready to Fly?Today, I'm going to tell you about a company called Carysil in a way that's easy to get. 📊 Meet Carysil NSE:CARYSIL started in 1987, making sinks out of quartz and granite. They've been doing it so well that now they're one of the top names in India for these products. But we're not here to talk about sinks; we're here for the exciting stuff - their stock performance. 🔍 Spotting the Pattern: The Rounding Bottom Breakout 🔍 For those new to chart patterns, a rounding bottom is a bullish signal. Carysil's stock has not only formed this pattern but has also broken out to reach new all-time highs. This breakout was accompanied by spiking volumes, a sign that the big players are taking notice. 📈 The Retest: A Second Chance? After such an impressive breakout, Carysil's stock has come back to test the breakout level, but this time with significantly lower volume. This retest offers a golden opportunity for investors and traders to hop on board with a more affordable stop loss, targeting at least a 20% gain from the depth of the rounding bottom pattern. 🌟 Financial Highlights: Numbers Don't Lie Carysil's recent financial performance adds another layer of excitement: Net Sales surged by 36.4% in December 2023, reaching Rs 187.96 crore. Quarterly Net Profit rose by 27.21% in December 2023, hitting Rs. 15.33 crore. EBITDA experienced a 43.5% increase in December 2023, standing at Rs. 36.12 crore. EPS grew to Rs. 5.72 in December 2023, up from Rs. 4.50 in December 2022. Moreover, Carysil shares have delivered a staggering 26.94% return over the last six months and an even more impressive 97.05% over the last year. 🚀 Wrapping It Up: Carysil's Future Looks Bright it's clear that the stock holds promising potential for those willing to delve into its patterns and financial health. The alignment of technical signals with robust financial performance paints a picture of a stock on the cusp of a significant rally. Remember, this is all about learning and not actual investment advice, as I'm not a certified expert. But I love sharing what I find with you all. Lastly, thank you for your support, your likes & comments. Feel free to ask if you have questions. Dive into the market with confidence and remember, in the world of trading, the sky's the limit! ✨ Keep soaring, traders! ✨
NSE:CARYSILLong
by AfnanTAjuddin
Daily Bullish Flag Pattern BO in CARYSIL LTDIntroduction: The Acrysil Group was founded in India in 1989, by Ashwin M. Parekh. We produced our first kitchen sink with a technical collaboration with Schock & Co., Germany - an established world leader. 30 years later his son, CMD Chirag A. Parekh, has lead Acrysil into becoming one of the largest producers of quartz kitchen sinks in the world, under its brand Carysil. In addition to being one of the world leaders in producing sinks, Carysil’s global experience, and expertise have naturally lead us to diversify into other kitchen products. We now produce stainless steel sinks, faucets, food waste disposer units; and kitchen appliances such as hobs, cooktops, ovens, wine chillers and dishwashers. Presenting the world's first 100% green sink manufactured using environmentally friendly materials. It is a bio coated quartz sink with materials such as spinach, sandal, turmeric, beet root and more. The natural fibre is recycled resin. Analysis A Bullish Flag and Pole pattern is visible on the Daily chart of NSE:CARYSIL . The Flag and Pole pattern is a bullish continuation pattern and it is visible in charts after a meaningful appreciation in the price. MACD gave Positive crossover on Daily, Weekly and Monthly chart. So, expecting the momentum to continue. One can create a fresh position in the scrip near Rs. 855-875 levels with the stoploss of Rs. 785 on Daily closing basis for the following targets 896.10, 919.20, 946.45, 966.75, 989.15, 1001.95, 1029.15, 1045.85, 1068.10,1083.55 and 1098.10 Risk Disclaimer: The trading ideas and analyses presented here are for educational purposes only and do not constitute financial advice. Trading and investing in financial markets involve risk. You should carefully consider your own financial situation, risk tolerance, and investment objectives before making any investment decisions. The information provided in this analysis is based on my personal interpretation of market conditions and the available data at the time of writing. It is subject to change without notice, and I cannot guarantee the accuracy, completeness, or timeliness of the information provided. Trading and investing carry the risk of substantial losses, and past performance is not indicative of future results. Always be aware that markets can be unpredictable, and prices may move against your trade or investment. It is advisable to seek advice from a qualified financial professional and to conduct your own research before making any investment decisions. You should only invest funds that you can afford to lose. I am not responsible for any trades or investments made based on the information presented in this analysis. By reading and using this information, you acknowledge and accept that you are solely responsible for any losses you may incur.
NSE:CARYSILLong
by raigvivek