Took Support From Major Levels and Broke Swing High.NSE:CCL Today Broke Swing Highs With Heavy Volumes on Back of Excellent Q2 FY 24-25 Results, after taking support from key levels.
On a YoY basis, EBITDA and PBT grew by 24% and 25% to ₹138 crore and ₹87 crore, respectively during the quarter. Rising volumes and value-accretive businesses largely drove the growth in EBITDA. Going ahead, they expect EBITDA growth to be largely driven by volume growth and not margin improvements from a long-term perspective.
NSE:CCL is engaged in coffee production, trading and distribution. The company's business operations are mainly in India, Vietnam, and Switzerland.
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Cclproducts
CCL - Bullish Swing Reversal with VolumesNSE: CCL is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
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CCL - Ichimoku Bullish Breakout Stock Name - Ccl Products (india) 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 477.
#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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CCL Products India Ltd - Retest1. Breakout of previous high to make new 52 W high.
2. Retested the breakout level.
3. Increasing volumes at breakout.
Weakness below 473
Promoters have increased holdings from 46.19% to 46.20% in Dec 2021 qtr.
FII/FPI have increased holdings from 9.21% to 9.29% in Dec 2021 qtr.
Mutual Funds have increased holdings from 15.71% to 16.45% in Dec 2021 qtr.
CCL Products ready for the uptrend!🤩💸🔥Buy CCL Products for Positional Trading as well as Investment.💸🔥💸
Comment your views‼️😄
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💡Management highlighted that for FY22 they have already booked the entire capacity and are now looking to secure orders for FY23, an exceptionally positive situation for CCLP.
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💡It is looking to double the Vietnam capacity from the current 13,500 tones given higher than industry growth for CCLP in Instant Coffee.
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✔️ Technically & Fundamentally Strong💪💪
The company recently posted an Amazing Q3 Result.
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‼️ The stock had given a Multi-Year Volume Breakout in July 2021 and then it was in a retracement phase forming a Rounding Bottom at Multi-year support level. Now with the volume breakout on Daily TF too, we can expect a strong uptrend from current levels.
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Few Important rules from my Trading Philosophy:
1. Don't compromise on the quality of stock.
2. Buy right, Sit tight- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar issues.
3. Don't invest more than 5-10% in any stock & more than 25% in any particular or related sector. If stock is risky don't invest more than 2-3%.
4. Build position gradually as the stock rises.
5. Trade in the direction of the bigger trend.
6. Ride the trend, don't sell your winners early.
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CCL PRODUCTSThis stock has possibly completed 4th wave and now possibly its in a wave 5, also it has witnessed breakout with good volume after sharp fall, now trend indicators are also suggesting towards north direction, so one can go long at current levels of in dips (if any), possibly price is targeting towards 566+.
overall wave counts
key levels are mentioned on chart
macd in weekly
macd in daily
rsi in daily
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
CCL Products Indiashare name : CCL Products India
call type : Poistional - Swing Trade
- Share is consolidating in a good range from a
long time in between price of 421 and 360
- We can see a good breakout in this share
- we can accumulate this share above 421
- Approachable targets :
first target 490
second 575
third 625
Stop loss 355, Risk reward 1:3
Thanks
CCL Prod || Fake Positive Run + Low Volume1.Started with a Daily Time Frame, the zone is multi level support zone which has been tested for more than 5 times.
2.Next we came to 4H time frame and saw the stock is in a down trend and hence looking only for a sell trade.
3.Later we came to Hourly , 30Min chart which gave us the important key levels for support and retests.
4.On 15 Min chart we saw the candle is exactly rejected from a key zone and hence a sell trade would be better option.
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Hi! One should always trade what they see and not what they feel.
I might be wrong or right but what matters the most is how much you are willing to loose...
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