Cera Sanitaryware Limited - Breakout Setup, Move is ON...#CERA trading above Resistance of 10169
Next Resistance is at 11929
Support is at 8690
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.
CERA
Breakout in Cera Sanitaryware Limited...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.
Cera Good to Study NSE:CERA
Good to keep on the radar
Always respect SL & position sizing
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💥Trade Secrets By Pratik💥
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Disclaimer
SEBI UNREGISTERED
This is our personal view and this analysis
is only for educational purposes
Please consult your advisor before
investing or trading
You are solely responsible for any
decisions
you take on basis of our research
CERA for 15% GainCERA for 15% Gain. Rigid at the falling market, all time breakout and near breakout level
CMP : 6700
TG : 7400
SL : Below 9 EMA
Disclaimer : It is my personal view as a trader and for educational purpose only. Equity market involves risk . Please consult your financial adviser before taking any decision.
Strong Break Out Techno Funda Stock - Cera SanitarywareHello Everyone,
Let's have a look at the weekly chart of Cera Sanitaryware, you can see the stock has come out after consolidation in a range (3700-4140) & this week given a stong breakout. You can also have a look on Daily charts which can give you clear picture of range consolidation. The stock is presently trading arround 4500 levels and we can expect the stock to move towards 4934-5265-6900 in coming 6-9 months time.
Strong Rise in Demand expected after Covid-19 unlock & the company is having very good fundamentals most important the company is almost debt free, company reserves are rising every year, rise in EPS is a good sign. Promoter Holding is 54.48%, FII & DII holding about 26% and remaining with public.
So all these factors all together giving us confidence in this company so once can think of investing in this company after detailed study.
The contents posted here are only for Educational Purpose.
If you like this analysis, do like share and post your feedback in the comment.
Cera - Break out or Break down. Vijay Kedia Portfolio stock.Hie, In this portfolio specific series, we talk about some stock which top Indian investors hold.
In limelight today we have Vijay Kedia. He is involved in the market since he was 19. Kedia strictly adheres to SMILE as a principle in investing; which translates into Small in size, Medium in experience, Large in aspiration and Extra-large in market potential. Holding% - 1.04%
CERA SANITARY WARE is a leading provider of complete home solution products -- Sanitaryware, Tiles, Faucets, Kitchen Sinks, Mirrors, Shower Panels, Shower Enclosures and much more.
*Institutional Investors have increased holdings from 25.47% to 25.84% in Dec 2020 qtr.
*Growth in Net Profit with increasing Profit Margin (QoQ)
*A company with Low Debt
*Inefficient use of shareholder funds - ROE declining in the last 2 years
*Inefficient use of assets to generate profits - ROA declining in the last 2 years
For more you can check the stock out on trendlyne.com/fundamentals/financial-ratios/254/CERA/cera-sanitaryware-ltd/
Sources credit:
Trendlyne & Wikipedia.
If you like the analysis, do leave a like and follow for more such content coming up.
The analysis is my POV, in no way it is a buy-sell recommendation. Hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!!
CERA SANITARYWARE- Cypher patternWhat is Cypher pattern ?
Cypher Pattern is a harmonic pattern that has the highest winning rate.
It is a Geometrical pattern, hence make sure it matches all the fibonacci
rules, which are as follows.
AB= 0.382 to 0.618 retracement of the XA swing leg;
BC= extend to minimum 1.272 and maximum 1.414 of the XA swing leg;
CD= retrace to 0.786 of the XC swing leg;
How to Trade Cypher Pattern
Buy when the CD leg of pattern reaches .786 retracement .
Stop loss is to be placed at x point of low.
Target is point A, or .50 or .618 retracement of CD leg.
So here we have an example of Cera Sanitary ware, which has formed cypher pattern on its weekly chart and has reached .786 retracement of XC leg. ie. 2300.
So as per this cypher pattern strategy, buy can be initiated near 2300 levels for a target of 3100 or 3300 levels, with stop at x point. i.e. 1980.
RISK POINTS: 320 POINTS
REWARD POINTS : 800, 1000 POINTS
Since Cypher Patten is a reversal pattern, so trade with strict stop loss.
NOTE: Price action near reversal zone - Bullish engulfing candle has been formed in the reversal zone..