Cupandhandlepattern
ADVANCED ENZYME TECH - 105% RETURNS!!!BUY - ADVANCED ENZYME TECHNOLOGY LTD
CMP - Rs. 289
Target - 1: Rs. 385
Target - 2: Rs. 475
Target - 3: Rs. 590
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Technicals - Cup and Handle Pattern
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Fundamentals -
Advanced Enzyme Technologies Limited is engaged in the business of manufacturing and sales of enzymes.
1) The company is almost debt free.
2) The company has been maintaining a healthy dividend payout of 19.5%.
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A) Market Position -
The Co. is the 1st Indian enzyme company with 2nd highest market share in India. It is the 2nd listed integrated enzyme player globally.
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B) Product Portfolio -
The company manufactures and markets over 400+ proprietary products developed from 68+ enzymes and probiotics. It has approx 13 patents in its name.
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C) International Presence -
The Co. is present in more than 45 countries in the world and caters to more than 700 customers worldwide. The geographic split for FY22 is as follows:
India - 44%
Americas - 40%
Europe - 6%
Asia (Excluding India) - 7%
Rest of the World - 3%
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D) Business Segments -
Human Healthcare (68% of revenues)
The company provides proprietary enzyme products and customized enzyme solutions to various pharmaceutical and nutraceutical companies in India, North America, Asia (ex-India), Europe, and other countries globally.
Animal Nutrition (11% of revenues)
It provides enzyme-based feed additives for the animal nutrition industry, mainly catering to poultry and swine. Animal Nutrition product offering enables animals to maximize the nutrients they absorb from the feed which helps the customers to reduce the feed costs.
Industrial Bioprocessing (12% of revenues)
The company produces non-food processing enzymes for various industries such as textiles, leather, detergent, and pulp & paper, which are used in the manufacturing of a wide range of products. It also produces food processing enzymes which are essential for enhancing food and beverage products.
Specialized Manufacturing (9% of revenues)
In this segment, the Co. manufactures products based on effervescent technology. These effervescent products extend solutions in Nutraceutical, Pharmaceutical, Bakery, Washing solutions, and other Speciality products.
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This is just a view by an expert analyst, please invest at your own risk.
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LOYAL EQUIPMENTS - BREAKOUT!!!BUY - LOYAL EQUIPMENTS LIMITED
CMP - Rs. 69
Target - 1: Rs. 93
Target - 2: Rs. 105
Target - 3: Rs. 140
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Max Return - 102%
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Technicals - Cup and Handle Pattern
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Fundamentals -
Company has reduced debt.
Company is expected to give good quarter.
Company has delivered good profit growth of 24.7% CAGR over last 5 years.
Company's working capital requirements have reduced from 204 days to 139 days.
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This is just a view by an expert analyst, please invest at your own risk.
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HATSUNHATSUN:- Cup and handle pattern has formed, wait for proper breakout, plan something only after that, till then keep your eyes on the stock.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
GNFC buy signal, weekly timeframe.GNFC is developing a Cup and Handle pattern, which is a bullish pattern on weekly/monthly charts, indicating strength.
Moreover, company fundamentals are also very good with zero debt and healthy ROCE.
Price has started moving towards bullish territory but please do keep a strict stoploss and adequate position sizing.
KIRLOSIND KIRLOSIND :- Cup and handle pattern is formed, plan something only after proper breakout, till then keep your eyes on the stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Zydus Lifesciences - Daily. CMP 444After a 200 EMA cross, it again tested 200 EMA and has bounced back forming a Cup and Handle on charts.
Above 454 closing, expect targets of 487-511-532-572-650.
SL would be a closing below 390 on daily charts.
Always use trailing SL in your profitable trades.
*This is just a view, trade at your own risk.
Powergrid Cup & Handle PatternPowergrid has formed cup & handle pattern on hourly chart.
Entry:
We can go long after close of strong bullish candle above the neckline.
Stoploss:
We can keep the stoploss below the neckline.
Target:
We can keep target near the next resistance zone as marked on chart.
Please like and follow.
GLENMARK- Squeeze Buy!GLENMARK
Attached: Daily Chart as of 31st March, 2023
Bullish Opportunity in Glenmark is clear as Price has Not Only given a CLASSIC CUP & HANDLE BREAKOUT
BUT IT is also accompanied by a Squeeze Buy Signal aka the Squeeze Release !
(Note: Squeeze is a volatility and momentum indicator introduced by John Carter, which capitalizes on the tendency for price to break out strongly after consolidating in a tight trading range. The volatility component of the Squeeze indicator measures price compression using Bollinger Bands and Keltner Channels. If the Bollinger Bands are completely enclosed within the Keltner Channels, that indicates a period of very low volatility. This state is known as the squeeze. When the Bollinger Bands expand and move back outside of the Keltner Channel, the squeeze is said to have “fired”: volatility increases and prices are likely to break out of that tight trading range in one direction or the other.)
CMP= 464.7
Targets🎯:
T1= 500
T2= 550
Stop Loss⚠️:
below 445, which is Breakout Candle Low