LOYAL EQUIPMENTS - BREAKOUT!!!BUY - LOYAL EQUIPMENTS LIMITED
CMP - Rs. 69
Target - 1: Rs. 93
Target - 2: Rs. 105
Target - 3: Rs. 140
.
Max Return - 102%
.
.
Technicals - Cup and Handle Pattern
.
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.
.
.
This is just a view by an expert analyst, please invest at your own risk.
.
Follow me for more!
Cupandhandlepattern
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
ABBOTINDIA : CUP & HANDLE PATTERNAs I mentioned earlier, Don't Miss to catch this fish. The stock is currently moving up , after completing CUP n HANDLE Patter and taking support @ 22345.00 . Those who missed this stock earlier, the stock is providing a good opportunity to them again. The stock is at support , and at CMP i.e. 22733 is right time to enter the trade. for primary target of 24717.00 and we may see a new high thereafter.
Currently this stock is with Low risk and high Reward and best stock to invest for the time being, with 20 EMA crossing over 50 EMA.
This post is only for education purpose. Kindly trade at your own risk.
Good Luck !!!
MANAPPURAM FINANCE - 87% RETURNS!!!BUY - MANAPPURAM FINANCE
CMP - Rs. 130
Target - 1: Rs. 157
Target - 2: Rs. 209
Target - 3: Rs. 264
.
.
Technicals -
1) Cup and Handle Pattern BO
.
.
Fundamentals -
Manappuram Finance Limited is a retail credit product and financial services provider in India, primarily through its gold loan business.
1) According to the company's financial snapshot, the Price to Earnings Ratio and EV to EBITDA ratios indicate that the company is undervalued.
2) The Debt-to-Equity ratio has decreased, and the book value has increased. The company has seen a steady increase in total assets for the last three years, along with a good return on equity and a good net margin.
.
.
This is just a view, please trade at your own risk.
.
.
Follow me for more!
HDFCBANKHDFCBANK:- Cup and handle pattern has formed, wait for breakout, plan something only after breakout, till then keep an eye
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.