LAURUS LAB By KRS ChartsDate: 21st Aug 2024
Time: 9:32 AM
Why Laurus Lab?
1. Correction Wave was finished with 5th wave low in Mar 2023, after that it gradually moving up and made upside channeling.
2. Currently price is sustaining above 100 EMA and likely to reversed from that too. 🤞
3. why I'm keen to post L Lab is because along with both above points its likely to close and try to be making Morning Star at bottom in 1W TF.
Lauras Lab is at better price at this level with Future Targets of 525 and 605.
SL would be flexible Weekly Closing Below 100EMA
Once Morning Star Closing will confirm at end of this week this trade will Activated 🎇
Community ideas
Dollar Index (DXY) 2024-2025 Elliottwave Cycle As shown in the chart from Years 2008 to 2022 5 wave cycle from $71 to $115 is completed.
After five waves there is an ABC correction.
Here we can see five impulse waves inside the "A" wave so it may Zig-Zag ABC Correction. We know Zig-zag correction's "C" wave is fast and deep.
Forecast of "C" wave 123.6%(A) is near $89 &
161.8%(A) is near $85. So the DXY may Bear up to $89 or $85.
RML (RANE MADRAS) BREAKS 6-YEAR RESISTANCE TO TRADE AT NEW HIGHSRML (RANE MADRAS) Made over a 6-year resistance breakout today on strong volume. Monthly vol is already higher than that of the last month. Its momentum (RSI), & relative performance to Nifty, both are strong.
On this monthly chart RSI is strongly moving above 60, and the RS Line is rising above its 52-week MA. If the momentum sustains the stock can make some strong up-move.
No recommendation. Only personal analysis for educational purposes. Please consult your Financial Advisor for any buy or sell decisions in the stock market.
Finnifty - Aug 20Movement was choppy today. 22900 acted as support so far. Patterns seen in chart are channel formation which can be taken as bull flag also.
Buy above 23020 with the stop loss of 22980 for the targets 23060, 23120, 23180 and 23240.
Sell below 22880 with the stop loss of 22920 for the targets 22840, 22800, 22760, 22720 and 22680.
Check the live market updates.
Hit the like button to Rock !! Show some energy !!
Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
#Nifty directions and levels for August 20th.Good morning, friends! 🌞 Here are the directions and levels for August 20th.
Market Overview
There haven't been any major changes in the global or local markets. Global markets have a bullish sentiment, while our local market shows a moderately bullish sentiment. So, today the market may open with a neutral to slightly gap-up start, as the SGX Nifty indicates a positive 25-point move as of 8:00 AM.
In the previous session, Nifty closed with consolidation, so the previous sentiment may continue today as well. However, I will explain it simply. First, let's look at an alternate variation.
Alternate Variation:
The previous pullback was strong, that indicating a bullish trend. So, if the market breaks the previous high solidly or after some consolidation, we can expect the rally to continue. This is our alternate view. In this case, if the breakout has a solid structure, then the upcoming rally could be a long one, structurally forming a "flag pattern." On the other hand, if the breakout occurs with low volume, meaning if it breaks with some grinding, the upcoming rally could be smaller.
Current View:
The current view is similar to what we saw in the last session. If the market finds support at the immediate support level, it may continue to consolidate, and if this happens, it could break upward. But if it breaks the immediate support level strongly, then we can expect the correction to continue.
#SEQUENT - Rounding bottom pattern formation#SEQUENT - SEQUENT SCIENTIFIC LTD
Trade Type - Long Term ( 6 month 18 Month)
Trade Logic - Stage 2 breakout (Rounding Bottom)
CMP - 146.30
Target 1 : 157
Target 2 : 203
Target 3 : 230
Target 4 : 277
Stop : 98.5
Disclaimer: The stock information shared above is not a recommendation to buy, sell, or hold. It reflects my own analysis and is intended solely for educational purposes. Any actions you take based on this information are your responsibility, and the admin of this channel is not liable for any financial gains or losses. Please consult a financial advisor before making any investment decisions. I am not a SEBI-registered advisor.
Dalmia Bharat sugar (19 Aug 2024)Dalmia Bharat sugar (19 Aug 2024)
Monthly chart
since listing (October 2010) stock is consolidating around 45 to 50 months before breakout.
Now it is consolidating since last 47 months. We can expect good breakout in few months.
Disclaimer- This chart is only for learning purpose. It is not for trade.
#OBEROIRLTY ... Swing trade ideaTrade setup and detailing
1. **Price Channel**: The stock has been trading within a well-defined upward sloping channel and has consistently respected the lower and middle boundaries of this channel, indicating a strong trend.
2. **Support Levels**: The stock is currently closer to the middle or lower portion of the channel, which could act as a support zone for the price.
3. **Stop-Loss and Target**:
- **Target**: Marked at ₹1,872.00, representing a 5.77% upward move .
This target is in alignment with the resistance near the upper boundary of the channel.
- **Stop-Loss**: The stop-loss is placed at ₹1,724, which is about a 5.66% downside risk. This level likely corresponds to a key support level near the middle boundary of the channel.
4. **Risk-Reward Ratio**: The risk/reward ratio is slightly equal 1:1, which indicates taking on similar levels of risk and reward. However, the overall uptrend in the channel strengthens the possibility of the price reaching your target.
5. **Bullish Trend**: The long-term trend remains bullish as the stock is in a rising channel, which reinforces your expectation of an upward move. The previous swing lows and highs suggest momentum is on the side of the bulls.
### Conclusion:
Expecting a continuation of the uptrend with a potential target around ₹1,872 followed by ₹1,931 , using the support from the middle channel boundary. Maintaining stop-loss at ₹1,715 helps manage risk effectively if the trend weakens.
Overall, the structure suggests a positive outlook, with a move towards the upper channel boundary being the next logical step in the price action.
Sequent - Cup and Handle formation - Best above 158Sequent Scientific had Superb set of Results (₹ in Mlns)
YOY (qtr)👍
REV⬆️₹3902 vs ₹3332
PBT⬆️₹120 vs ₹-556
PAT⬆️₹90 vs ₹-346
EPS⬆️0.26 vs -1.4
QOQ (qtr)👍
REV⬆️₹3902 vs ₹3612
PBT⬆️₹120 vs ₹26
PAT⬆️₹90 vs ₹12.7
EPS⬆️0.26 vs -0.04
The Stock is forming Cup & Handle Pattern with turaround from this quarter.
The stock can be added above 158 for Targets of 220/280/340
Strict stoploss of 132.
Disclaimer : Educational Content. Please do your own research.
PANACEA BIOTECH LTD LONG ANALYSIS 15 AUG 24 Investment type : Short term (2-5 months)
CMO- 164.32
R:R = 1:3
Pattern formed : Rounding bottom
Expected Gain : 10-22 %
Bullish levels :
level 1 : 178.86
level 2 : 201.67
level 3 : 232.18
level 4 : 277.65
SL : 130.00
This tech. analysis is purely for education purpose only we did not recommend to invest as per our analysis.
For investment plz consult financial advisor .
A simple guide to coming up with an investment OpportunityHello,
1. Understand the Business
Before committing your money to any investment, the first and most crucial step is to thoroughly understand the company you’re considering. Below are some of the things you carefully need to look at.
Business Model: Start by breaking down the company’s business model. How does the company generate revenue? What are its primary products or services? In our case here;
Adani Wilmar Ltd. provides edible oil, vanaspati and specialty fats. The firm offers vanaspati, packed basmati rice, pulses, soya chunks, besan and specialty fats, lauric range products, castor oils, oleo chemicals and non-GMO soya products.
More analysis on the revenues & expenses of the company is also very key. All this data can be found on the Tradingview website under financials.
Once you have understood the companies moat, now its time to move to technical analysis.
Technical analysis is a method used to evaluate and predict the future price movements of financial assets, like stocks, by analyzing past market data, primarily price and volume.
Technical analysis is very important since all market information has been priced in the stock market price. Below is a past chart for the company adani Wilnar.
The chart shows that the company has moved from the bottom to the top and back to the bottom. From our Tradingview chart it's possible to identify the trend as well as the time used for each move. This will be very key as we build our trading bias. From our chart, its easy to see the time taken for each move and the highest/lowest prices.
Our chart easily communicates that the stock has been on a sideways move for over 500 days. Very key to note is that the stock is also trading at the bottom. This makes it at a great buy point.
Next is to identify the patterns forming on the chart. In our chart the stock is forming a corrective wave for a buy to the upside. My buy areas would be around 320 with my first target at IRN 500. I shall relook at the stock once we hit those areas.
Recommendation
Based on the analysis, consider buying Adani Wilmar Ltd. stock at around IRN 320, with a target to sell at IRN 500. Monitor the stock closely, especially as it approaches the target, to reassess your position.
Good luck!
ATHER INDUSTRIES LTD - Go Long above 920Can go long above 920 after a candle close
In consolidation around 800 to 900 for around 1 year with cup and handle pattern in Daily timeframe.
Take minimal risk. Since Market is in correction mood for been a month now.
Stoploss - Mentioned in the Chart.
Target - TP1 and TP2 mentioned in the chart.
ANGELONE
The stock has witnessed almost a 50% drawdown from its all time high, similar to its past major correction.
The Weekly RSI has also come its Oversold level.
Price is consolidating near its Key support level around 2000.
A breakout above the down-sloping trendline resistance would confirm strength in the stock.
However, break of 2000 would keep on-going downtrend intact.
Unlocking Potential: ELGIEQUIP's Bullish Reversal Signal
In the world of trading, spotting key opportunities can make a significant difference. Today, we'll dive into an exciting analysis of ELGIEQUIP, focusing on its current position and what it signals for future price movement.
Key Technical Analysis
Daily Demand Zone 📉: ELGIEQUIP has recently reached a significant daily demand zone characterized as a Rally Base Rally (RBR) .
SMA 200 Support 📊: The stock is currently trading around its daily 200-SMA (Simple Moving Average). This key moving average often serves as a strong support level.
Polarity Action 🔄: The current level of ELGIEQUIP was previously a resistance area. According to the principle of polarity, resistance turning into support can be a powerful signal. This transformation adds to the strength of the current support zone.
Up Sloping Trendline 📈: ELGIEQUIP is also at an up-sloping trendline where the price has historically found support. This trendline further reinforces the potential for a bullish reversal.
Volume Analysis 📉: A critical observation is the declining volume on both daily and weekly timeframes. Lower volume during a downtrend often suggests reduced selling interest, hinting at a potential price bounce.
Trade Setup and Strategy
Given these factors, ELGIEQUIP presents a low-risk, high-reward trade opportunity. The confluence of demand zone support, SMA 200, trendline support, and low selling volume suggests a strong potential for a bullish reversal. Traders can aim for a minimum target of 1:2 reward-to-risk ratio, making this setup an attractive proposition.
Conclusion
In summary, ELGIEQUIP's technical setup aligns well with a potential bullish reversal. Remember, trading is about managing risk and seizing opportunities wisely. 🚀
Thank you for your support . Feel free to ask if you have questions.
“Success in trading comes from consistent discipline and strategic planning.” This analysis is for educational purposes only and is not a recommendation. I am not a SEBI registered analyst.
LUPIN THE NEXT PHARMA KING The stock has been forming an reverse cup and handle pattern implying the cup is of short duration while the handle is larger than cup , since 2015 during which it formed various small patterns highlighted on the chart for analysis purpose
2121 is an crucial resistance which remained untouched since 2015 but fast forward to 2024 it is attempting to breach it , upon breaching the stock can give unprecedented rally and rush towards the 3600 mark
Fundamentals of the stock are supporting the technicals which makes it a best buy
FORTIS is ready to move 17-20 % AheadHey Family, there is a one more stock Which is showing a great opportunity.
Key Points:-
* Formation of Ascending Triangle Pattern in Daily TF.
* From June 2024 to Aug 2024 its in 80 Points range.
* From June 2024 to Aug 2024 Tested & Moving Near Resistance Many times.
* It's Near resistance Zone and trying to Break Resistance Zone with good volume.
* Volume Accumulation (Volume is Rising).
What is your view please comment it down and also boost the idea this help to motivate us. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
What is Opening Range Breakout (ORB)Hello mates today i want to share an Educational post about Opening range breakout a very common and old strategy used by many traders and it's still pretty effective. I hope you will read the complete post and like my publication too friends.
So let's understand about Opening Range Breakout below-::
⚡ Introduction to Opening Range Breakout-::
In the world of trading timing can be everything. One of the strategies that traders use to capitalize on market movements at the start of the trading day is the Opening Range Breakout (ORB). This technique is particularly popular among day traders because it leverages the market's early volatility to make quick profits. In this article we'll dive deep into what ORB is, how it works, and how traders can effectively use it.
⚡ What is the Opening Range-::
The "opening range" refers to the price range established during the first few minutes of a trading session. This range is defined by the high and low prices observed within this period. Depending on the trader's preference and the asset being traded, this range can be set over different time intervals, commonly 5, 15, or 30 minutes.
⚡ Understanding the Breakout-::
A breakout occurs when the price moves outside the opening range, either above the high or below the low. This movement indicates a potential direction for the day's trend. The idea behind the ORB strategy is that the price, once it breaks out of this range, is likely to continue moving in that direction, giving traders a chance to enter a position early in the day and ride the trend.
⚡ Why Use ORB-::
1.Early Market Volatility-: The market often shows significant volatility at the opening bell, driven by overnight news, earnings reports, and economic data. This creates opportunities for sharp price movements.
2.Defined Risk and Reward-: Since the opening range is defined, traders can set clear entry, stop-loss, and take-profit levels, making risk management straightforward.
3.Capturing Early Trends-: ORB allows traders to capture trends early, often before the broader market catches on. This can lead to significant profits in a short period.
⚡ How to Implement the ORB Strategy-::
1-Identify the Opening Range-: At the start of the trading session, observe the price action and note the high and low points within your chosen time frame (e.g., the first 15 minutes).
2-Set Breakout Levels-: Once the opening range is established, these levels (the high and low) become your breakout levels.
3-Place Orders-::
Long Position-: If the price breaks above the high of the opening range, enter a long position (buy).
Short Position-: If the price breaks below the low of the opening range, enter a short position (sell).
4-Set Stop-Loss-: A common approach is to place a stop-loss just inside the opening range. For example, if you enter a long position, your stop-loss might be slightly below the high of the range.
5-Set Profit Targets-: Profit targets can be set based on a fixed ratio (e.g., 2:1 risk/reward ratio), or by trailing the stop-loss as the price moves in your favor.
⚡ Factors to Consider for ORB Success-::
1-Market Conditions-: ORB tends to work best in markets with high liquidity and volatility. Stocks with news catalysts, or major indices, are often good candidates.
2-Time Frame Selection-: The choice of the opening range time frame is critical. Shorter time frames (e.g., 5 minutes) might offer more frequent signals, but they can also lead to more false breakouts. Longer time frames (e.g., 30 minutes) may provide more reliable signals but fewer opportunities.
3-Volume Confirmation-: It's often wise to confirm breakouts with an increase in volume, which can indicate the strength of the move.
4-Avoiding False Breakouts-: Not every breakout leads to a sustained move. To avoid false breakouts, some traders wait for a retest of the breakout level or use additional technical indicators, such as moving averages or momentum oscillators, to confirm the trend.
⚡ Example of ORB in Action-::
Let’s consider a stock that has an opening range of 100 to 105 in the first 15 minutes of trading. Here’s how a trader might approach this:
Breakout Above 105-: The trader places a buy order at 105.10 (a little above the breakout level) and sets a stop-loss at 104.50 (just below the high of the opening range). The profit target might be set at 107.20, assuming a 2:1 reward-to-risk ratio.
Breakout Below 100-: Alternatively, if the stock breaks below 100, the trader could short the stock at 99.90 with a stop-loss at 100.50 and a profit target at 97.80.
⚡ Advantages of ORB-::
Clarity-: The strategy provides clear entry and exit points, reducing guesswork.
Structure-: It imposes discipline by setting predefined rules for trading.
Simplicity-: ORB is relatively simple to understand and execute, making it accessible to traders of all experience levels.
⚡ Challenges and Limitations-::
False Breakouts-: These can lead to losses if not managed carefully.
Whipsaws-: In highly volatile markets, prices might break the range multiple times, leading to potential whipsaws.
Over-Reliance on Opening Range-: Solely relying on the opening range might ignore broader market context or trends from previous days.
⚡ Conclusion-::
The Opening Range Breakout strategy is a powerful tool in a trader's arsenal, particularly for those who thrive on early market action. While it offers a structured approach to capturing trends, success with ORB requires discipline, proper risk management, and an understanding of market conditions. By combining ORB with other strategies or indicators, traders can increase their chances of capturing profitable moves while minimizing risks.
Whether you’re a seasoned trader or just starting, mastering the ORB strategy can provide you with the edge needed to navigate the fast-paced world of day trading.
Thanks for reading the post, I hope you will the information shared above and like my idea too.
Best Regards- Amit
Neat & Clean Breakout seen after 7 Years in Gulf Oil Lubricants.Hello Everyone i hope you all will be doing good in your Trading and your life as well. I have brought a stock which has given a long consolidation period breakout with huge volume spike on chart. Stock name is Gulf Oil Lubricants Ltd , and it is engaged in the business of manufacturing, marketing and trading of automotive and non-automotive lubricants. It is among the top three lubricant companies in India among private players.
Distribution Network
The company's distribution network is spread across 80,000+ touchpoints, 300+ auto distributors, ~1,000 Gulf rural stockists, ~70 Industrial distributors, ~7,600 Gulf bike stops, ~2,600 Gulf car stops, 30+ Depots, ~12,500 Retail touchpoints for Battery and ~430 Battery service points. It has 500+ B2B Customers and 750+ infra-mining fleet customers.
Market Position
The Co is the second biggest brand in India and among the top 3 players among private sector players in the Indian Lubricant industry. It also commands a Top 5 share in the 2-wheeler battery replacement segment.
Technical Terms
Stock is Trading Above 200-DEMA
MACD is giving Bullish crossover (Note:- I have not placed on chart but i have done analysis)
Good Volume spike seen on Breakout.
This is one of the best stock to hold for long term. Company has been maintaining a healthy dividend payout of 40.7%. Company's working capital requirements have reduced from 68.7 days to 54.6 days. Short term to Medium Term Targets i have already Placed on chart. In long Term stock has potential to give more than 1000% returns if someone hold this 8-10 years from here.
Market Cap
₹ 6,081 Cr.
Current Price
₹ 1,236
High / Low
₹ 1,349 / 521
Stock P/E
18.6
Book Value
₹ 263
Dividend Yield
2.91 %
ROCE
27.4 %
ROE
24.9 %
Face Value
₹ 2.00
Industry PE
41.9
Debt
₹ 358 Cr.
EPS
₹ 66.7
Promoter holding
71.8 %
Intrinsic Value
₹ 897
Pledged percentage
0.00 %
EVEBITDA
11.2
Change in Prom Hold
-0.04 %
Profit Var 5Yrs
11.6 %
Sales growth 5Years
14.0 %
Return over 5years
8.02 %
Debt to equity
0.28
Net profit
₹ 328 Cr.
ROE 5Yr
24.0 %
Profit growth
33.7 %
Earnings yield
8.12 %
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou.
? Thinking Buying at current priceWeekly
40 Support/ 200 MA
Daily
1. Price -Double bottom - also at previous supports
2. Pattern- In Triangle- Near Support- Multi Year
3. Volume Diversion - At 1st Limb High Volume- Seems Exhaustion Volume, then at second - Low
3. Volatility Diversion - BB - One limb is outside, the another is inside
4. RSI Diversion
Challenges
1. Daily RSI below 40-
Watch Daily Price action 12th Aug Onward- If 9th Aug 24, high crossed, Can be a good early entry with 12th Aug 24 low as SL.
2. Pyramid at 6900, ie swing high.
IPCA Lab - Observing Buy SetupCMP 1361 on 09.08.24
The above weekly chart shows that the price has formed a cup & handle pattern in the last 2 years. If this pattern continues we can expect a breakout on the charts.
MACD is showing a likely crossover too.
Possible targets may be 1600/1800 or even more.
As long as it sustains above 1300, this setup remains relevant.
Decide your exit levels according to your position sizing and risk-management.
This illustration is only for learning and sharing purposes, not a piece of trading advice in any form.
All the best.
ASIAN PAINTS - 30% PROFIT OPPORTUNITY COMING SOON! - LONGASIAN PAINTS
Trading between the price zones 2663 and 3550 since May 2021. This gave a good opportunity for a swing trade with a 33% profit stretch
Strong rejections at 3550 during Sep 2021, Jan 2022, Aug 2022, Sep 2022, Jul 2023,
Taken good support near 2660s during Mar 2022, Jun 2022, Jan -Apr 2023, May 2024
From Dec 2023 the price is not able to touch the 3550 range - but returned down from the 3400 range. This shows the stock is weak from Dec 2023 till today.
It forms a down-side triangle pattern. Unless it breaks out the triangle pattern it won't touch the resistance zone 3550
Considering the current global market situation, there are chances it may come down to the support zone and create a buying opportunity
Buy Zone: 2663-2820
Target 1: 3036 (13% - 15%); Target 2:3550 (30-33%)
Trade and Invest Wisely with your knowledge! Good Luck!
You can also see my other stock analysis and the results in my profile ideas. Please follow me, If you would like to see more ideas on winning stocks.
**Disclaimer:
I am NOT a SEBI registered consultant/Advisor (nor any country-authorized board registered consultant/Advisor). It is completely my view and opinion.
My intention is not to provide any financial advice, training advice, or recommendations on stock/Forex/Coin buying or selling.
Please do your research and consult with your financial advisor before taking any action.
I am not responsible for any of your actions on buying, selling, or holding the above-mentioned stock or/and index or/and Forex or/and coins.
NATCO PHARMA: A Multiyear Breakout Set to Double Your Investment Investment Advice by Goodluck Capital (SEBI Registered)
Buy Natco Pharma NSE:NATCOPHARM
Buy Range- 1210 - 1220
Target- 1950 - 1960
Potential Return- 60-62%
Approx investment period 12 - 14 months
TECHNICAL ANALYSIS NSE:NATCOPHARM
(1) Back in 2017, Natco Pharma encountered several rejections around the 1,050 level, leading to a subsequent decline.
(2) The 500 level has emerged as a crucial support point, allowing the stock to bounce back from this threshold.
(3) Although the stock made an attempt to surpass its trendline resistance in July 2021, it ultimately fell short, resulting in another correction before finding support at the 500 level once more.
(4) Since March 2023, the stock has been on an upward trajectory, successfully breaking through the resistance level in July 2024.
Following this significant multi-year breakout , there is a strong expectation that the stock will remain above the breakout zone, paving the way for a robust upward rally.
● ENTRY & EXIT LEVELS
- Look for the best buy levels between 1,210 and 1,220, as this is also the breakout level. However, if the stock begins to consolidate at that level and subsequently breaks out, the upper boundary of this consolidation could present another lucrative entry point.
- Based on the chart analysis, it appears that there is a 60% upside potential for this stock, hovering around the 1,950-1,960 level. Moreover, there is a possibility that the stock may surpass this level.
FUNDAMENTAL ANALYSIS NSE:NATCOPHARM
● PE RATIO
- The stock's current PE stands at 16.9, slightly higher than the 1-year median PE of 14.2 but lower than the 5-year median PE of 26.3.
- With an industry PE of 36.6, the stock appears undervalued.
● PB RATIO
- The present PB ratio for this stock stands at 3.96, indicating a slightly high valuation but not reaching overvalued territory.
● DEBT TO EQUITY RATIO
- The company's debt to equity ratio of 0.06 indicates that it is nearly debt-free.
● PROFIT & LOSS ANALYSIS
- Over the last three years, this stock has experienced a remarkable compounded annual sales growth rate of 25%.
- The cumulative profit increase over the past three years has been an impressive 49%, indicating a strong upward trend.
- The profit margin has seen a significant boost, rising to 44% from 35% YoY.
- The EPS growth for FY24 is remarkable, soaring to 77.5 compared to just 39 in FY23.
● CASH FLOW ANALYSIS
- There is a substantial increase in operating cash flow, jumping by almost 43% to 1,212 crore from 849 crore in FY23.
● SHAREHOLDING PATTERN
- The promoters have consistently held their stakes at 49.71% over the past three quarters.
- Over the last four quarters, FIIs have been steadily increasing their investments, in contrast to DIIs who have been offloading their stakes.
Webelsolar - Flag and Pole Formation. Best above - 647#WebelSolar -
What an excellent results delivered by this co.
Blockbuster Q1FY25 👏
Solid turnaround 👍
Rev at 111cr vs 0.18cr, Q4 at 25cr
PBT at 32cr vs -4cr, Q4 at -31cr
PAT at 23cr vs-5cr, Q4 at -58cr
Q1 EPS at 5.4rs
The Stock has formed Flag and Pole pattern on the weekly charts
One can enter above
One can enter above 647 with strict stop loss of 537
Targets - 745/962/1150
Disclaimer : Educational Content. Please do your own research.
