EVEREADY
Eveready Bullish channel trend with High VolumesEveready Bullish channel trend with High Volumes
Can look for tp of red dotted line only for long term investors
Support area of 190-210 on monthly closing basis.
Kindly Motivate us by giving likes and follow so we can bring more profitable charts
Dislaimer: Only for educational and learning purposes.
EVEREADYEVEREADY:- The stock has tried to break the resistance many times by hitting it, finally got the breakout. The stock has come for retesting. If it sustains at 385 level then we can see upside movement.
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.
EVER READY is ready to give double your investment Ever ready is holding range breakout/ triple top breakout on weekly / near by 52 week high
every ready trg for next is 500/600/800 $ 1000
i use the technique of fin retracement / fibonacci time zone / and volume + combination of high swing support and resistance and that chart is similar like federal bank / siemence / canra bank that all share create that chart pattern when that half from current price means all show that in few month of time duration price will double.
Every ready to take long entryEvery ready stock is to take a long entry above 305 after BO of marked TL with a target of 340-355. Stock is forming a W pattern on daily charts, Previously from the area, well support has been taken by the stock. Now a high probability that the stock will move upside. RSI also took support at 40 & forming positive divergences. This is for your educational purpose only.
EVEREADY INDUSTRIES - Can it Fly High ?Market Cap 2,818 Cr.
Stock P/E 129
ROCE 14 %
ROE 17.2 %
Promoter holding 43.2 %
Free Cash Flow 122 Cr.
Eveready Industries India Limited is one of the leading manufacturers of dry cell batteries in India and offers products such as batteries, flashlights, lighting solutions, and home appliances.
The company has a legacy of more than 100 years and has become the market leader in the batteries segment, commanding over 50% of India's market share, and holding more than 70% of India's organized flashlights market. It has 65% top-of-mind brand recall value.
The Company will explore countermeasures against the large-scale dumped flashlights from China and is making efforts to improve margins by change of mix in the product portfolio of the lighting segment.
It will also focus to reduce the debt levels and has concurrently refinanced its high-cost debts at lower rates to strategically lower the interest burden.
Company is focusing growth in LED based Luminaires both in the consumer and professional lighting space. Further expansion is being planned to tap electrical hubs for distribution of Luminaires
This call is purely based on the merit of its technical chart.
Eveready Industries India LimitedEVEREADY:- Stock tried a lot to give breakout but came back after getting rejected by resistance,
but this time stock has given breakout keep your 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.
SWING TRADE LOGIC,LEVEL AND TARGET WELL MENTIONED IN THE CHART
NOTE -The above interpretation from the chart is my personal view and doesn't guarantee any success.
(Do talk to your financial advisor before making any investment decisions)
please like, share and comment if you have any suggestion regarding this analysis
THANKS
Two way short term planLevels well allocated on the chart.... I am Bearish on this because it is trading below 50 MA next support will ideally come at around 200 MA viz ₹260-262 (waiting for the confirmation) NOTE-The above setup is for entertainment purpose and does not guarantee any success. Pls do your own research