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📈Liberty Shoes Ltd - Potential Breakout OpportunityHello fellow traders and investors, I'd like to highlight an intriguing stock that has caught my attention - Liberty Shoes Ltd . This company has been consolidating for an extended period, and it appears to be setting up for a potentially exciting move. Here's what you should know: 🔒 Long-Term Consolidation : Liberty Shoes Ltd has been in a prolonged consolidation phase, displaying remarkable resilience during this period. Such extended consolidations often precede significant price movements, and patience can be rewarded in these situations. 🔄 VCP Base Formation: What's particularly intriguing is the formation of a Volatility Contraction Pattern (VCP) base. The VCP is a technical pattern characterized by a gradual tightening of price volatility. It signifies a period of accumulation and preparation for a potential breakout. This pattern is favored by some of the most successful investors and traders. 🚀 Potential for Range Breakout: With a VCP base in place, Liberty Shoes Ltd might be gearing up for a range breakout. A breakout from this consolidation phase could result in a substantial price move. This could be a game-changer for those seeking to capitalize on such setups. 💼 Significant Returns (6-12 Months): While nothing is certain in the market, the technical setup on Liberty Shoes Ltd suggests the potential for significant returns over the next 6-12 months if a successful breakout occurs. Keep in mind that market conditions can change, so regular monitoring is essential. 🚦 Risk Management is Key: As always, it's crucial to manage risk effectively. While the setup is promising, it's wise to diversify your portfolio and allocate an appropriate portion to this trade. Remember that all investments carry inherent risks, and past performance is not indicative of future results. Disclaimer: This post is for informational purposes only and should not be considered as financial advice. Conduct your own research, assess your risk tolerance, and consult with a financial advisor if necessary before making investment decisions.(only for educational purposes) What are your thoughts on Liberty Shoes Ltd? Do you see the potential in this VCP setup? Share your insights below, and let's discuss this exciting opportunity! 🚀📊👞
NSE:LIBERTSHOELong
by aryn_9
Analysis of Footwear / Leather StocksSynopsis: The multiple footwear stock was analysed as weekly price movement is quite significant with record volume. Most of the stock bounced from support level and expected return will range from 20-40%. BATA – The price movement in channel, from support level, bullish breakout candle formed with record volume. Price above 20 & 50 ema and 200 ema (Rs 1618) may act as short term resistance. Target 18%, Stop Loss 5% KHADIM – The stock is range bound, from support level, the price recovered with significant volume. Price above 20, 50 and 200 ema. Target 40 %, Stop Loss below 200 ema SREELEATHERS – The price movement is upward channel, from support level, price bounced with good weekly volume. Price above 20, 50 and 200 ema. Target 40 %, Stop Loss 10% SUPERHOUSE LTD – The neckline act as support. Price movement with record volume and stock is above key moving average of 20, 50 and 200. Target 30%, Stop Loss below Rs 250 Note : For Campus Activewear and Mirza International analysis, refer the below link. Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations. Thanks -AJ
NSE:BATAINDIALong
by Indieconomic
4
Relaxo Technical analysis - Long term Daily chartRelaxo corrected about 40% from ATH and consolidating since Nov' 2021. The stock is trading at support trend line drawn from July 2017 and the stock price never broke the support line from last 5 year. The stock bounced back 10% from the 54 week low and will be testing the support line at 760-800 levels in the coming months. With the stop loss of 20% one can take a directional trade for the long term of 3-4 years for 50% returns. Buy levels - 780-840 Sell - First Target - 950 Second target - 1070-1120 Target - 1360 Stop loss/Average - 600-640
NSE:RELAXO
by tradeGambler