ISMT Ltd - Breakout Setup, Move is ON...#ISMTLTD trading above Resistance of 119
Next Resistance is at 192
Support is at 74
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
ISMTLTD
ISMTLTD | Positional Trade📊 DETAILS
Sector: Iron & Steel
Mkt Cap: 3,201 cr
Incorporated in 1977, ISMT Ltd. is mainly engaged in manufacturing seamless tubes and engineering steels.
TTM PE : 19.70 (Average PE)
Sector PE : 7.12
Beta : 1.25
📚 INSIGHTS
Strong Performer
Stock with consistent financial performance, quality management, and strong technical momentum indicating good investor enthusiasm. Currently valued at Good to expensive valuation
12.19% away from 52 week high
Outperformer - ISMT up by 14.29% v/s NIFTY 50 up by 0.01% in last 1 month
📈 FINANCIALS
Piotroski Score of 8/9 indicates Strong Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
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Bullish Breakout in ISMT LtdA Bullish Breakout of Flag and Pole pattern is visible on the Daily chart of NSE:ISMTLTD
MACD will gave Positive crossover on Daily and already given positive crossover on Weekly and Monthly chart. So, expecting the momentum to continue.
One can create a fresh position in the scrip as per the levels mentioned on the chart.
Risk Disclaimer:
The information provided in this analysis is based on my personal interpretation of market conditions and the available data at the time of writing. It is advisable to seek advice from a qualified financial professional and to conduct your own research before making any investment decisions.
ISMTLTD - Breakout I Post educational chart for 3 Swing / Potential Stocks Everyday.
Check Related Ideas section for more Swing Stock analysis.
ISMTLTD - Swing tradeEntry: 81
Target: 88.5
SL: 76.2
Pattern: VCP
EMA's : EMA 10 > EMA 21 > EMA 50 > EMA 150 > EMA 200.
Base: Price breaking out from 3 month base.
Retest: Price retesting BO level with decreasing volumes.
