Kopran Basic Demand Supply in Price Action with Waves.Kopran if we observe price action we can see basic demand supply theory on charts
In Feb 2024 it reached 292 levels & with good supply it pull backed towards 200 levels in march.
Again in April it tried to reclaim 292 levels but with more supply it rolled back to 200 levels.
In Aug 2024 it managed to absorb all supply & trade above 292 levels then every pull back towards 292 became demand zone it happened in 1st week of Sept now we are at same pattern in first week of Oct.
Its looks like Wave 4 pullback which is 50% retracement of wave 3 rise so idealy wave 5 can take price 400 levels confirmation will be trade above 310.
KOPRAN
KOPRAN - Multiyear breakout - Cup and Handle - MonthlyKOPRAN - Multiyear breakout - Cup and Handle - Monthly
Kopran Ltd. is a fully integrated pharmaceutical company that manufactures and supplies high-quality formulations and active pharmaceutical ingredients globally.
Name - KOPRAN
Pattern - Cup and Handle
Timeframe - Monthly
Status - Breakout
Volume - Very Good
Cmp - 335
Target - 655
SL - 326 and 290
Fundamentals:
Strengths
Company is virtually debt free.
Company has a healthy Interest coverage ratio of 10.89.
The company has an efficient Cash Conversion Cycle of 43.79 days.
Company has a healthy liquidity position with current ratio of 2.22.
The company has a strong degree of Operating leverage, Average Operating leverage stands at 3.33.
Limitations
The company has shown a poor revenue growth of 14.84% for the Past 3 years.
Company has a poor ROE of 6.79% over the past 3 years.
Kopran -Latest quarter results
Price ₹ 336 M.Cap ₹ 1,617 Cr PE 27.3
Item YOY Jun 2024 Mar 2024 Jun 2023
Sales ⇡ 19% 139 186 117
EBIDT ⇡ 188% 18.2 21.7 6.31
Net profit ⇡ 301% 11.1 18.6 2.77
EPS ⇡ 304% ₹ 2.30 ₹ 3.86 ₹ 0.57
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KOPRAN - Ichimoku Bullish Breakout Stock Name - Kopran Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 183
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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SWING TRADE - KOPRAN LIMITED - R:R @ 1:2Potential Opportunity as Swing Trade in NSE:KOPRAN
Risk : Reward - 1:2
ENTRY - 305.00
TARGET - 367.00
STOP LOSS - 269.00
This is for Educational Purpose only, apply your prudence & consult your adviser before any investing.
HAPPY TRADING.....
#nse #swingtrade #nifty #kopran #nifty50 #priceaction #trendline #retest # retracement #bullish #riskrewardratio
KOPRAN: Starting on a bearish trend"
TECHNICAL ANALYSIS OF NSE:KOPRAN
The LAST CLOSE PRICE of NSE: KOPRAN is 232.45 . The PARABOLIC SAR is showing the DOWNWARD SIGNAL with TREND as DOWN TREND . The FIBONACCI LEVELS analysis shows that the CLOSEST FIBONACCI LEVELS is 0.236 at the FIBONACCI STOCK PRICE LEVEL of 229.05. From here, the Key Support and Resistance levels are SUPPORT 1 at 250.07, SUPPORT 2 at 237.55 with RESISTANCE 1 and RESISTANCE 2 at 221.45 and 203.35 respectively. The Key 50% FIBONACCI LEVEL stands at 237.55 which is the crucial Fibonacci Level determining whether the scrip will maintain the trend or not.
The STOC RSI has the values K and D as 4.04 and 3.52 respectively. At this level it the status is OVER SOLD. When we look at the Moving Averages, MACD is the crucial indicator to look into. With MACD VALUE at 7.17 and 7.18 at 9.04 along with HISTOGRAM showing values of -1.87, the STATUS is clearly DOWNWARDS.
The best indicator to determine the Trend Reversal is FISHER TRANSFORM and currently the values of FISHER and TRIGGER stand at -1.56 and -1.58 with DOWNTREND as DOWNTREND. A very important factor while making the investment is to see if there has been already too much of Buying or Selling, and that are we entering too late into the transaction or not. Thus, with WILLIAM's R% value at -0.7584 the STATUS is WITHIN OVER BOUGHT AND OVER SOLD RANGE.
No one wants to buy costly things, and thus always look for the bargain or appropriate price levels to buy things. Same applies to Stocks, however the only exception would be some Hot Stocks that one wants to have any price. Looking at this perspective, the P/E RATIO of the stock stands at 16.08 which signifies its Price Level to be AVERAGE.
>>> RECOMMENDATION is : SELL."
Disclaimer:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.