LOVABLE
Breakout in Lovable Lingerie Limited...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.
Lovable weekly Elliot wave Stock currently running in correction wave on weekly time frame,
Here 3 different strategies provide entry .
Base on price action small pole Flag break out daily time frame.
Weekly time frame big pole Flag break out .
Based on Elliot wave maybe new 3rd wave Start .
Also we can play Elliot wave abc wave 0.386 retest strategy.
Above different 4 point give entry.
I don't have confidence on volume, but overall technical based stock looks bullish
I think this stock take time to achieve Target,
Entry - CMP (142) or above
Target 1- 172 ( 20% around)
Target 2- 230 ( 60/50%)
Target 3- 260(80%)
Target 4-312 (110% )
Stop loss - 118 below 1day candle closed ( maximum loss 15/17%)
We are running in daily time frame implus buy on weekly and monthly time frame running in correction wave.
This is just stock technical analysis not discovered any news or fundamentals.
And shared my view maybe your view different from mine.🙂
Lovable Lingerie : Bullish Setup (Swing Trade / Short term)#lovable #momentumtrading #momentumstock #swingtrading #swingstock
Lovable : Beautiful Bullish structure
>> Breakout Candidate
>> Good strength in stock
>> Decent Volume
Swing traders can book profit partially or full at 10% or keep trailling, Short term traders can Keep trailling
Please Like or comment if u r Liking the analysis & Learning from it. Keep showing ur Love
Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
Lovable Lingerie- Stock for Study for Long Term InvestorsIncorporated in the year 1987, Lovable Lingerie Ltd is engaged in the business of manufacturing hosiery/garment products for women.
Products Segment
The company's products include women’s Innerwear, homewear, shapewear, foundation garments, and sleepwear products.
Brands
“Lovable” and “Daisy Dee” are the flagship brands of the company.
The company acquired the brand “Lovable” in the year 2000 on an exclusive basis for the territories of India, Nepal, Sikkim, and Bhutan. The innerwear products manufactured under the brand “Lovable” cater to the premium segment market in India.
Presence across entire Customer segment
The Co. acquired “Daisy Dee '' and ''College Style'' from Maxwell Industries Ltd and Leviticus Trading Ltd respectively to cater to the mid and young segment market in India.
The Company has also marketed the “Vanity Fair” brand of women’s innerwear garments, which was licensed from VF Corporation Inc., USA.
Fire in Nov 2017 and July 2021
The company reported losses in FY18. They said the losses were due to the fire in November 2017 which reduced their production capacity by 40%.
The company had another recent fire in July 2021.
Manufacturing Capacity and Expansion
The company has three manufacturing facilities of which two are located in Bangalore and one in Uttarkhand and has a capacity to manufacture ~84 Lakh Pieces per Annum.
To meet the expected demand from the mass segment, the company is building new capacity at the Erode, Tamil Nadu with an annual production capacity of 25 lakhs nos, which is 30% of the current capacity of the company.
Own Design Studio
Co. has its own design studio in Bengaluru, Karnataka with a team of designers and the latest equipment.
Over the years, co. has tried to increase its media presence and E-commerce Marketplace. In 2019, the company launched dealer apps for direct communication with the market through which the company has been able to increase its presence in various Social platforms
Investments
The company has investments of INR 80 Crs as on FY21. Out of this 10 Cr is in Jevenca Online Pvt Ltd and the rest 70 Cr is in quoted mutual funds.
Source- Screener- Wiki Feature
LOVABLE LINGERIE Watch lovable lingerie on weekly chart has formed a rounding bottom formation or a inverse cup and handle formation. On a daily timeframe it may test the previous resistance zone of 140-145.
One can buy at that range with a stop loss of 125 for targets 200-250 levels.
Please note I’m not a registered analyst.
Please analyse your self before investing.
Lovable Longerie - Reversal and Bullish - Trgts marked on chartLovable Longerie has taken support from 50 SMA and is showing reversal with Bullish Breakout. The long term targets are marked on the charts in weekly time frame. This is based on the Price Chart, Support and Resistances. The supertrend 100,1.9 is also positive and in buy mode. Buy and Hold for a long time for a potential upside of 95 %.
The study is for academic interest.
Lovable Lingeri - A pattern to watch outThe charts of Lovable Lingeri has broken out of a rounding bottom pattern along with swing high of mutli-year with stock gaining momentum can test 198 - 235.
Thus, it is advisable to accumulate the stock around 140-146 with stop of 128 below on closing basis for targets of 198-235