Mayur Uniquoters : SWing Trade#MAYURUNIQ : #Breakout Candidate
>> #Trending Setup
>> Flag Structure
>> Good Strength & Volume Contraction
>> Low Risk High Reward
Swing Traders can lock 10% profit & keep trailing
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Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
MAYURUNIQ
MAYURUNIQ | Swing Trade📊 DETAILS
Sector: Textiles & Apparel
Mkt Cap: 2,483 cr
Mayur Uniquoters is primarily engaged in the business of manufacturing of Coated Textile Fabrics, artificial leather and PVC Vinyl which are widely used in different segments such as Footwear, Furnishings, Automotive OEM, Automotive replacement market, and Automotive Exports.
TTM PE : 22.00 (High PE)
Sector PE : 61.26
Beta : 0.22
📚 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
5.50% away from 52 week high
Underperformer - Mayur Uniquoters up by 6.28% v/s NIFTY 50 up by 8.39% in last 1 month
📈 FINANCIALS
Piotroski Score of 9/9 indicates Strong Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
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MAYUR UNIQUOTERS RETRACENSE:MAYURUNIQ is consolidating in a channel pattern for more than 18 months and it looks ready and bullish to break it and give a big upmove.
It retraced after giving a breakout from its previous horizontal resistance and it may break the channel pattern with the next upmove.
Another bullish sign is that the stock moved to virgin territory and is spending some time there. A breakout under this condition, can create exponential volatility.
Look to enter at CMP levels and if stock retraces back to support trendline, add more quantity.
Entering now is more riskier than entering after the breakout+retrace as the stock could retrace all the way back to the channel's support before making a move for the breakout.
After the break, targets of 800+ can be achieved in 1-3 months.
Mayur Uniquoters| C&H nd All Time High Breakout| Target 100% NSE:MAYURUNIQ
In Monthly Charts we have confirmed BO around 520
Cup and Handle as well as All Time High Breakout
Pattern Targets : 721 - 856
Beyond 856 Targets via Fibonnaci : 1075 - 1210 - 1430
SL : 440
Time Horizon : 12-24 Months
Monthly RSI>70
Continuous Buying and Accumulation since Jan2021
MAYURUNIQ - Multiyear Breakout - Swing TradeThe analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
Mayur Uniquoters - multibagger ?Mayur Uniquoter - seems to be breaking out of range since 2014.
Great buying opportunity.
RSI and MACD showing positive momentum on Daily and weekly timeframe.
DarvaX box strategy to be followed.
If daily candle closes above the upper trendline, buy opportunity can be made.
Future targets could be multi fold.
Disclaimer: This is for educational purpose and not a buying recommendation. Pls invest as per your risk: reward appetite.
Intraday Trade: watch for resistance breakoutbuy mayuruniq above 547 in intraday
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.
#MAYURUNIQ CMP 470.45 #Target 569(20%+) $Profit $GLD $MAYURUNIQ#MAYURUNIQ
NSE: MAYURUNIQ
CMP 470.45
Target 20% = 569
SL : 430
Time Frame < 4 months
Factors:
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
MAYURUNIQ | Inverted Head and Shoulder PatternMAYURUNIQ has formed an inverted Head and shoulder pattern on the daily TF. Upon breakout, it is likely to test 440-450 levels. As long as NIFTY holds up, this target should be achieved in the coming weeks.
Was interested in this stock for one other reason: Buyback. The company has a buyback program open till 11NOV21, at Rs.400 a share. As of 06JAN21, the stock is trading at ~313.
MAYURUNIQ - Cup and Handle breaking 18 months' highHi Investors,
MAYURUNIQ is holding on to 305-310 level for the past 18 months. And consolidation near breakout level is a best entry points with small stop loss. Rest is explained well in the chart.
I hope you will benefit from this knowledge
-MetaVish
. From last two sessions the stock is attempting breakout again!The stock has been into a very tight congestion since last 7 months, previously an attempt to breakout was made but failed. From last two sessions the stock is attempting breakout again! What is important to notice that the last swing leg didn’t test the lower line of the rectangle, it indicates valid buying is taking place in the stock. 210 if saved on closing basis the stock may begin a new trend up. RSI has taken support at 40 and bounced while MACD is trading comfortably above zero.
MAYURNIQ fails to breakdown and moves higherMarket failed to break down and auctioned higher. Bounce from 440 area shows keen interest from higher time frames to auction the price higher. Buy area is shown as a green rectangle box. The initial stop is at previous low 487. Looking to book half position around 558 - 568 level and hold the rest with trailing stop loss.