moschipit is forming cup and handle and facing resistance at all time high level.
if we are able to get monthly closing then we may expect BO level retest and then it may act as good support.
high hopes
MOSCHIP
Bullish Outlook: MOSCHIP Above 120 Signals Potential Bull RunDetails:Asset: MOSCHIP Technology (MOSCHIP)Breakout Level: Above 120Potential Targets: Projection based on technical analysis and market sentimentStop Loss: Below breakout level or as per risk toleranceTimeframe: Medium to long-termRationale: MOSCHIP, a semiconductor stock, is poised for a potential bull run with a breakout anticipated above the 120 level. The company stands to benefit from growing domestic demands for semiconductors, which are essential components in various electronic devices. With increasing competition among semiconductor manufacturers, MOSCHIP's focus on domestic needs presents an opportunity for significant growth and market penetration.Market Analysis:Growing Domestic Needs: MOSCHIP's alignment with the growing domestic demand for semiconductors positions it favorably in the market.Competitive Advantage: The company's focus on competing with larger players in the semiconductor industry, especially in sectors beyond household electronics, enhances its potential for growth and profitability.Potential Bull Run:Market Sentiment: Positive market sentiment towards semiconductor stocks and MOSCHIP's strategic positioning could catalyze a bull run.Sector Growth: Favorable industry trends and increasing demand for semiconductors may contribute to MOSCHIP's upward trajectory.Risk-Reward Ratio: Consider individual risk tolerance and implement appropriate risk management strategies.As with any investment opportunity, it's essential to conduct thorough research and monitor market developments closely.
Moschip ready for the uptrend!🤩💸🔥Buy Moschip Technologies for Positional Trading as well as Investment.💸🔥💸
Comment your views‼️😄
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💡About Company:
Moschip Technologies Ltd is a semiconductor and system design company with a focus on Turnkey ASICs, Mixed Signal IP, semiconductor & product engineering, and IoT solutions catering to aerospace & defence, consumer electronics, automotive, medical and networking & telecommunications.
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💡Segment-wise Revenue Breakup:
In FY21, semiconductor services & products accounted for ~86% of revenues and embedded services & products accounted for the rest ~14% of revenues.
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💡International Presence:
The company has significant business from export countries. In FY21, exports accounted for ~58% of revenues compared to 56% in FY20.
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The stock will most likely get benefitted from PLI scheme launched by the government for Semi-Conductor designers and fabricators
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✅Although the stock is risky, Technically it is strong with Fundamentals just starting to get better.💪💪
The company recently posted the best Q3 Result.
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❇️The stock had given 18 Year long Volume Breakout last month and then it was in a retracement phase. Now with volume continuation, we can expect a strong uptrend from here.
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💎@technofunda_trader
Few Important rules from my Trading Philosophy:
Don't compromise on the quality of stock.
2. Buy right, Sit tight- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar issues.
3. Don't invest more than 5-10% in any stock & more than 25% in any particular or related sector. If stock is risky don't invest more than 2-3%.
4. Build position gradually as the stock rises.
5. Trade in the direction of the bigger trend.
6. Ride the trend, don't sell your winners early.
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