Multibegger
SABOOSOD :Higher Timeframe Breakout Setup BSE:SABOOSOD
Company Infirmation
Saboo Sodium Chloro Ltd. engages in the manufacturing and sale of salt. The firm also focuses on the hotel industry, FMCG and hospitality. It produces surya, saboo, and tota iodized salts. The company was founded on November 22, 1993 and is headquartered in Jaipur, India.
Recent News
04- DEC -2023
Saboo Sodium Chloro Ties Up with Thailand's Dusit Thani for Resort in Rajasthan, India; Saboo Shares Climb 5%
The project involves the development of 350 villas or 700 guest rooms and wellness facilities, according to a Monday filing.
Technical Analysis
1.Trading above E M A 200
2. A tight compression near 24.5 rupees from the last 2.5 years and the level has not broken since 2011.
3. Volume supporting the up move.
4. RSI and stochasti are not overbought.
Entry should be above 24.50 of the breakout zone and the targets are mentioned on the chart.
You can keep the stop loss below the previous swing low.
Trade with proper position sizing and strict stop loss.
Keep learning,
Happy trading.
Filatex India Multibegger stock-Strong breakout with 20% circuitAlready this stock idea shared when it was in 68~72 range, last time reached up to 81 but again re-tested 68~69 level due to Covid19 breakout in India.
I was holding my position with entry taken 68 level.
it is a clear CUP& Handle break out and Target 129 must reach in 2~3 weeks or before if momentum continues.
Now strong result in Q4'21.
Operating profit in Q4'21 is Rs.189 compare to Q4'20 Rs.62.
Earning per share(EPS) has become multiple from 0.96 to 5.36.