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Multiyearbreakout

Multi Year Breakout - Retesting DoneIndo Count Industries is involved in the business activities of Manufacture of bedding, quilts pillows, sleeping bags etc.. The Stock broke out of a multi year resistance, completed its retesting and is ready to for targets. The RSI is perfectly placed at 65 levels indicating a good time to enter into the stock. The Company has posted excellent results in Q2 & Q3 of FY 21. Sales increased by 23% and 24% respectively QoQ. At the same time EPS increased dramatically by 655% & 362% QoQ. Foreign Portfolio Investors (FPI) have continuously increased their stake from 7.27% in June to 9.82% in December. This shows growing confidence of FPI in the stock. Accumulate for a target of 170-200 with an SL at 121. Feel free to share your feedback and queries.
NSE:ICILLong
by mastermukund4
Multi Year Breakout - Retesting Done (Multibagger Stock)Fineotex Chemical Lt is involved in the business activities of Manufacture of chemical products or preparations of a kind used in the textiles, paper, leather and like industries. The stock has broken a multi year resistance with great volume. The company is debt free and has a strong balance sheet enabling it to report stable earnings growth across business cycles. The Company has reported a robust sales number in its last quarter results for FY 21 with an increase(%) of 72% QoQ. EPS has also improved dramatically by 277% QoQ. Mutual Funds have shown their interest & added this stock in their portfolio for the first time in the 3rd Quarter of FY 21 by buying an stake of 5.97%. This stake has also improved in the last quarter of FY 21 and now stands at 6.15%. Rise in interest is a good sign for the stock. The Stock has a potential of turning a Multibagger. Accumulate with SL of 59 for targets of 90-106 respectively. I would further recommend to hold it for 3-5 years for 10-15 times return. Feel free to share your feedback & queries.
BSE:FCLLong
by mastermukund4
6
Multi Year Breakout - Retesting DoneOrient Refractories is involved in the business activities of Manufacture of millstones, sharpening or polishing stones and natural or artificial abrasive products, including abrasive powder or grain on a base of textile material, paper, paper board or other material. The Stock has broken out of a multi year resistance with great volume. Company's sales are also growing consistently. Return on Equity is 20% which is exceptional. For December quarter, Increase(%) in QoQ EPS was 22% which is also a good sign. Qaurter March result is also Expected to be goog. Keep Accumulating the stock. Better to add 50% now and rest at lower levels for a target of 360-400 respectively. Do share your feedback & queries. Also let me know if u need an analysis on any stock.
OLong
by mastermukund4
4
Cup with Handle Breakout - Multi YearGreaves is one of the leading diversified engineering companies with presence in Automotive, Non-Automotive, Aftermarket, Retail , Electric mobility solutions & Finance. It is involved in the business activities of Manufacture of engines and turbines, except aircraft, vehicle and cycle engines. The Company revenue is continuously growing form last few quarters. Return on Equity of 16% is good. Stocks volume has grown significantly which is highest in its lifetime. The Stock it seems is ready for a new lifetime high with technical charts & indicators also showing positive sign. The stock is ready to break out with a cup and handle pattern which is widely accepted pattern and has high accuracy. Accumulate at these levels with SL at 125. Target 180-200
NSE:GREAVESCOTLong
by mastermukund4
SASTASUNDAR VENTURE Multiyear BreakoutNSE:SASTASUNDR Levels are Mentioned in the chart... Look for Swing... Note: 1. Views are personal. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline not the big target... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... After market opens, the condition might change so learn to handle for different conditions.. 4. To learn more about patterns, Psychology behind the trade and price action trading... contact us.. Thanks..
NSE:SASTASUNDRLong
by tradingrhythm1