NBVENTURES - Multi year breakout - Huge PotentialThe 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.
NBVENTURES
Target 1 achieved in NBVENTURES. Gain of 30% Target 2 is ON.This is follow-up on Nava Bharat Ventures. Can check link to related ideas.
Target 1 achieved. Gain of more than 30%. Target 2 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
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.
Flag Breakout: Swing/Positional OpportunityFlag Breakout: Swing/This stock has been forming Flag patterns for over a year now. It's time for the Mother Flag to shine. This can further turn into a Positional trade, if Flag break out happens in coming days.
On Monthly timeline, it will form a W pattern if everything goes as expected.
NB Ventures buying opportunity1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula:- Stop Loss/(Buy Price-Initial Stop Loss Price)
4. First sell on initial stop loss hit or close below supertrend
After posting a quarterly sales growth of 44%, a quarterly profit growth of 58% and OPM improvement from 41% to 43% NSE:NBVENTURES gave a high-volume breakout, retested the support zone and resumed its uptrend. It is a buy at current levels with a stop loss at or below Rs.129
Other Fundamentals: -
1. Stock is trading at 0.47 times its book value
2. Debtor days have improved from 197.31 to 130.94 days
3. Debt coming down since Mar'17
4. Promoter stake increased from 45.53% in Mar'21 to 49.51% in Dec'21
5. FII stake increased from 2.25% in Mar'21 to 6.25% in Dec'21
6. The Company’s Ferro Alloys facilities are supported by captive power from its own power plants giving them certain inherent advantages in terms of availability of power and control on costs
7. The company has entered into a Conversion Agreement with TATA Steel Mining Limited (TSML) for conversion of high carbon ferro chrome. The Agreement postulates that the entire smelting capacity of the Odisha plant is dedicated to TSML to produce up to 70,000 metric tons of high carbon ferro chrome per annum. The duration of the Conversion Agreement with TSML is from December 1, 2020 to March 31, 2025
8. Company plans to increase the capacity of its power plant to 600MW in the second phase, depending on the build-up of demand for power in the region
NB Ventures - Short term view- BullishDaily indicators are bullish. As per pattern it may reach the target. Note: Aug 4th result date.
Vijayaraghavan.K,
Kovilpatti, Tuticorin Dist.
NAVA BHARAT VENTURESNSE:NBVENTURES
KEEP IN WATCHLIST.
ASCENDING TRIANGLE ON CHARTS.
CAN INITIATE TRADE AFTER BREAKOUT WITH STOP LOSS BELOW BREAKOUT CANDLE
CURRENT TRIANGLE PATTERN SUGGESTS TARGET OF 150 AFTER BREAKOUT.
** EDUCATIONAL PURPOSE
nbventuresNote:
1. Views are personal and for educational purposes only. 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... Aftermarket opens, the condition might change so learn to handle different conditions...
4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
NB Venture: Short & Mid term BullishRef Chart. Indicators are bullish on Daily, Weekly and Monthly charts.
Vijayaraghavan.K,
Kovilpatti.
#NBVENTURES #INDIA #FINANCE #TRADE #INVEST #NIFTY #BANKNIFTY #ML#NBVENTURES
NSE:NBVENTURES
CMP: 64.60 {Know well How to trade this, before u trade this!}
Target: 78++
SL: 54
Time Frame: ~2 month.
Invest and hold!
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