EPL Ltd for 60% gains; best ever quarter resultsDate: 11Nov’24
Symbol: EPL
Timeframe: Daily
EPL (formerly known as Essel Propack Ltd) seems to be in Wave III of 3 which could extend to 400 levels (60% from current price of 250) as seen in the chart. Possible wave counts have been marked which will have to be reviewed as the move develops. EPL has posted best ever quarter sales and profits in Q2 today so a big jump may be seen tomorrow, 12 Nov’24.
This is not a trade recommendation. Please do your own analysis. And I have the right to be wrong.
HINGLISH VERSION
Aisa lagta hai ki EPL (pehle jiska naam Essel Propack tha) 3 ki Wave III mein hai jo 400 ke star (250 ki vartamaan keemat se 60%) tak badh sakta hai jaisa ki chart mein dekh sakte hain. Sambhavit Wave numbering ko chihnit kar liya gaya hai jiski sameeksha chaal vikasit hone par kee jaegee. EPL ne aaj Q2FY25 mein ab tak ki sabase achchhee quarterly sales aur profit darj kiya hai, isliye kal, 12 Nov’24 ko ek bada uchhaal dekha ja sakta hai.
Yah koi trade lene ya invest karne ki salaah nahi hai. Kripya apana vishleshan khud karein. Aur mujhe galat hone ka adhikaar hai.
POLYPLEX
Polyplex - Classic double bottom chart patternClassic double bottom chart pattern formed in Polyplex.
Price has corrected from top and after 2 years forming a bullish reversal chart pattern called double bottom. Double bottom is a bullish reversal pattern is forming after a strong downtrend.
Price is printing lower top and lower bottom and finally price has settled at 760.
Twice touch bottom at 760 formed a support and finally breakout of price swing high 960 confirm the double bottom chart pattern.
Target would 1150..
Double Bottom Neckline Breakout - POLYPLEX📊 Script: POLYPLEX
📊 Sector: Packaging
📊 Industry: Packaging
Key highlights: 💡⚡
📈 Script is giving breakout of Double Bottom Neckline on daily chart.
📈 Script is trading at upper band of BB and giving breakout of it.
📈 Already Crossover in Double Moving Averages and MACD.
📈 Right now RSI is around 72.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 995
🟢 Target 🎯🏆 - 1100
⚠️ Stoploss ☠️🚫 - 952
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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PolyPlex Starting Wave 3 Impulse Polyplex has seen 66% retracement of rise from march 2020 bottom & after that we saw 1st 5 waves rise from 1100 to 1630 which has also done almost 66% retracement now todats move looks like reversal candle & it can touch 1900+ levels view invalidates below 1275.
Not a SEBI registered analyst chart shared for education puprose only
RSI DivergenceBOPP and BOPET prices have bottomed out and also Asceptic and Flexible packaging sales are at ATH...
its Enterprise value is as follows
Year FY 23-24
Sales 15,000
EBITDA Margin 13.5%
EBITDA 2,025
EV/E multiple 4
Market Cap 8,100
Debt 4,462
Enterprise value (EV) 3,638
No of Shares 7.2
Target price 504
Current Price 341
Potential gain 47.76%
YR 2022 Idea #91: Long on POLYPLEX This is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.
poly plex corporation Greeting for Seasons !!
Polyplex different entry leval market with short term and ultra short term 2 different sl/support Leval
why this ?
because i seen polyplex structure is bullish there were good volume too as of now
but overall broader market trend is in under pressure and global news events of corona and lockdown too going on
in this situation one should always be alert on choosing entry and risk management
will suggest to add as of now 25% qty and more 30% qty add after breakout
rest 50 % qty buy once this breakout re tested and follow up happen
( why retest ..because when broader market under pressure there were natural false breakout to be happen)
happy trading
Regards,
Hitesh K.