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Channel pattern breakout in DP wires.Hello Hardworking Traders! I am back again with a beautiful breakout Stock, DP wires. Here is a quick overview of its Technical and Financials. Technical. Dp wires spent over 2 years consolidating in an ascending channel pattern. >>The chart shows a consistent bullish trend within this pattern, forming higher highs and higher lows. >>Recently, it retested resistance, pulled back, and established a new support line within the pattern. After a brief consolidation, it surged past the resistance level and is now holding above it. >>We can also find, there's been a significant spike in daily volume within a single day, confirming the strength of the breakout. Financial >>The company has reduced its debt significantly and is almost debt-free now. >>People are expecting the company to have a good quarter ahead. >>The company's profits have been growing well, around 33.0% on average each year for the past 5 years. >>They've improved how quickly they get paid by customers – from waiting 42.4 days to now just 26.1 days. >>Over the last 10 years, the company's sales have increased by about 22.6% on average each year. >>The company is also doing better with managing its money, as it needs less working capital now – reduced from 63.9 days to 37.9 days. >> Recently for the first time FII started taking interest. "The pointers suggest strong fundamentals, making it highly likely for this company to evolve into a multibagger." Entry We're all set to enter this long trade. With that said, it's important to position our stop-loss order just below the newly established support zone. Will update its exact target level later on but it could be more than 15 % as our Stop-Loss would be the same. Do consider pressing the boost button🚀🚀, It helps me bring more interesting analysis. And if you've any question and suggestion please feel free to post in comment section. Please note I am not SEBI registered. Do your own research before investing.
NSE:DPWIRESLong
by BullishLine
Remarkable Breakout in MPS LTD.Good morning Guys! Here is a potential trade set up for next week. Providing you some pointers for MPS LTD. >>MPS Ltd experienced a beautiful breakout from a well-defined rectangle pattern last week >> As we see in a daily timeframe, it was religiously following a rectangular pattern since more than 1 year, it is more like a broadening rectangular pattern. >> After witnessing breakout it has retraced back to its breakout zone and again bounced back as bulls got activated, it seems lot of juice has still left. Sales and profits are also looking promising. Now question comes, How to trade in this zone as it has already shown significant moves ? So, Checks these pointers out to understand it. >>Either we can take entry while it retraces back to its BZ level or it gives a good upward move after little accumulation. >>IF it comes back all the way to 1460 that would be our trigger point. >>Now in second scenario if it does not give a pull back then we will wait for little consolidation and if we find a sort of engulfing type green candle then also we can think of taking entry. STOP-LOSS. Now stop loss would be deferent in both the scenarios. First scenario: Buying at Breakout Zone- we can go with 5% of stop loss. Second scenario: Buying higher level- In this case we will have to with higher stop loss, that would be 12%. Targets totally depend on your patience level. If you find this analysis helpful, please consider boosting 🚀 it. If you have some suggestions and any question please post in comment section. Please note- I am not SEBI registered, so do your research before investing.
NSE:MPSLTD
by BullishLine
"Beautiful Breakout in ESAB India: Unlocking Potential.Welcome back again. Today we will discuss about ESAB INDIA. >>Esab India was consolidating in rectangle channel pattern for 20 months. two weeks back it has given a breakout and retraced till its BZ. >>Again last week it has took support from crucial pivot point and bounced back with a good healthy green candle along with good momentum. >>Today this stock seems to continuing its bullish trend while overall market is being bearish. We can see from chart its consolidation phase was fairly long, so, we can anticipate a big run up from here. >>Now talking about its fundamentals, ESAB India Ltd is a leading supplier of welding and cutting products in India with the market cap of 7,849cr. Take a look Some financial pointers of this stock- *The company is debt-free. *ROCE (Return on Capital Employed) is at an all-time high of 71%. *Earnings show strong potential for future growth. *The PE (Price-to-Earnings) ratio is currently at 51. *Historically, the PE ratio has been at a higher level (66) for the past two years. *Given the past PE levels, the current PE of 51 appears reasonable and undervalued. *Considering these factors, it's a potential candidate for long-term investment. If you do not have a long vision in this stock then do utilize your Risk-Reward Ratio based on Your Risk Appetite. Level of 4500 stop loss makes lot of sense in this one. Do consider pressing the boost button🚀🚀, It helps me bring more interesting analysis. And if you've any question and suggestion please feel free to post in comment section. Please note I am not SEBI registered. Do your own research before investing.
NSE:ESABINDIA
by BullishLine
Abbott India is gearing up to give Breakout.Company's Overview. Abbott India Ltd is one of the market leader and multinational pharmaceutical company in India with a global presence in over 160 countries. It has a legacy of more than 130 years in the industry. Revenue Breakup. In FY22, injectables contributed around 40% of the revenues, followed by tablets at 39%, liquids at approximately 16%, capsules at 3%, and other products at 2%. Financials. >>Almost debt free company. >>ROCE- 41.1%, Which is considered to be an excellent return. >>Good growth can be seen in net profit margin. >>Maintaining a healthy dividend payout of 76.8%. Technical. As we have seen Last week, all chemical stocks had a good rally. It looks like this rally will continue further. So we will keep a close track on this stock because it still falls under one of the undervalued stock category. This stock was consolidating within an uptrend parallel channel. Last week, it closed near its resistance level. If it breaks out with a big candle and significant volume, we can enter the trade. We'll use a 1:1 risk-reward management strategy for this trade as explained in chart. This is my Analysis, I might be wrong sometimes Please do your 'own' due diligence before taking trades.
NSE:ABBOTINDIA
by BullishLine
Breakout Analysis on TATA Chemical. Tata Chemicals had a strong breakout with a huge candle on the weekly closing day. Tata Chemicals was in a 9-month rectangle symmetric pattern and recently broke out with good volume. While it has potential to reach its resistance, it's better to wait for a slight correction or retracement before entering. If it comes back to the breakout area, that would be an excellent time to consider entering. If not, we'll monitor if it sustains above the breakout level, and if it does, it's a green signal. Our entry strategy will have a 1:1 risk-reward ratio, as shown on the chart. Not a recommendation.
NSE:TATACHEM
by BullishLine