BUTTERFLY - PRICE REVERSAL POST CORRECTION OF 64%Hi All,
This idea is about Butterfly Gandhimathi Appliances Ltd
CAUTION: Please keep in mind that FY24 was not at all good for this company and this idea is purely based on technical analysis
Weak Fundamentals
Market Cap - 1500 Cr
Stock PE - 184
ROE - 2.8%
ROCE - 5%
Promoter Holding - 75%
D/E - 0.01
Technicals
Post correction of 64%, price has reached a point where horizontal & rising support meet and price action is showing signs of reversal
This is a weekly chart & therefore time is required in order to reach different targets marked on the chart namely T1, T2, T3
Happy Trading,
Stock-n-Shine
Reversal
TIPS INDUSTRIES DESCENDING CHANNEL BREAKOUT REVERSAL STRATEGY TIPS INDUSTRIES
1. Descending channel Breakout reversal strategy
2. Close within 52W high zone (-12.1%)
3. Close above the previous day's high
4. High increase in 1 month (+8.8%)
5. High increase in 6 months (+32.6%)
6. High increase in 12 months (+92.7%)
7. Promoter holding 63.9 %
8. Pledged percentage 0 %
9. Change in Prom Hold -5.06 %
10. FII holding 2.09 %
11. Chg in FII Hold 1.24 %
12. DII holding 8.17 %
13. Chg in DII Hold 7.26 %
14. Stock PE 47.1
15. Industry PE 45.6
16. ROCE 107 %
17. ROE 80.6 %
For Educational Purpose Only
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VIEW - bullish / long
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stoploss - below 407-415 closing basis
timeframe : 12 weeks
disclaimer: it is a educational purpose publication and not a trading recommendation.
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GNFC 2H CHART ANALYSIS FOR REVERSALNSE:GNFC
#GNFC 2H Chart Analysis🧐
🔹Trend : Down
🔹View : Upside Reversal
🔹Structure : Bear trend + Inverse Head & Shoulder formation near trendline resistance.
🔹Entry : Breakout trade Above 642.50
Detailed analysis on chart Study it and mark levels on your chart.
Keep Learning
Happy Trading.