RUPA - Reversal Pattern - Multibagger PotentialPrice Analysis & Overview:
1. Good Volumes
2. Strong bullish candle formations.
3. Expecting ATH break
4. RRR is favourable.
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Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Views are personal. I share whatever I do. Please, do your due diligence before investing.
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Anubrata Ray
RUPA
RUPA - DARVAS BOX BREAKOUT DAILY CHARTThe stock has formed DARVAS BOX pattern
on the DAILY chart.
One can enter above 342 with a strict Stoploss of 320
Target 1 - 360
Target 2 - 380
Target 3 - 400
#SWING TRADE
What is your view please comment it down and also boost the idea this help to motivate us. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
Long term view_Rupa & Company LimitedHello Everyone,
Today, I have selected the stock as RUPA.
I have tried to explain the pattern formed in Rupa from all time low to till now. Discussed, the possible movement in near future & how Rupa can perform in long future.
I am also sharing you the link of KCT channeling technique where I have covered the use of channels in identifying the wave structure.
I am trying to cover "A stock analysis on per day basis" in order to explain concepts behind "The Elliott Wave Theory"
I am also sharing the link of the book written by Mr. R N Elliott where, he has explained all the concepts in details regarding Elliott Wave Theory.
Please like share and comment. Thank You!
Rupa Range BreakoutChart -> Rupa Daily
Rupa & Company has given a range breakout with a huge volume. Target will be distance of high and low of consolidation range and SL will be recent low.
CMP: 571
Good range: 520 to 550
Target: 700
SL: 480
Disclaimer: This is for educational purpose only. This is not any recommendations. I am not SEBI registered. Please consult your financial advisor before taking any action.
Rupa Higher Top Higher Bottom1. 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 Amount/(Buy Price-Initial Stop Loss Price)
4. Sell on initial stop loss hit or daily RSI closing below 40
5. Some other ways to sell stocks can be
a. 25% or 50% up in three weeks or less
b. Weekly tailing tops with high volume
c. Exhaustion gaps
d. Heavy daily volume without further upside
e. Largest one day price drop
After taking support at the 385-400 support zone, NSE:RUPA has created a high volume higher top higher bottom pattern on the daily charts. Buy with a stop just below Rs.434. Rupa has registered a TTM sales growth of 42% and TTM profit growth of 96% in the last quarter.
Other fundamentals:
1. Average ROE for last 3,5 and 10 years above 15%
2. Current PE of 18.78 is much less than 10 years average PE of 26
3. Company has been maintaining a healthy dividend payout of 31.16% (consistent dividend payer since 2010)
4. Debt to equity at 0.43 (less than 1 is good), Interest Coverage at 18.4 (greater than 3 is good), Current ratio at 1.98 (greater than 1.5 is good), FCF to CFO at 72.4%.
5. There are 18 sub-brands under brand Rupa -Frontline, Jon, Air, Macroman, Euro, Bumchums, Torrido, Thermocot, Kidline, Footline, Softline, among others.
6. Exclusive license for the brands:
a) French Connection UK (FCUK)
b) Fruit of the Loom (FOTL)
The FCUK and FOTL products have been launched at different locations in India.
7. Company's growth plans include expansion of footprints in South and Central India, as well as beyond Indian shores into international markets viz, the Middle East, South Asia, South East Asia, and others.
Expecting a Bullish Momentum in RUPAAs per the 2 Hour Chart of RUPA, we have witnessed the Formations of a “Bullish Engulfing” and a “Morning Star” Pattern on the downside levels.
Therefore, we are expecting to witness a bullish momentum in the stock in the upcoming trading sessions. Wherein, the stock is being expected to face a resistance initially at around the levels of 496.10, 505.80, and 516.30. Whereas, on the other hand, on the downside levels, the stock may face a support at the level of 481.15, on closing basis.
Closing Price (as on 27.04.22) : 486.95
Disclaimer: No financial information whatsoever published here, should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for Educational and Information purposes only and under no circumstances should be used for making investment decisions. Viewers must consult their personal financial advisor before making any actual investment decisions, based on information published here. Any Investor or Trader taking decisions based on any information published here, does so entirely at its own risk. Investors and Traders should bear in mind that any investment in Stock Market is subject to unpredictable market-related risks.
Rupa going to give breakout tomorrow?1. 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. Either sell on initial stop loss hit or when closes below daily supertrend
With YOY sales growth of 25% and YOY profit growth of 35%, Rupa may give high volume breakout tomorrow after a consolidation of 6 months. If it can stay near the top till 3.15, buy with a stop below Rs.509.
Other Fundamentals:-
1. Average ROE for last 3,5 and 10 years above 15%
2. Current PE of 19 is much less then 10 years average PE of 26
3. Dividend yield of 0.58 (consistent dividend payer since 2010)
4. Current ratio 1.98, Debt to equity 0.43, Interest coverage ratio 18.4
5. Very high FCF to CFO of 72%
All in all, a fundamentally strong company on verge of a consolidation breakout.
RUPA CMP504 TGT992 (Buy only above 560)Very Clear Cup and Handle Formation. After Breakout Minimum Target should be 556+436= 992.
Buy only above 560 with 6-9 months Time-Frame.
SL should be kept at 540
All Prices should be adhered on a Weekly Closing Basis.
Fundamentally all Ratios and Valuations support investment rationale.
(PE-21, ROE-26, ROCE:30, OPM:19)
Disclaimer: No Buy/Sell Recommendation. Only for Information Sharing purposes.
Rupa & Co, 555 ka bomb!CHART -> RUPA & Co WEEKLY SETUP
As seen per the charts:
1. Big Cup and Handle formation is under construction, with 555 as resistance. Any weekly close above 555 will be considered as breakout.
2. Last correction in the stock has formed a double bottom pattern, which is also a bullish pattern.
3. After double bottom, we can see huge volume bars also.
We have to keep an eye on 555 levels, if this breakout happens, there will be a minor hurdle of 589, but all-in-all stock will be entering into new territory to explore.
Disclaimer: This is for educational purpose only. This is not any recommendations. I am not SEBI registered. Please consult your financial advisor before taking any action.
RUPA Trendline BreakoutCHART -> RUPA & COMPANY DAILY SETUP
Rupa has given a trendline breakout with huge volumes, RSI was also facing hurdle to get above 64.. Now it is 66. Also the price is near to 200 DMA, giving more scope to rise.
Disclaimer: This is for educational purpose only. This is not any recommendations. I am not SEBI registered. Please consult your financial advisor before taking any action.
Rupa in choppy watersThe stock has reverse from its peak and will find support only at 385 as marked in the chart. Fibonacci 0.61 retracement levels also matches with this traditional support. the stock will take support at 385 and then revisit the up trend. Volumes are not encouraging.
For academic exercise.
RUPA - Breakout on Monthly Chart can enter on Breakout Retest
Fresh Monthly Breakout seen above 490 close
Trgt 1 : 715
Trgt 2: 850 (Will recheck after 1st Target is achieved)
Try and renter around 520-525 levels good chance of pullback
Duration : 3-6 months
SL - 470 weekly close
Co is Fundamentally sound and available at attractive valuation when compared to its peers
Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position.
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