SAREGAMA: Can expect good upmove only if...1. It break the trendline on the upside.
2. Price is rejecting from the lower levels.
⚠️ Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Views are personal. Please, do your due diligence before investing.⚠️
💬 Drop your thoughts below in the comments section if you liked this analysis!✌️
🔥Happy trading!✅🚀
SAREGAMA
Saregama India cmp 551.10 by Weekly Chart viewSaregama India cmp 551.10 by Weekly Chart view
- Price Band 545 to 575 Resistance Band
- Close to 30 months long Bullish Rounding Bottom
- Stock Price is decently above EMA 20, 50, 100, 200
- Technical Indicators of MACD, RSI are seen getting positive
- Volumes spiked heavily last week indicating demand based buying
- Price closure above Resistance Zone with supportive Volumes would probably trigger a fresh breakout to go beyond ATH for creation of New Lifetime High Milestone
Parallel channel breakout with High VolumesNSE:SAREGAMA today broke its Parallel Channel with Heavy Volumes respecting 100 EMA and getting accumulated between 441 - 482 Zones on Daily Timeframe.
Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
SAREGAMA - Ichimoku Breakout📈 Stock Name - Saregama India Limited
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 632.
🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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Swing Momentum stock 15 feb 2024Saregama India Ltd |Swing Momentum stock 15 feb 2024
Saregama is the oldest music label company from India (established 1902, erstwhile "Gramophone Company of India" & then "HMV"). The company is aiming to be a pure-play content company supported by the global consumption boom.
financial: strong
Market Cap = ₹ 7,546 Cr. ROCE =17.6 % ROE = 12.8 %
Debt to equity= 0.00 Promoter holding = 59.1 %
Quick ratio = 3.48 Current ratio = 4.24
Profit Var 3Yrs = 58.8 % Sales growth 3Years =12.2 %
this is really good momentum stock with strong financial.
Rsi is also in uptrend.in past there is good movement in huge volume.
this sector is always forever. so my view is long time bullish.
Note: I am not SEBI registered financial Adviser. I solely present my views on chart .I do not charge any kind of service. This is not buy sell recommendation.
If you like my ideas than like boost and follow me for more ideas.
Thanks and comment freely
Saregama-A breakout to have in watchlist!Saregama has been consolidating in an ascending triangle flag pattern since past 3 years after giving multibagger returns from 2020.
Stock is getting ready for a breakout. If stock gives weekly closing above 360, stock can move quickly towards 500 and them to 750.
Nifty media has been underperforming and this stock can fly once Media sector starts its bull run.
Saregama music has startedSaregama from Media industry has made clear flag breakout. In 2020 Q1, it made such flag breakout and rose significantly. Similarly, 2024 Q1 breakout has happened. Fundamentally strong company. Working capital of the company rose significantly from 98 to 176 which is downside apart from valuations. In bull market, who cares valuations...haha. Mad run in many smallcap.
SAREGAMASAREGAMA:- Ascending triangle pattern is formed wait for breakout, keep on eye.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Saregama - An Investment OpportunitySaregama is under the long consolidation zone. Breakout can be observed in the stock above R2 (Mentioned in the Chart ).
Time to invest in a fundamentally good company.
Disclaimer- This is not a piece of investment advice. Please do consult your financial advisor before investing
SAREGAMA SHORT TERM CHARTSsaregama is strong chart..
havent corrected at all in weak markets..
i took position month ago at 960 with sl 890..
stock had continously touched 1085-1095 levels and came down..
once the resistance of 1100 closing basis is crossed.. further 15% upside possible.. now SL marginaly above cost at 999..