Sirca Paint cmp 319.75 by Weekly Chart view*Sirca Paint cmp 319.75 by Weekly Chart view*
- Support Zone 279 to 290 Price Band
- Weekly basis Support at 252 > 198 > 145 with Resistance at 379 > ATH 444
- *Stock has formed a tightly close Bearish Head & Shoulder with neckline at Support Zone*
- *Stock Price has reversed from Support Zone Multiple Times & now yet again Stock Price is back again to the same status to Breakout OR Breakdown, needs to be seen ???*
SIRCA
SIRCA - Ichimoku Bullish Breakout Stock Name - Sirca Paints India Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 650
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
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Sirca Paints Breakout1. 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 RSI close below 30 (or use any other method of your liking)
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 a consolidation since December 2021, NSE:SIRCA has given a breakout today. Buy with a stop just below ₹580. (One can use the low of the previous bar/supertrend indicator/previous support point/fixed percentage from the buy price as stop loss also)
Strengths: -
1. Quarter sales growth is at 90% and quarter profit growth is at 428%, TTM sales growth is at 40% and TTM profit growth is at 90%
2. 5-year average ROE at 15%
3. Debt to equity at 0.00(less than 1 is good), Interest Coverage at 841(greater than 3 is good), Current Ratio at 5.51(greater than 1.5 is good)
4. The company has been maintaining a healthy dividend payout of 20.3%
5. Debtor days have improved from 107 to 85.0 days
6. The company's median sales growth has been 15.5% in the last 10 years
Weaknesses: -
1. Stock is trading at 7.67 times its book value
2. The company has a low return on equity of 11.9% for the last 3 years
Disclaimer: I am not SEBI Registered. Do trade or invest at your own risk, I am not responsible for any losses and won't claim anything from your profits either. Take financial advices from your advisors before jumping in.
DAILY SWING CALL // Wednesday 2nd of June 2021 // SIRCADAILY SWING CALL // Wednesday 2nd of June 2021 // NSE:SIRCA
// This is a swing trade call and not an intra-day trade. Please do not expect the stock to go up on the same day of posting or within a few sessions. Please follow the notes along with the posting before, during and after entering the trade //
CMP / LTP: 369
TARGET: 425+ (15% Around)
STOP LOSS: 332 (10% Max)
Standard Notes:
- Please follow the Stop Loss strictly and preferably on a daily closing basis.
- Recommended Profit Booking / Exit is on +12-15% & If you still want to hold the stock, trail the SL once this target is achieved.
- Duration: 15-20 Trading Days is suggested for all my trades and is an indicative period.
- If SL / Target are not triggered and you still wish to hold the trade, this can be done as long as SL is followed or trailed.
Disclosure: I may or may not have a position in this trade.
Disclaimer: All the recommendations are subject to market conditions. Please trade at your own risks.
SIRCA PAINT INDIA LTD- 17 Sep,2020
Tried to break the triangle but not supported by the volume. MA55 will cross above MA200 on 17 Sep,20. Target on chart.
Disclaimer : The opinions and analysis expressed herein are for informational and educational purposes only and should not be considered as individual investment advise or recommendations. I am not your financial advisor. Risk it for Biscuit.