Skipper Ltd (India) - Breakout Setup, Move is ON...#SKIPPER trading above Resistance of 451
Next Resistance is at 720
Support is at 233
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
SKIPPER
Skipper Ltd (India) - Breakout Setup, Move is ON...#SKIPPER trading above Resistance of 292
Next Resistance is at 451
Support is at 215
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
SKIPPER - Weekly Chart Analysis, CMP-260.55After the low cheat trigger (80-85) it gave a weekly gap away move and went for the cheat levels. (120-125)
And now it seems to have successfully and heading for a pivot high levels (276-292) which is a supply zone.
An 18 week base of 32% range which has also given multiple shakeouts probably removing all the weak heads out it has closed the week on strong volumes.
239 shall act as a support now and a weekly close with follow through shall negate our view or Until the trend line is broken.
The stock has made a good squeeze and is now above all its key moving averages.
276 - 292 - 337 - 395 are the levels it can test in the long term.
Disclaimer: This is just a study and shared here for educational purpose. It is not a buy/sell recommendation in any way. If you intend to trade this counter then do your own due diligence and trade at your own risk.
SKIPPER - Long Setup, Move is ON..NSE:SKIPPER
✅ #SKIPPER trading above Resistance of 360
✅ Next Resistance is at 452
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
SKIPPER | Positional Trade📊 DETAILS
Sector: Engineering - Industrial Equipments
Mkt Cap: 3,330 cr
Skipper Ltd is engaged in manufacturing and selling of Transmission & Distribution Structures and Pipes & Fittings. It also undertakes EPC projects in the infrastructure segment.
TTM PE : 48.16 (Average PE)
Sector PE : 56.29
Beta : 1.25
📚 INSIGHTS
Strong Performer
Stock with consistent financial performance, quality management, and strong technical momentum indicating good investor enthusiasm. Currently valued at Good to expensive valuation
3.34% away from 52 week high
Outperformer - Skipper up by 23.31% v/s NIFTY 50 up by 1.44% in last 1 month
📈 FINANCIALS
Piotroski Score of 9/9 indicates Strong Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
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Skipper Ltd (India) - Long Setup, Move is ON...#SKIPPER trading above Resistance of 233
Next Resistance is at 292
Support is at 153
Here are previous charts:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Skipper Ltd (India) - Long Setup, Move is ON...#SKIPPER trading above Resistance of 153
Next Resistance is at 233
Support is at 122
Here is previous chart:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
SKIPPER - Ichimoku Bullish Breakout Stock Name - Skipper Limited
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 143
#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
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Skipper ltdSkipper ltd, this stock is looking in good momentum on daily, weekly, and on monthly too, along with cup and handle chart pattern breakout along with good intensity of volumes too, also wave structure is suggesting bullish bias at the same time, one can go long at current levels and can add more in dips (if any), overall, its looking good candidate for longs.
Whole scenario chart pattern and breakout
Trendline breakout along with price challenging upper bollinger band in daily
RK's Magic Buy Signal along with RK's Mass psychological Cloud also suggesting positive bias ahead
wave structure is also suggesting bullish ahead
Weekly upper band challenged
Monthly upper band challenged
Macd in daily positive uptick
Macd in weekly positive uptick
Macd in monthly positive crossover and uptick
Rsi in daily positive uptick
RSI in weekly positive uptick also breakout
dmi adx positive in daily time frame
dmi adx positive in weekly time frame
dmi adx positive in monthly time frame
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
SKIPPER LTDSKIPPER:- Cup and handle pattern formed with good volume, keep eye on it
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.
SKIPPER - Ichimoku Bullish Breakout Stock Name - Skipper Limited
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 86
#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
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, it motivates me to do analysis.