SULA | Positional Trade📊 DETAILS
Sector: Breweries & Distilleries
Mkt Cap: 5,595 cr
Incorporated in 2003, Sula Vineyards Limited is India's largest wine producer and seller as of March 31, 2022. The company also distributes wines under a bouquet of popular brands including "RASA," "Dindori", "The source," "Satori", "Madera" & "Dia" with its flagship brand "Sula" being the "category creator" of wine in India.
TTM PE : 58.46 (Average PE)
Sector PE : 76.97
Beta : 0.54
📚 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
9.46% away from 52 week high
Outperformer - Sula Vineyards up by 35.73% v/s NIFTY 50 down by -0.2% in last 1 month
📈 FINANCIALS
Piotroski Score of 8/9 indicates Strong Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
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Sula
SULA - Long Setup, Move is ON..NSE:SULA
✅ #SULA trading above Resistance of 590
✅ Next Resistance is at 828
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.
Sula - Strong momentum breakoutGiven a strong momentum breakout with good volume. Need to see if this will come for a retest or not, though chances are bit less, but if it does, a buy zone should be around 510-513 with a StopLoss of 5%. If you take entry at current price, SL would be decided on the closing of coming Monday's closing price.
Expected Targets are mentioned in the chart, I am expecting a 10-20% move before it goes for a correction.
Disclaimer - This is not a buy or sell recommendation, these are just my view on the stock price.
SULA - Bullish Consolidation Breakout with VolumesNSE: SULA is closing with a bullish consolidation breakout candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
SULA - Long Setup, Move is ON..NSE:SULA
✅ #SULA trading above Resistance of 494
✅ Next Resistance is at 590
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.
SULA - Long Setup, Move is ON..NSE:SULA
✅ #SULA trading above Resistance of 430
✅ Next Resistance is at 494
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.
SULA - Ichimoku Bullish Breakout Stock Name - Sula Vineyards 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 440
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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# Ichimoku Cloud
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SULA - Long SetupNSE:SULA
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.
Sula Vineyards LimitedSULA:- Ascending triangle pattern has formed, good stock for short term, keep your eye on the stock
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.