1:5 SWING TRADING OPPORTUNITY IN SUNFLAGRefer the chart for Entry,Target and SL.
NOTE: This trade is only for Equity Swing buy and not to be considered for options trading.
Please do follow Position Sizing and Risk Reward Ratio while planning any trades.
Note: This information is for education purpose only and please do your own research and consult your financial advisor prior to taking any action.
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SUNFLAG
Sunflag Iron & Steel Company - Long Setup, Move is ON...#SUNFLAG trading above Resistance of 230
Next Resistance is at 310
Support is at 144
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.
SUNFLAG - Long Setup, Move is ON..NSE:SUNFLAG
✅ #SUNFLAG trading above Resistance of 174
✅ Next Resistance is at 234
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.
Sunflag Iron & Steel Company Ltd - Long callSunflag Iron & Steel Company Ltd Analysis report.
Stock has broken 10 years trend line with gapup indicating strong momentum.
also forming inverted head and shoulder.
Safe to enter near neck line - sock may retest the neck line.
entry 153
SP - Trendline - 143
Target 190 :)
SUNFLAG - Ichimoku Bullish Breakout Stock Name - Sunflag Iron And Steel Company 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 151
#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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SUNFLAG IRON & STEELMarket Cap 1,608 Cr.
Promoter holding 51.2 %
Pledged percentage 0.00 %
Intrinsic Value 453
Stock P/E 7.72
Industry PE 16.70
ROCE 15.8 %
ROCE3yr avg 12.2 %
ROE 13.2 %
ROE 5Yr 11.6 %
OPM 12.7 %
EBIDT growth 3Years 17.5 %
Debt to equity 0.21
EPS 61 vs 12 last year
The product range includes : Rolled products, Billet/Bloom, Ingots, and Bright Bars etc. of varied shape and size range. These products are mainly used for manufacturing Automotive Transmission Gears, Drive Shafts, Steering System, Bearings, Exhaust System and other Engine Components to to various customers in South East Asian, North American and South American Countries, East African Countries, Europe, Japan, Taiwan and China.
It also supplies to Railways and Defence for critical/core applications.
The company owns and operates only 1 steel manufacturing plant in Bhandara, Maharashtra with a capacity of producing 5,00,000 tonnes p.a. of high-quality special steel. It has facilities like Sponge Iron Plant, Mini blast furnace, sinter plant, 30 MW captive power plant and other facilities.
The company is venturing into manufacturing of Super Alloy, which is an alloy for high performance applications like Aircraft Parts, Armaments, Submarine Parts, Space Vehicle and Rocket Engines, Nuclear Reactor, Supercritical Power Plants, etc. It received major machinery for commissioning its Super Alloy Project but due to lockdown the engineers from Germany at the Company's project site have been called back by their Government.
SUNFLAG - Long Setup, Move is ON..NSE:SUNFLAG
✅ #SUNFLAG trading above Resistance of 137
✅ Next Resistance is at 174
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.
Sunflag Iron And Steel Company LimitedSUNFLAG:- Rounding bottom pattern is formed, wait for breakout, till then 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.
SUNFLAG - Ichimoku Bullish Breakout Stock Name - Sunflag Iron And Steel Company 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 110.
#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, share & subscribe for daily analysis.
SUNFLAG | Good for Long NSE:SUNFLAG
Cmp : 101.15
Target : 7%+ Always
Stop Loss: According to one's Risk Reward ratio
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#SUNFLAG CMP 67.95 Target 90 #INVEST #STOCK #TRADE #STEEL #IRON#SUNFLAG
NSE:SUNFLAG
CMP 67.95
Target 90++
May Hold After Target Reached.
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Might blast to more than 100.
Super Bullish on this stock.
From Rachit Sethia with 💚