SUPRAJIT - Ichimoku Breakout📈 Stock Name - Suprajit Engineering 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 621.
🚨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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SUPRAJIT
SUPRAJIT - watchout for weekly close above 454NSE:SUPRAJIT
cmp 452
keep a watch for weekly close above 454
weekly close above 454 will do wonders for the stock and expect good returns
had already posted this stock idea on 26th Feb when price was 421
The objective of this analysis is knowledge sharing and education. There isn't any buy or sell advise in this article. Every stock is held for a short to medium amount of time and is positional.
It is expected of each person to carry out independent research and evaluation to ascertain whether my perspective is consistent with your studies.
SUPRAJIT - ready for the big move NSE:SUPRAJIT
cmp 421.70
ready for the big move
The objective of this analysis is knowledge sharing and education. There isn't any buy or sell advise in this article. Every stock is held for a short to medium amount of time and is positional.
It is expected of each person to carry out independent research and evaluation to ascertain whether my perspective is consistent with your studies.
Suprajit on the verge of breakoutNSE:SUPRAJIT is on the verge of a good breakout. This is the weekly chart structure. My recommendation here on the basis of price action is that you need to buy after breakout and keep a stop loss at 445 once the breakout takes place. This will help in safeguarding you as you will only buy on momentum. Consolidation has been good.
SUPRAJIT | Swing Trade📊 DETAILS
Sector: Auto Ancillaries - Others
Mkt Cap: 5,668 cr
Suprajit Engineering promoted by Mr Ajith Kumar Rai, started as a single-product (cables) to TVS Motor in 1985. Over the years, Suprajit has emerged as the largest supplier (market share of ~65%) of mechanical cables to the domestic 2W and passenger vehicle (PV) market with rising revenue share from aftermarket and exports.
TTM PE : 38.59 (High PE)
Sector PE : 39.39
Beta : 0.87
📚 INSIGHTS
Mid-range performer
Stock with medium financial performance with average price momentum and valuation. These stocks may be affordable and are showing some investors interest.
8.71% away from 52 week high
Outperformer - Suprajit Engineering up by 9.57% v/s NIFTY 50 up by 3.13% in last 1 month
📈 FINANCIALS
Piotroski Score of 4/9 indicates Weak Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
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Breakout in Suprajit Engineering...Chart is self explanatory. Entry, Targets and Stop Loss 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.