it consolidation in a tight range after good raise with volume from 50EMA on weekly scale.
all short term EMAs are colluded.
formed inside candle.
consolidation above short term EMA.
📊 DETAILS
Sector: IT Services & Consulting
Mkt Cap: 2,390 cr
Axiscades Technologies Limited is a technology solutions company focussing on engineering solutions and services.
TTM PE : 107.53 (Average PE)
Sector PE : 42.81
Beta : 0.96
📚 INSIGHTS
Mid range performer
Stock with medium financial performance with average price momentum and...
Axiscades Technologies
It is a technology solutions company focussing on engineering solutions and services.
Market Cap₹ 2,380 Cr.
ROCE 22.8 %
InstHold0.08 %
Breakout into Strength with 8X Relative volume.
#StocksInFocus
Entry - 375
Target - 455
SL - 353
EMA 10 > EMA 21 > EMA 50 > EMA 150 > EMA 200
Price at 52 W high
Price brokeout the 6 month long consolidation and retested the Break out
Along above 377. The stock is in momentum and could no easily break the darvas box too.
Once the wedge breaks and there is follow thru the stock could catch significant momentum.
stoploss below 355.
AxisCADES Engineering Technologies Limited (referred to as AxisCADES) is an Indian multinational company that provides engineering design, manufacturing, and software services to various industries. The company primarily operates in the fields of aerospace, defense, automotive, industrial products, and energy sectors. Here is some key information about...
#AXISCADES
Good opportunity
with small SL
CMP:292 @ 10 Dec 2022
Disclaimer: This is not an investment recommendation, advice, research report, or stock tip of any nature.I am doing this only to understand how to read chart and technical. Strictly for educational purposes only.
The stock could be pivoting/consolidating after the sharp move it has made already. The company reported good numbers and could continue to report the same.
watch for the pivot breakout above 303..the stock could make a new high post that.
Stoploss for the trade would be 275..
Another option could be if it first falls to around 275 and bounces between 275 and...
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...
Stock Name - Axiscades Engineering Technologies 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 221
#This is not Buy and Sell recommendation to any one....
Axiscades Technologies (W)
▶️Buy above 221
▶️Targets:-240/260/280/300+
▶️SL:-175
▶️4 Year Long Resistance Breakout w. Cup & Handle Pattern
{Chart shared for educational purpose}
