AXITA COTTON LTD @ 9.01LTP: 9.01
Resistances: 9.68./11.25, 22, 27, 47.
Support: 8/7
Bullish above 9.68
Break of 9.68, we can see 11.55, 126, 21, 25, 46
AXITA trade ideas
Axita cotton can spinBuy axita cotton cmp 12 for long term target of 58, 135
Textile sector will be theme of the year 2025.
and axita cotton is available at very cheap price.
Dont miss to accumalte
#axita after split (refer the structure change)#axita After split 4/3 the chart changed it has formed a new structure now again started moving. you can refer to my previous and current charts for a better understanding.
Only Fundamentals analysis to enter in This stockStock is Beaten down and still revenue is all time high
Company looking for extension
That aggressive sell due to high PE ration and all thing almost flat and it is looking to breakout
Hold it and enter this stock for big targets
CMP is 30.10
make SL of 26
target is big
32-35-38
if this stock cross all these level we can see almost 80% upside for target of 40-45
(keep in Mind Chart can look bad but if stock fundaments are good it can easily move for upside )
Axita Cotton LtdAxita Cotton Ltd
is in the business of manufacturing, trading, processing, finishing of cotton bales
Market Cap = ₹ 768 Cr. ROCE = 49.1 % ROE = 38.4 %
Debt to equity = 0.10 Profit Var 3Yrs = 265 % Promoter holding = 70.0 %
it is good strong finacial small cap company with strong momentum
thanks for support my ideas.
AXITA COTTON
I suggest buying Axita cotton at its current price, with a stop-loss placed at 28.80. This means if the daily candle closes below that price, it would be a signal to exit the trade. In the short term, we can expect a target of 39.50. It's important to note that the stock price has recently increased after the board approved a bonus share issue in the ratio of 1:3. ratio. This means that shareholders will receive an additional share for every three shares they currently hold.
Remember
"Trading is not about making quick profits; it's about managing risks and waiting for the right setup to present itself." - Peter Brandt
#AXITA on my radar added some qty at 30#AXITA is very near to a long consolidation breakout. Results and other fundamentals look good.
Strong BOAXITA
- Huge Volume BO
- Good consolidation Before BO
- Good R:R
- Trading above all Important EMAs
- Bullish RSI
AXITA - Long Setup, Move is ON..NSE:AXITA
✅ #AXITA trading above Resistance of 69
✅ Next Resistance is at 82
✅ Volume Expansion
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.
Axita Cotton longPrice moving up with strong volumes. but a great support around 51. So buy around 51 for a good up move
Note: Only for education purpose
AXITA on Breakout; above 64.8 for Intraday on WednesdayAXITA on Breakout and with good volume; above 64.8 on Wednesday 8th Feb for Intraday gains
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INTRADAY Trading Strategy based on 3 stages of a breakout:
1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within the first five to 15 minutes. "High Risk Traders" buys in hope of another 2% upmove intraday.
"High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also
2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage").
Safe traders with minimum risk profile may Wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage
3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.
Both Safe Traders/High Risk Traders may book profits at this stage
Stop Loss: You may keep the stop loss @ "Open" price of the day OR "Breakoutprice"
The above information is not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendation.
AXITA - Ichimoku Bullish Breakout Stock Name - Axita Cotton 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 62
#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
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Axita Cotton Limited AXITA:- Rounding bottom pattern is formed wait for the 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.
Axita cottonWeekly RSI is above 60.on daily chart it is taking support on 60 with good volume.
It is showing some kind of strength and momentum. We can go long with strict stoploss because of current situation in market.
Be careful with your positions.
This analysis is made for educational purpose only.
AXITA BreakoutExcellent fundamentals.
consolidated for over 3 months.
stock split. another consolidation and now breakout.
holding from pre-split levels.
making of a multibagger
