#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.
Stock 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...
Axita 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.
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...
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...
AXITA on Breakout and with good volume; above 64.8 on Wednesday 8th Feb for Intraday gains
-------------------------------------------------------------
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"...
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...
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...
Weekly 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.
Excellent fundamentals.
consolidated for over 3 months.
stock split. another consolidation and now breakout.
holding from pre-split levels.
making of a multibagger
