BBOXBBOX is ready to breakout.
Earnings announced recently. If it breaks resistance line then there is a good chance to move up.
BBOX trade ideas
Exciting Bullish Pattern Alert!!📉 Alert! Bullish Pattern Spotted! 🐻
📊 Pattern: Inverted Head & Shoulder
📌 Symbol/Asset: BBOX
🔍 Description: Pattern breakout with volume, good upside possible.
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
Black Box Ltd - BuyTechnicals
Black Box Looks good for a Buy from a Monthly Demand Placed between 74.55-60
Entry - 75
T1 - 112
T2 125
T3 146
SL - 40
Holding Period 6-9 Months
Fundamentals
Positives
*Growth in Net Profit with increasing Profit Margin (QoQ)
*Increasing Revenue every quarter for the past 2 quarters
*Book Value per share Improving for last 2 years
*FII / FPI or Institutions increasing their shareholding
*Annual Revenue rose 14.8%, in the last year to Rs 5,376.5 Crores. Its sector's average revenue growth for the last fiscal year was 20%.
* Quarterly Revenue rose 20.5% YoY to Rs 1,672.8 Crores. Its sector's average revenue growth YoY for the quarter was 20.5%.
*Return on Equity(ROE) for the last financial year was 27.9%, more than 20% in the last financial year, indicating an efficient use of shareholder's capital to generate profit.
Negatives
*ROCE declining in last 2 years
*Poor cash generated from core business Declining Cash Flow from Operations for last 2 years
*Annual Net Profit fell 6.9% in the last year to Rs 72.7 Crores. Its sector's average net profit growth for the last fiscal year was 37.4%.
*Quarterly Net profit fell 49.3% YoY to Rs 7.8 Crores. Its sector's average net profit growth YoY for the quarter was -3.9%.
BBOX WEEKLY ANALYSIS CMP 166.9 Buy for target 200- 227- 268-BBOX WEEKLY ANALYSIS
CMP 166.9
Buy for target 200- 227- 268-296-330+
SL below 120 - candle closing basis
BBOX - Ichimoku Bullish Breakout Stock Name - Black Box 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 166
#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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# Ichimoku Cloud
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Black Box Ltd: Range breakout of 4 monthBlack Box is looking good to long as coming out from last 4 month consolidation with strong volume. Keep on radar.
