Calcom Vision Ltd #CALCOM #breakoutThe price is testing the all time high price levels fourth time now with good volumes building on the chart. This could be perfect setup for the price breakout as its going same level fourth time but with good strong momentum.Longby EquityFarmer3
CALCOM VISION a VCP in progressCALCOM VISION chart is forming a VCP structure in Weeekly Timeframe. Going thru the company fundamentals, looks like a turnaround situation. I have initiated my position @158 and set my Stoploss @145. Lets see how this plays out. *DISCLAIMER* This analysis is only for educational purpose. I am not a SEBI Registered Analyst/Advisor. Please consult your financial advisor before taking any position and please use a Stop Loss for any Investments/Trading Positions. It is your hard earned money so give risk management your highest attention. Do take this disclaimer seriously.Longby nishant_bhatt2
A micro cap FMEG company for your kind considerationA 210 crore market cap company manufacturing LED lights. It has MIT and a domestic fund holding 10% of its equity and 67% is owned by the promoters. It announced a small order win from amazon basics in march. An agreement has also been signed with a taiwanese bldc motor manufacturer thereby stating its foray into bldc fans/drivers. It announced a preferential issue of warrants on 18th April of Rs. 15.46 cr where MIT is participating with 1.8 cr and Promoter with 6.25 cr. O4 sales performance was the highest for the company at 46.89 crores as declared to the bourses on April earlier this year. As it is a micro cap, stock is very thinly traded and definitely not for the faint hearted. One can accumulate as close to the trendline and hold till trendline remains relevant. Longby Rocky_ChowUpdated 2