- Technical Analysis:
- Found support from the lower trendline.
- RSI breakout indicating increasing bullish momentum.
- Formed a bullish marubozu candlestick pattern at the support level.
- Currently showing upward movement and may attempt the upper trendline again.
Trade Strategy:
- Entry: Consider buying on continued upward movement.
NSE:CANTABIL
If stock crosses above 220 which is above Super Trend reversal level as well as Break Out level then the 1st target is around 233 level and 2nd target near 248 level on 1 Hour chart. Trailing Stop Loss below 20 period Moving Average and Super Trend support whichever is low.
Cantabill Retail Ltd is offering low risk set up. Tomorrow Company will announce the record date for split of share as per information submitted to exchange. Keep on radar. Can see momentum once record date will be announced.
Detailed View about this Breakout:
No.of Resistance: 4
No.of Support: 3
Consolidation Days: 375+ Days
I Post educational chart for 3 Swing / Potential Stocks Everyday.
Check Related Ideas section for more Swing Stock analysis.
Cantabil Retail Ltd is looking good on chart. Stock is trying to break falling trendline. keep on radar. Need to be careful as small cap index is also trading near resistance. Proper risk management is very important.
About Company:-
Cantabil Retail India Ltd was incorporated in 1989 and started its readymade garments manufacturing and retailing business in the year 2000.
Market Cap
₹ 1,652 Cr.
Current Price
₹ 1,011
High / Low
₹ 1,595 / 800
Stock P/E
28.2
Book Value
₹ 111
Dividend Yield
0.25 %
ROCE
21.8 %
ROE
26.8 %
Face Value
₹ 10.0
Debt
₹ 300 Cr.
EPS
₹ 35.8
PEG...
Stock is at the point of make or break. BD of the TL may be the result of 950 levels. Keep the stock in your watch list. This is for your educational purpose only.
Entry 1170
Qty 20
SL 1125
Risk 900rs
Very good breakout after strong consolidation and trendline break on daily time frame
Weekly candles closed very tight range and now broke out.
1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price)
4. Sell on initial stop loss hit or daily RSI closing below 40
5. Some other ways to sell stocks can be
a. 25% or 50% up in three weeks or less
b. Weekly tailing tops with high volume
c....
#CANTABIL (D):- CMP 1105.3 Looks Good For More Upsides :)
#Disclaimer:- View shared is for educational purposes only. Conduct your due diligence before making any trading/investment decisions.
Resistance is broken with high traded volume and delivery volume. The stock is consistently outperforming the Nifty 50. It's near the up trend line. May consolidate for a while and then again start the up journey. SL is 902, and the target is 1207. This is only for study purposes.
This is follow-up on Cantabil Retail India. Can check link to related ideas.
Target 1 achieved. More than 37%. Target 2 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered....
This is follow-up on Cantabil Retail. Can check link to related ideas.
Target 2 achieved. Gain of more than 78%. Target 3 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered....
