@ELECTROSTEEL CASTING LTD Price Breakout after long time(2008) with volume on weekly chart
Technical
RSI-Above 50
RS- Positive
Super Trend-Positive
Fundamental
Revenue-Good(Qtrly Basis)
EBITDA Margin- 10% to 15%
GP Margin-30% to 40%
PE-16(Below Sector PE 28)
D/E- 0.6( below 1)
Interest coverage ratio-2.45 time of Ebit
Strategy-Buy on Dip
Stop Loss- 2008...
The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below...
SWING Trading Strategy:
Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)
INTRADAY Trading...
Electrosteel Castings Daily Chart Analysis
- Clear Reversal from Support.
- Made Double Bottom Pattern.
- Bounced Back from Previous Swing Low.
- Volume is Highest in past 4 months.
Buy above 160. Targets = 183/194. SL =143
Disclaimer : Not just a post. Get a hint from the Analysis. Grow up.
A bullish Flag and Poleon Daily chart of NSE:ELECTCAST is emerged with Very good volume.
Long position can be created in the scrip as per the price levels mentioned on the chart.
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The Risk Reqard Ration is 1:2.5 or more.
Exit the position if the...
Electcast cmp 169
Strongly moved 78% in previous run and corrected 20%, still holding above the support levels indicates a strong up move towards the high.
resistance levels 184 - 185.60.
Can buy with the target of 192, 202, 218
30% Upside Potential
The stock recently experienced a significant multi-year breakout, marking a notable event after 15 years. What adds to the significance is the good volume accumulation observed before the breakout, indicating substantial market interest and potential buying activity. This combination of a lengthy multi-year breakout and volume accumulation suggests a strong and...
ELECTCAST - Nov 2023 Multiyear BO Confirmed. Wait for Pullback for Good entry.
This is not a buy sell reccomdation. This is for my learning and recording purpose.
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Lets analyse a stock with wyckoffian 3rd law ..... ..........Volume is the EFFORT and Spread (Price) is the RESULT ............. someone just looking at only price and ignoring ........VOLUME ............ HALF the data thats available for analysis
Wyckoffian 3rd Law also gives importance to HARMONY...
Electrosteel Castings Ltd
CMP : 60.60
1) Stock has broken out above crucial resistance zone and multi year highs
2) Price is consolidating since the last two months between the range of 55 to 65
3) A move above 65 - should generate strong momentum in share prices towards 95 and 105 levels
4) Overall long term structure is very pullish and stock should find...
