Hi,
An bullish on-neck Breakout pattern emerged on the daily chart of NSE:ELGIEQUIP
MACD on daily, weekly and monthly time frame is on the bullish side and also expecting the bullish setup to continue.
Level of Entry, Exit & Stop loss mentioned on the chart.
This idea is for educational purpose only. Take advice of your financial advisor before making any...
📊 DETAILS
Sector: Compressors / Pumps
Mkt Cap: 18,398 cr
Incorporated in 1960, Elgi Equipments Limited along with its subsidiaries, is in the business of manufacturing and supplying Air Compressors
** & Automotive Equipments**. It is also providing related after sales services
TTM PE : 45.78 (Low PE)
Sector PE : 45.66
Beta : 0.36
📚 INSIGHTS
...
1.Formed cup and handle chart pattern
2.Breakout above 623, so keep in watchlist
3.Fundamental Data points
Market Cap
₹ 19,224 Cr.
Stock P/E
47.8
Book Value
₹ 46.1
Dividend Yield
0.33 %
ROCE
24.4 %
ROE
23.8 %
PEG Ratio
1.98
Debt to equity
0.43
Price to Earning
47.8
Industry PE
47.0
Price to book value
13.2
Pledged percentage
0.81 %
ELGIEQUIP formed a base ( triangle pattern ) on a daily time frame. if breaks out the upper border of the triangle it will be the potential short-term swing trading opportunity.
DISCLAIMER: All ideas, opinions, and/or forecasts, expressed or implied herein, are for informational (educational) purposes only and should not be considered as a recommendation to...
#ELGIEQUIP #breakout #breakoutsoon #breakoutcandidate #Vcppattern #vcpbreakout
ELGIEQUIP : Holding Period (1-3 months)
>> Beautiful VCP pattern Visible
>> Good Volume Contraction Visible
>> Good Strength in stock
Swing Traders can lock 10% profit & keep trailing
Please Like or comment if u r Liking the analysis & Learning from it. Keep showing ur...
Elgi Equipment- Handle formation yet to complete for the target of 770. Even after C&H breakout, weekly candle close above 583 only will give momentum to fly higher.
Note: This is for educational purpose only.
vcp characteristics
-The Stock must be in stage 2 uptrend.
-A period of price consolidation must take place in thebase. ...
-Price volatility must contract through the base (from left to right). ...
-Price must correct through a series of smaller contractions.
Details of entry and exits are mentioned on charts. Stop loss ~5% and target ~15%.
Given target is for swing trading, if aggressively breaks wedge upper line expect it move rapid up in longer term.
Please Boost this analysis with likes and comments.
DISCLAIMER:
There is no guarantee of profits or no exceptions from losses.
The stock and...
The stock has gracefully established an upward trend pattern, demonstrating an impressive breakout following a brief pullback. This configuration appears to be a promising prospect for a long-term investment.
In the Weekly Chart of ELGIEQUIP ,
we can see that; it has created a Halt candle.
Possible momentums are shown in chart.
If it breaks Halt Candle's High we might see a 15-20% up move.
Enter on breaking Halt candle's High with Low as SL.
Description:
📈 ELGIEQUIP: Capitalizing on Crucial Support! 🚀
Explore an opportunity with ELGIEQUIP, a slower mover that's currently perched on a crucial support zone. Here's why this setup deserves your attention:
Key Points:
📊 Slower Mover with Steady Support: ELGIEQUIP, while slower in pace, is finding stability on a crucial support zone, offering a...
ELGIEQUIP is active for coming week up side movement
buying at 544 and hold to tight with sl 515
target 680 for 23% up side potential
and safe trader can enter 566.
