After breakout 600+ possible 0.618 support zone 375-400 levels support
Triangle breakout in Everest Industries Limited. Good time to take long position for swing trading
The stock has given a long term falling trendline breakout. It is already bullish on daily / weekly timeframes. Targeting all time high in a years time maybe. This is not an investment idea for but sharing my thoughts for education purpose
Everest Industries Cmp 475 dated 26.7.2021 1. Rounding Pattern on chart BO @ 480 Buy for a tgt of 515-580 and higher tgt of 830 SL 430 It is just a view, pls trade at your own risk.
+ Ve + Zero debt company (Debt to equity 0.02) + Debt reduced from 79 Cr to 8 CR + MarCap to sales 0.57 + Low Price to book value and PEG + PE 12.3 < Industry PE 22.2 + Good early '21 and Quarterly results March'21 + ROCE increased from 5% to 18% + FIIs increasing holding -Ve - Micro cap 700 CR company Technical + Breakout of 2019 price + HH-HL structure on...
Buy @ 230.5-232.5 SL 3% of Buy Price TG 6%-8% of Buy Price (245-249)
Buy @ 430.5-432.5 SL 3% of Buy Price TG 6%-8% of Buy Price (445-449)
This scrip is expected to give breakout in the coming days as it is getting close to trendline. So traders keep on your radar to catch the momentum and enjoy the profit. Thanks to all 🙏🙏🙏
Strong Breakout Low Volume Pullback MacD Coming out of oversold At Strong Support Looks Great to Buy near 360/370 areas Sl below 355/350 area Tgts 400+
The stock always respects it's trend line and expecting it to continue the same this time also.
BUY AT CMP 400 SL AT 370 TARGET 450,515,600++
Everest is looking bullish and may give good risk and R:R Inv. Head & Shoulder neckline breakout done..