EVEXIA LIFECAREEvexia Lifecare Share on Monthly Frame. On breakout of W pattern on monthly frame,it can hit a target of 6 in upcoming months.
EVEXIA trade ideas
EVEXIA -- Strong support - Trend ReversalHi Guys, from past 6 months it been on my watchlist and finally it has found the support at 10.20 (SL), Showing a good momentum for solid return. Target mentioned on the graph. This is my 1st post and purely educational purpose. Happy Investing.
Short term target Evexia has a strong support @ 10.2. It has formed a triangle pattern and it will achieve the target of 12.5-12.7.
Evexia Lifecare - Possible Bottom formation Looks like an interesting play on catching the bottom. Heavy volumes were seen in the last couple of months while it corrected just about 20%(the decline from 136-110). That is a strong indication of accumulation by smart money. Already at a key S/R Level. RSI divergence is evident over the last few weeks. Wait for a closing above 124 to be doubly sure. Can easily give a Risk Reward of 4-5 (or even much more than that, if held with patience)
Some positive factors on fundamentals:
Market Cap ~ 700Cr
Negligible debt.
Fundamentals are turning around.
FIIs have increased stake since Dec.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20MA on Daily chart (on a daily close basis)
BUY GUIDANCE:
Never ever buy before 3PM. I have been burnt many many times. Try to buy between 3:15 - 3:30PM, later the better.
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note: I reserve the right to be wrong.
DISCLAIMER:
I am not a SEBI registered analyst. Please consult your financial advisor before investing.
Investing Opportunity on Kavit Industries.Can be bought on break of build up area.
Single In Single Out Should Work without problem
