FACT trade ideas
Ascending Triangle BreakoutBreakout successful with big volume. Buy on dip as MFI is giving negative divergence. Target 180+
BREAKOUT in FACT FACT has been rising from the levels of 40-45, and has given a breakout from the horizontal resistance and Cup and handle pattern @139-140. Buy at cmp at 143-144 for a target of 180 and stop below 127.
Disclaimer: This is not a recommendation to buy or sell. For educational purpose only.
cup and handleCup is bit deep when compared to my previous CnH formations, whole structure looks good. Pivot entry is marked in handle, if it breaks out with volumes will have my first buy with half position remaining will go long above the handle
#FACTStock Name :- FACT
The stock is from fertilizer segment, as monsoon season is at d door & it's going to be good ds year, so for agriculture purpose fertilizer stock wl do good. company having ROCE 118.71%, which is very promising, & sales as well as profit is also increasing on year on year basis.
currently it's making a cup with handle pattern.
Sl 120(on closing basis), Tgt 175
FACT MAY TOUCH 122 as a near R1 valueFact may reach 122 as First Target R1. Lets wait and watch
Please note that it is only for education purpose
FACT-Weekly-LongAfter a long consolidation, FACT has broken out of the consolidation zone. Possible start of the third wave. A follow-up in next week and fireworks ahead!!
18 Years Long Consolidations Breakout * Fertilizers & Chemicals Travancore (FACT) is engaged in Business of Complex Fertilizers and Ammonium sulphate.
* Stock has given a 18 years long consolidations breakout on weekly chart & closing basis.
* If we look at the volume part, significant volume activity is witnessed at the time of breakout.
* Price has also trading all the important moving averages.
* Considering all technical evidences we may see good up move in FACT.
PROS - @ Market Cap Rs . 4,918 Cr.
@ Company has reduced debt.
@ Company is expected to give good quarter.
CONS - @ Cash Reserves is Negative Rs .-1073.00 cr
@ The company has delivered a poor growth of 6.94% over past five years.
@ Some quarter stock has given negative return.
Risky but high probability and able to give multifold return in near future.
CMP-76.00 RECO-Buy Entry Range-Rs.70-80 Target-110.00/160.00 Stop Loss- 60.00 closing basis
Duration- 06 to 09 Months.
Thanks for reading and kindly let us know if you have any questions.
Fertilisers & Chemicals Travancore Ltd (FACT) - Cup and handleFACT shows cup and handle pattern in weekly chart. Can buy at cmp with a stop loss of 52.35 or can buy in dips. The technical target is 88 (As this is weekly chart need to wait for at least 6 moths to 1 year for the targets to get achieved). Can go long with a trailing stop loss.
Note: I am just a beginner. This chart is for learning and educational purpose only. Kindly invest based on your research and analysis. Do not forget to give a like if you find this chart helpful. Happy investing :)
