At major trendline support CMP 164with a major change in shareholding QOQ adding approx 8% FII & 8% DII investors this stock looks promising for the coming quarter and can be a great opportunity to buy at these levels.
Abakkus Growth Fund participated in the Qualified Institutional Placement (qip) and bought 85,26,605 6.78% of the company.
Expect the upper trendline to be tested during the reversal with a price target of 250 this time. Time frame 1 year.
HIMATSEIDE trade ideas
HIMATSEIDE Trade set up with 17RHimatsingka Seide Ltd (HIMATSEIDE) has shown strong bullish price action recently. The stock closed at 183.95 on February 4, 2025, which is 20.47% below its 52-week high of 231.30 set on December 11, 20243. The stock has been exhibiting positive momentum with several bullish indicators:
Breakout: HIMATSEIDE has shown a rounding bottom breakout, indicating potential for significant upside12.
Volume: The stock has been trading with rising price and increasing volume, signaling strong buying interest4.
Technical indicators:
The stock has made a new six-month high with good volume.
It has shown a positive breakout from Keltner Bands, MA Envelope Bands, and Bollinger Bands.
The MACD indicator shows a bullish crossover and is sustaining above the signal line.
Trend strength: The Average Directional Index (ADX) indicates a nice uptrend.
Momentum: Both Slow Stochastic and Money Flow Index (MFI) are in overbought territory, but the uptrend appears strong, suggesting potential for further upward momentum.
However, investors should note that the stock's PE ratio of 21.09 is considered high, and its P/B ratio of 1.27 is also on the higher side. Additionally, historical data shows that HIMATSEIDE has given negative returns in February for 20 out of 26 years, with an average negative change of -7.06%.
Given these factors, while the current price action is bullish, investors should carefully consider the potential risks and historical performance before making investment decisions.
Himatsingka Weekly - Keep On watchThe stock price has formed a Cup & Handle-like pattern in recent years. In recent sessions, gave a breakout and on the retest levels now.
If it bounces back from these levels, may go into a bullish phase again which may carry the price to 255/305/ 450.
This setup is valid unless the price sustains above the purple trendline as shown on the charts.
In this kind of trade, one has to keep the position size and stop loss according to risk management.
This is only for learning and sharing purposes, not a piece of trading advice.
I wish you a very HAPPY NEW YEAR 2025 & All the best for your trading journey.
Resistance breakout Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking target for 1%-2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking for long term.
Himatsingka might give a monthly breakout soon!Himatsinghka seide has a strong supply zone of 160-180.
If this resistance is broken, we can see a quick flight towards 280 levels.
However, as this is small cap stock, volatility is huge and hence risk is greater.
Not a recommendation. Kindly invest as per your own analysis.
Long-Term Investment Strategy "HIMATSEIDE"📈 Strategic Long-Term Investment Approach for Maximizing Gains
Looking for a disciplined and effective method to grow your investments over the long term? This strategy offers a structured way to capitalize on bullish trends while managing risk:
1️⃣ Entry Point: Invest when the price crosses above the supertrend level, indicating a confirmed bullish trend.
2️⃣ Target 1 - Secure Early Gains: Sell 40% of your holdings when the stock appreciates by 40%. This allows you to lock in profits and de-risk your position early.
3️⃣ Target 2 - Maximize Returns: Sell an additional 30% of your total holdings after the stock rises another 40% from the first target. At this point, your initial capital is fully recovered, and you’re already in profit territory.
4️⃣ Final Step - Free Equity: Retain the remaining 30% of your shares, now completely free of cost. These shares can be held indefinitely, providing you with exposure to potential long-term growth without any capital risk.
This approach allows you to systematically take profits while maintaining a stake in the company's future growth, all with the security of knowing your investment is back, plus a profit.
Disclaimer:
The information provided is for educational purposes only and should not be considered financial or investment advice. Stock market investments involve risk. Please consult a SEBI-registered advisor before making any investment decisions. We are not liable for any losses resulting from the use of this information.
HIMATSIEDE -TRENDLINE BREAKOUTHIMATSIEDE (CMP 150) is breaking out of trendline on weekly chart,
Pretty decent volume in last couple of weeks..
RSI moved above 55, DMI crossover happened recently on weekly chart.
Looking good to go long if it closes above CMP by weekly closing tomorrow with support below 125 DCB...
P.S. I am not SEBI registered analyst, This post is for educational purpose only..
DYOR or consult your financial advisor before taking any action on this post...
Himatsingka Seide - Keep In Radar!Breakout in NSE:HIMATSEIDE : As the supply of shares at that resistance level diminishes, buyers become more dominant. When the supply finally depletes, the stock price breaks out decisively above the upper trendline or resistance level. This breakout signifies a shift in the balance of power from sellers to buyers, and the stock price typically starts moving higher.
PLEASE NOTE THAT:
This chart analysis is only for reference purpose.
This is not buying or selling recommendations.
I am not SEBI registered.
Please consult your financial advisor before taking any trade
Himatsingka Seide - Preparing for Round bottom formation #Himatseide
CMP : 175.2
Date : 24/11/23
A Fundamentally weak and a high debt company. A recent turn around movement in textile sector is now influencing the world s largest cotton yarn maker. Stock is technically looking good now. Formation of a round bottom is seen in the chart with 60% completion . Now the stock is at its 52 week high with significant volumes. If round bottom formation completes a 75% upward movement can be expected and if breakout happens at the completion level a 150% of movement can be expected from this level. Stoploss at ₹.160 - 170 levels.
Disclaimer : Post only for educational purpose. Not a buying / selling recommendation. This is only my personal view. I am not a SEBI registered analyst . Do your own analysis and act accordingly .
Himatsingka Seide LtdHimatsingka Seide Ltd. is a vertically integrated global textile major that designs, develops, manufactures and distributes a suite of home textile products. CMP 173 and showing a good breakout above 165 with very good volume in last few weeks.
Can be added for 205/240/270 with SL of 260 weekly closing basis.