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...
#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....
Himatsingka 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.
Note: Analysis for Education purpose only. Buy or Sell at your risk.
1. Background in Accumulation phase and potential upside in coming months
2.Stop Loss 140
3.Target 245
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...
HIMATSINGA SIEDE :Could see volume build up while forming the right shoulder and is placed at 152-155 its neck line resistance.
As per the inverted Head &Shoulder patern if breaches 152-155 likely to test 170-175
(For educational purpose only)
Key points whey it is bullish:
The daily chart just had a breakout with more than 10x volume. which is Buy signal
On Daily Fib retracement the chart had just crossed golden ratio 0.618%. Also it survived to be on top of golden ration.
HIMATSEIDE Analysis on Weekly Timeframe
Bullish view on HIMATSEIDE
Double Bottom Pattern Formation in HIMATSEIDE
Neckline Breakout
HIMATSEIDE has made double bottom patten on Weekly Timeframe. The price has given breakout to the neckline 85.45 and now it is trading above it. We can see the breakout has happend with the good volume. We can expect further...
W PATTERN ON MONTHLT TIMEFRAME FOR HIMATSEIDE (Himatsingka Seide Ltd)
FUNDAMANETALS:
Company undertook major capital expenditure programme that took 3-4 years to complete. It committed investments of approximately 2,500 crores and all three projects were commissioned on schedule. All of these facilities were developed in Hassan (Karnataka). This capex programme...
Stock Name - Himatsingka Seide Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 113
#This is not Buy and Sell recommendation to any one. This is for...
Hello Friend's
I hope this message finds you well. I am reaching out to share an exciting long-trade opportunity that has the potential to yield a substantial return on investment.
After careful analysis and extensive research, I have identified a stock that exhibits strong growth prospects, solid fundamentals, and positive market sentiment. Based on my...
Short term Trade expected beginning of Third wave.
CMP: ~ 107.75 ( Buy @ ~ 118.15)
SL: ~ 93.70
Target: ~ 222.80 | ~306.30 | ~ 441.35 ( Swing Traders can exit @ T2 )
( Targets calculated on the basis of Fib. and previous swings )
Disclaimer:
I am not a SEBI registered analyst. My studies are for educational purposes only. Please consult your financial advisor...
