LINC trade ideas
LINC Breakout with a good upside potentialHey Family, there is a one more stock Which is showing a great opportunity.
Key Points:-
* Formation of Ascending Triangle Pattern in Daily TF.
* From Jan 2024 to Sep 2024 Tested & Moving Near Resistance Many times.
* It's Near resistance Zone and trying to Break Resistance Zone with good volume good closing required.
* Volume Accumulation (Volume is Rising).
What is your view please comment it down and also boost the idea this help to motivate us. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
LINC - BULLISH BREAKOUT - 2X CANDIDATEHi Folks,
There has been high accumulation in consumption sector. Recent surge of volume with decent delivery can be seen in linc in recent days. Overall, longer bullish trend on weekly charts is intect. After a decent time and price correction, upmove looks like prevailing again.
Elliott Wave Analysis - Long Term
1. On longer time frame (Weekly) - Left chart - Larger 4 wave stands completed.
2. Fifth wave has commenced after confirmation of brerakout with surge in volumes.
3. Targets are marked with fib projection and potential it can 2X from here.
Elliott Wave Analysis - Short Term
1. On Daily timeframe(right chart), we can see a start of new impulse.
2. First wave itself is a Leading diagonal and marked in channel which shows bullishness of this stock.
3. A clean abc structure is visible in 2 wave.
4. Breakout of 3 wave is evident, a bullish candle(Marubozu) can be seen with volume support taking out b of earlier abc structure.
Not a trade recommendation, please do your own due diligence.
LINC Company has delivered good profit growth of 39% CAGR over last 5 years
Company has been maintaining a healthy dividend payout of 17.6%
Debtor days have improved from 38 to 29 days.
Company's working capital requirements have reduced from 70 days to 55 days
Retest Will be opportunity ˌ-It is primarily engaged in the manufacturing of Writing instruments & stationeries and generates revenue from the sale of Pen and Refill.
-Market Cap
₹ 1,277 Cr.
ROCE
31.4 %
-InstHold
1.81 %
-Growth YOY
Sales 14%
Pat 68%
-Breakout with Volume
LINC Linc
gave flag breakout today with good volumes
seems like stock has entered wave 5 zone
promoter and FII have increased minute stake
trading at 846 , target can 1000 - 1100 levels
keep sl at 740
Linc Trade Plan set up1. Trend Bullish
2. Reversal break break of downtrend Channel
3. Strength - Strong
4. RR is 1:5+ and much more
LINC - Long Setup, Move is ON..NSE:LINC
✅ #LINC trading above Resistance of 797
✅ Next Resistance is at 960
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
LINC#Watchlist
#LINC (2W)
Ready to ATH high Breakout ?
Breakout will confirm above 560
1- Positive chart structure
2- Horizontal Resistance of 1900++ days
3- Weekly Resistance of 270++ weeks
Keep on Radar.
#Disclaimer:-View shared it for educational purposes only.
a cup this deep should be called a bowlprice is at ATH resistance forming a cup on weekly time frame, wait for handle(correction) to plan entry
LINC - Long Setup, Move is ON..NSE:LINC
✅ #LINC trading above Resistance of 510
✅ Next Resistance is at 797
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Linc LimitedLINC:- Stock has done upside move by forming head and shoulder pattern and may breakout as well but now it is back for retesting if it is found between 447 to 455 then we can plan to buy
#You can plan the trade as per your risk appetite now
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Weekly -accumation cup formation on weekly .signs oc accumlation also emegence of volume last 3-4 weeks and ease of movemnt sign of exhaution of supply .
good entry rewards .
Buy before breakout.🤠Chart -> LINC Weekly
A cup and handle have formed, but we didn't get perfect closing yet. This week's move and volume suggest that breakout is not far.
Accumulate b/w: 300 to 340
Targets: 388, 478, 532
SL: 275, weekly close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
Linc : +42%-162% Upside PotentialLinc : +42%-162% Upside Potential
After a long consolidation period stock BO with huge volume
Levels & Logic mentioned on the chart
Wish You Happy & safe trading
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind Jai Bharat
Linc Pens & plastics Ltd This is only for education and study the chart.
I am not a SEBI reg adviser.....
I am invested
LINC LTDLINC LTD
Dont consider my chart for taking invertment decision as im just a beginner in technical Analysis, just adding for study purpose
LINC | Good for Long NSE:LINC
Cmp : 302
Good Volume
Closing above 295 will give good momentum
#Study
Expecting Breakout ✌✌✌This scrip is expected to give breakout in the coming days. So traders keep on your radar to catch the momentj.. Thanks to all 🙏🙏🙏
