Trendline Breakout in SAINT-GOBIN
Book profits within the first 30 minutes of the market opening
- Try to exit by taking 5-6% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
Now, why do I prefer swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 3-4 days and the...
Time Frame – Weekly
* Cup & Handle pattern form
* ATH & pattern Breakout above 108.80
* RSI trendline break seen
* Volume increase seen on daily chart
Resistance – 114 / 132 / 150 / 180
Support – 88-95 zone & 72-80 zone
DISCLAIMER : NCFM Certified Technical Analyst. I am not SEBI registered analyst. All posts are for...
BSE:SAINTGOBAIN has given a breakout from its 1.5 years old trend line and CMP is running very close to the all time high made by the stock 3 years back.
Stock may consolidate further at these levels before testing virgin territory.
There is also a larger trend line where the stock could potentially face rejection after charting towards virgin territory.
Company is virtually debt free.
Company has a healthy Interest coverage ratio of 31.23.
The company has an efficient Cash Conversion Cycle of 57.50 days.
Company has a healthy liquidity position with current ratio of 5.36.
The company has a good cash flow management; CFO/PAT stands at 1.25.
The company has a high promoter holding of 75%.
TRADE OR INVEST...
Strong price action seen here.
If closes above 86 levels on weekly basis,, can give good returns.
Accumulate only above 86 closing.
Target : 96, 120
SL : 84 WCB
Only for educational purpose. Not a recommendation.
Disclaimer: This is for demonstration and educational purposes only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before making any trade.