With the stock breaking above the 200EMA and all the moving averages following too..
Any pullback to the 235 range might make for a good first buy.. (Stoploss below 222)
Adding more above 255 would then lead to a full position in the stock..
And breakout here could see the stock going towards 280 levels and then further.
BUY - SATIN CREDIT CARE
CMP - Rs. 230
Target - 1: Rs. 326
Target - 2: Rs. 437
Target - 3: Rs. 542
.
Timeframe - 4 months - 15 months
.
Technicals - Trendline Breakout
.
This is just a view by an expert analyst, please invest at your own risk.
.
Follow me for more!
As said earlier Satin should retrace to 268 level, but due to market condition it saw profit booking at 248 level. But in this 4 days Satin had made double flag pattern which simply means it is going to m9ve up to 270. If bought then hold if not then buy. at cmp
Coming out of base of more than 3yrs. Entering stage2. Forming base of 5 weeks and 18% range.
The stock has showed immense strength with huge volume spikes while coming out of Stage1.
Pilot position can be initiated here.
With the next targets in near long term are 289-298 which is minor resistance zone but major target would be 365 which is long term target...
Satin Creditcare Network Limited is a non-banking finance company (NBFC), licensed by the Reserve Bank of India. It was founded in 1990 by Mr. H P Singh. The company's offers financial requirements for excluded households at the bottom of the pyramid. Satin Creditcare Network Limited is a micro-finance institution (MFI) in the country with presence in 23 states...
Volumes are strong and that too after a really long time. Hoping to see the consolidation end here. KEy trigger here has to be the numbers that company would post.
Stock Name - Satin Creditcare Network 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 217
#This is not Buy and Sell recommendation to any one. This is...
DISCLAIMER
Our video is intended only to provide general and preliminary information to traders/investor and shall not be considered as any investment decision. Do your own analysis, This is not a buy or sell tip. This is just for educational purpose only. And I'm not responsible for your Profit or loss as I'm not a SEBI registered financial advisor.
Stock Name - Satin Creditcare Network 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 175
#This is not Buy and Sell recommendation to any one. This is...
TARGET 1 -> 148
TARGET 2 -> 170
Satin creditcare raise $4 M form bonds.
Critical resistance is 115.30 but it seems that this level will break easily this time.
Once brkout above 115.30, stock may not face any hurdle till 170.
The stock has bounced back from a long-time support zone. If the momentum continues and maintains over breakout levels around 80, may go into an uptrend. Maintain your risk management wisely and carefully.
Only for educational purposes. Not a trading recommendation.
All the best.
