SBCL on longterm breakoutSBCL has given breakout on longterm (M) chart. Seems Showing v good strength. Seems like it is getting ready for the next round! Keep it on radar
SBCL trade ideas
Long ShivalikGood fundamentals
Sustaining above 20 ema weekly
Recent volume spikes in daily time frame.
Higher highs and higer lows
low risk high reward
Risk 590 1x
reward target 940 4x
cmp 646
holding period 2- 3 months
Shivalik Bimetal TrendlineHere is a classic example of an Ascending Triangle along with a breakout of the trendline.
The stock has the potential to move up from here now.
Shivalik Bimetal Controls LtdDate 09.09.2024
Shivalik Bimetal Controls
Timeframe : Weekly Chart
NSE: SBCL
Company Essentials
SECTOR: Metal - Non Ferrous
Market Cap ₹ 3,168.52 Cr II Enterprise Value ₹ 3,162.24 Cr.
No. of Shares 5.76 Cr II P/E 41.04
P/B 9.2 II Face Value ₹ 2
Div. Yield 0.3 % II Book Value (TTM) ₹ 59.76
CASH ₹ 37.57 Cr II DEBT ₹ 31.29 Cr.
Promoter Holding 51.14 % II EPS (TTM) ₹ 13.40
Sales Growth 6.94 % II ROE 27.84 %
ROCE 33.80 % II Profit Growth 11.10 %
SBCL (SHIVALIK BIMETAL)Stock is at its right position for a new bull run. the reasons are as follows :
Daily RSI just up from 33 level
The stock bounced back from the 532 level which is the same as of 25th Jun
Volumes Rising above average volumes on 8th August
Stock has been in Darvas Box for the last 52 Weeks and now going up from the Floor levels
Fundamentally stock has cleared its Liabilities in the previous 4 qtr
FII stake has improved from last quarter
Risks:
Recent War Crisis
Simple technical & fundamental play in SBCL Publishing this stock for study purpose. Stock does play an important role in EV industry specific to vehicles. End of the day fundamentals discount chart pattern.
SBCL- Restricted (Gradual volume) professor + gov + sg Bull flagRestricted (Gradual volume) professor + gov + sg Bull flag 3 Days Volume Increase and close > 3rd
1) trap fall
2) Profit book trap
3) Will go much higher
21 = .98, 101 activated
144 = 0.98 activated
Shivalik Bimetal Controls Ltd. ( 30% upside potential)
Sector: Electric Equipment
monthly chart shows strong uptrend...
weekly chart shows accumulation near long term trendline support...
price in daily demand zone....
one can also accumulate SBCL for long term this small cap stock....
SBCL - Time correction With time correction over, the stock is at a channel bottom and could bounce from here.
First buy above 590 with another above 620.
After the first buy the SL is 550. Ideally i'd like to keep a SL below 540 which is the 200EMA and give the stock enough time to move.
The play is an interesting one..where whoever makes the smart meters they will buy components from them. So it might be a better play than the smart meter players as a proxy.
Shivalik Bimetal Controls Ltd (SBCL) Stock Name : Shivalik Bimetal Controls Ltd (SBCL) Date: 05/01/24
Description: the stock is near to cross the Resistance of 625.15 of 05/06/23 & 7/8/23 & Retesting now & trading on 601, & if sustain Above 625.15 then will achieve T1 & T2 soon
ATH : 750, BR -Year 3/7/2023, Although it is split 3/2 in 12/10/2022
Target 1 : 690 Target 2 : 720 Target 2 : 750 & above
Remarks: the Description so the Stock Support & Resistance
BRS : Broke Resistance
Sup : Took Support @
BRY : Breaking Resistance of Year
Note: I am not a SEBI Registered Advisor, this is not any Buy or Call Recommendation, it’s my Personal opinion as per the Chart Structure. Please Trade it as per your wish or by Advisor if any.
#SBCL on my radar frm EV sector : CMP-599 Keep a tab.Seeing a good consolidation of 3 months + taken support from the longer trendline.
Base + Triangle Breakout + RetestTripple Bottom Base
Triangle Breakout
Retest of Breakout Done
Waiting for Volume Upside....
Shivalik bimetal con ltd analysis on 8 Sep 23Shivalik bimetal con LTD ANALYSIS ON 8 SEP 23
Stoploss 499 (on closing basis)
Add small quantity
accumulate till support 520-530
(520 @ 200 ema support)
Target 600-650-750
LONGSupport at 500. Trend-line bullish
Next target - 700 (One month)
Good fundamental. Little costly
Long term investors can accumulate towards trend-line.
Shivalik Bimetal: Offering low risk set upShivalik Bimetal has recently given breakout on weekly time frame. Seems stock is retesting the same levels and showing buying interest. Keep on radar.
SBCL trading on buying zone, pullback soonTrade Details
- Name of The Stock: NSE:SBCL
- Type of Trade: Momentum Investment or Positional Trade
- Duration: More than 60 days
- Entry Level: 645.00
- Stop Loss: Initial 560.00 (Trail accordingly)
- Target: above 820.00
Chart it self explanatory.
Key Points:
- Up trending stock
- Trading near 52 W high zone
- Has corrected from high level
- Trading on support
- Pullback may come soon
SBCL looks good now. Taking support near 20 EMSSBCL can be bought now. Looking good for swing trade.
Entry - 695.35
SL - 674
Target - 740
Shivalik Bimetal - LongGood Entry Point on Daily Chart on Demand Zone 493.
SL 481
Target 1 513
Target 2 - 523
Target 3 - 530
SBCLSBCL:- Ascending triangle pattern has been formed, breakout has also been found but breakout candle is very big, if we get the stock between 504 to 510 then only do some planning, ignore the characters, till then keep your eye on the stock.
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.
Shivalik Bimetal Controls Ltd - BreakoutEngaged in the business of manufacturing of thermostatic metal strips and resistors. Technically strong candidate which is near its 52 week high zone. Broken the 6 month long resistance . Now its immediete target is at 500 levels . A perfect setup is seen in the chart and which indicates a higher high movement .
SBCL - Ichimoku Bullish Breakout Stock Name - Shivalik Bimetal Controls Ltd
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 193
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
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