DAILY SWING CALL // Monday 15th of February 2021 / NSE:SHARDACROP // This is a swing trade call and not an intra-day trade. Please do not expect the stock to go up on the same day of posting or within a few sessions. Please follow the notes along with the posting before, during and after entering the trade // CMP / LTP: 305.2 TARGET: 375+ (15%...
NSE:SHARDACROP Fundamentals :- ROE for last 3,5,7 and 10 years > 15 (greater then 15 is good). Sales and Profit 5 year CAGR at 13.55% and 11.68% respectively (double digit growth and increasing sales every year since 2010). Debt to equity at 0.02 (less than 1 is good), Interest coverage at 115 (greater than 3 is good), Current ratio at 2.40 (greater than 1.5...
the stock completed the Haed& shoulder pattern in Daily chart...one can go long for a target of 541..mid point target 414
SHARDA CROPCHEM After long consolidation SHARDACROP is going to break long term resistance 294 (200 WEEK EMA) with good volume . if weekly close above 295, than we can see 350, 395 Negative below 260
BUY ABOVE 294.5, IT HAS GIVEN CLOSING ABOVE 50 SMA WITH HEAVY VOLUME AND ALSO POSTED VERY GOOD RESULTS.
Moving with good volume. Buy around 275. SL 230. First TGT: 400. If the price sustains 410 levels, can see 500+ levels. Total Market Cap (₹ Lakhs) 2,44,542.65 Free Float Market Cap (₹ Lakhs) 61,665.71
Looks great on charts - wish it had more delivery percentage though. Still looks like a good time to enter to catch the building momentum
gave a breakout . should move up from here.
consolidation must happen @ 240-265 then only stock can fly high to 500 and beyond
Trade explained in chart Trade on your own risk Fundamentally Fine Stock
This stock has corrected and consolidated for long. Now showing signs of breakout. 453 is ideal entry as per setup. We are late to the party and it is at support. Entry at or above 475 with SL at 453 for T1 - 494 T2 - 510. If this stock completes a U formation in long run at 100% level it will reach 800 as there is a big flag as chart published by Sagar.
On daily chart we see breakout and stock can can move to 510 soon, so keep SL of 451