Skipper forming a base. Watch for a breakout.Breakout above 624 for long opportunities.
The risk is 12%
RR: 1:1.8.
The chart is shared for educational purposes. Please do your due diligence before investing.
SKIPPER trade ideas
Skipper Ltd Breakout: Aiming for New Highs with Strong MomentumSkipper Ltd has given a strong breakout above its consolidation zone on the daily chart, supported by rising volumes, indicating bullish momentum. The stock is trading well above its 21 EMA (₹565) and 50 EMA (₹532), confirming an uptrend. A buy can be considered at the current price of ₹622 or on a pullback near ₹610, with a stop-loss at ₹590. The immediate target is ₹650, followed by ₹680. Monitor the breakout for sustainability and align the trade with overall market sentiment.
Triangle Double bottom breakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking target for 1%-2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking for long term.
SKIPPERBULLISH PENNANT pattern can see in this chart. Today, it has made the trendline breakout with the volume support.
SKIPPER! 400+ Possible??- Breakout Today (W pattern)
- Fundamentally Good. Net Profit :
- Quarterly (18 --> 24)
- Yearly (33 --> 75)
- Good RSI.
- Stock P/E (53.4), ROE (9.0)
Drawback - Promoter Holding Decreased by ~5%, Public Holding (20% --> 28%)
- Small Cap, Volatile
Levels are marked in the chart.
For educational purposes only. Not a buy/sell recommendation.
PRECWIRE - Breakout Setup
#PRECWIRE - Breakout Setup, Move is ON..
Gave a breakout at 62.55 as per pattern shown in chart
Now trading above Resistance of 197
Next Resistance is at 252
Moved 219.26% in 110 weeks
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 mentioned on charts.
SKIPPER - Breakout Setup, Move is ON..NSE:SKIPPER
✅ #SKIPPER trading above Resistance of 452
✅ Next Resistance is at 720
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.
Skipper Ltd - Triangle Pattern Breakout FormedFundamental Overview of company :
Skipper is the market leader in the manufacture of T&D structures and distribution poles. It is positioned among the 10 largest global T&D structure manufacturers. It is India’s largest and world's only Integrated T&D company having its own Structure rolling, manufacturing, Tower Load Testing Station & Transmission Line EPC.
Technical Analysis :
1. Bullish closing candle above recent resistance line gives confidence to show further momentum on the top side.
2. In terms of chart pattern, NSE:SKIPPER formed triangle chart pattern breakout starting from June 2024 to Sept 2024.
3. Price struggled to close above 463.8 almost 4 consecutive days from 21 aug 2024 - 25 aug 2024 but failed to cross the resistance. but today stock price successfully closed above the resistance gives confidence for further swing.
4. Strong volume indicates the presence of heavy transactions happened at this price point indicating interest among the market participants
Risk Reward Ratio :
We can focus 1:1 risk reward ratio on this trade considering support and resistance.
Exit points :
One can consider to exit from this stock on 2 factors
1. Day candle closure below trendline
2. Day candle close below Stop loss
SKIPPER NEAR THE SUPPORT Market Cap
₹ 4,449 Cr.
Current Price
₹ 408
High / Low
₹ 465 / 197
Stock P/E
48.2
Book Value
₹ 78.9
Dividend Yield
0.02 %
ROCE
20.3 %
ROE
9.02 %
Face Value
₹ 1.00
Skipper Ltd (India) - Breakout Setup, Move is ON...#SKIPPER trading above Resistance of 451
Next Resistance is at 720
Support is at 233
Here are previous charts:
Chart is 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.
Skipper Ltd (India) - Breakout Setup, Move is ON...#SKIPPER trading above Resistance of 292
Next Resistance is at 451
Support is at 215
Here are previous charts:
Chart is 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.
SKIPPER - Weekly Chart Analysis, CMP-260.55After the low cheat trigger (80-85) it gave a weekly gap away move and went for the cheat levels. (120-125)
And now it seems to have successfully and heading for a pivot high levels (276-292) which is a supply zone.
An 18 week base of 32% range which has also given multiple shakeouts probably removing all the weak heads out it has closed the week on strong volumes.
239 shall act as a support now and a weekly close with follow through shall negate our view or Until the trend line is broken.
The stock has made a good squeeze and is now above all its key moving averages.
276 - 292 - 337 - 395 are the levels it can test in the long term.
Disclaimer: This is just a study and shared here for educational purpose. It is not a buy/sell recommendation in any way. If you intend to trade this counter then do your own due diligence and trade at your own risk.
Skipper forming HHs-HLs, and ready to breakout?-From strong sector
-making Higher Highs - Higher Lows (HHs-HLs)
-VCP (contraction in price)
-Volume Spikes
-Long Base
-Bounced from 21 ema
SKIPPER (4HR)SKIPPER (4HR)
CMP 396
Only above 400 close can lead new highs
H&S forming in 4 HR
at resistance break zone
SKIPPER - Long Setup, Move is ON..NSE:SKIPPER
✅ #SKIPPER trading above Resistance of 360
✅ Next Resistance is at 452
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.
SKIPPER Coming to buy levels?30 May 2024
Disclaimer: I am not SEBI certified anything. So this idea is not a recommendation to trade or invest. If you like reading charts to follow price movement like me, then read on...
First about the company. SKIPPER is in the infra business - power transmission, EPC plus PVC pipes etc. This sector is going to be in focus regardless of who comes to power. Last qtr results were not great so the stock is being punished. If it hits the levels that the chart points to then I am going to grab that chance to accumulate this stock.
270 is my first target and 230 is second as shown. Accumulation in this range should be profitable in the long term.
All comments positive or negative are welcome. If you are tracking this share, let me know what you think.
Skipper Ltd - Long
Skipper Ltd - Long
Buy zone: 234 - 284
Target 1: 324
Target 2: 363
Target 3: 401
Trade and Invest Wisely with your knowledge! Good Luck!
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**Disclaimer:
I am NOT a SEBI registered consultant/Advisor (and NOT any country-authorized board registered consultant/Advisor). It is completely my view and opinion.
My intention is not to provide any financial advice, training advice, or any type of advice or any recommendations on stock/Forex/Coin buying or selling.
Please do your research and consult with your financial advisor before taking any action.
I am not responsible for any of your actions on buying, selling, or holding the above-mentioned stock or/and index or/and Forex or/and coins.
Long This stock break all time high
Stock strength continue
Retest support lewel
Only for education purpose...
SKIPPER (Monthly BO)Skipper is moving aggressively upside and above 300 closing after a retest we can expect another 20-30%
NOTE: I'm not a SEBI REG. Study before investing.
SKIPPER | Positional Trade📊 DETAILS
Sector: Engineering - Industrial Equipments
Mkt Cap: 3,330 cr
Skipper Ltd is engaged in manufacturing and selling of Transmission & Distribution Structures and Pipes & Fittings. It also undertakes EPC projects in the infrastructure segment.
TTM PE : 48.16 (Average PE)
Sector PE : 56.29
Beta : 1.25
📚 INSIGHTS
Strong Performer
Stock with consistent financial performance, quality management, and strong technical momentum indicating good investor enthusiasm. Currently valued at Good to expensive valuation
3.34% away from 52 week high
Outperformer - Skipper up by 23.31% v/s NIFTY 50 up by 1.44% in last 1 month
📈 FINANCIALS
Piotroski Score of 9/9 indicates Strong Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
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