buybuy somany ceramics at cmp 513 sl 474 target 1- 590, target 2-650, target 3- 710.
Disc : It's not an investment advise to buy or sell. Do your research
Key stats
Market capitalization
20.744BINR
Dividends yield (FY)
0.61%
Price to earnings Ratio (TTM)
32.50
Basic EPS (TTM)
15.15INR
About SOMANY CERAMICS LTD
ISIN
INE355A01028
Sector
Producer Manufacturing
Industry
Building Products
Website
somanyceramics.com
Headquarters
Noida
Employees
3.844K
Founded
1968
Somany Ceramics Ltd. engages in the manufacturing and trading of ceramic products. It offers ceramic wall and floor tiles, polished vitrified tiles, glazed vitrified tiles, sanitaryware, bath fittings and allied products. The company was founded by Hira Lal Somany on January 20, 1968 and is headquartered in Noida, India.
Somany Ceramics: On verge of Breakout on Hourly time frameCeramics sector is gaining good momentum since last couple of weeks. Somany ceramics is also on verge of breakout on hourly time frame. Can go for long at CMP for target of 537-542 with SL of 488.
SOMANY CERAMICS ( W)Formation of Cup and Handle..with 50% Fibo Retracement Tgt looks Double from here
SomanyCera to take long entryLong entry can be taken in somany after the BO of the TL. High probability trade. At the support level, the bullish engulfing candle has been seen. RSI also forms +ve divergence. Entry can be taken between 625-640 with SL of 588 for the target price of 730-755. This is for your educational purpose o
price at support zoneThe redline zone is a crucial support zone where price forms a W pattern
if we create an entry here with SL below support zone
then we can the next target up to the green resistance zone at around 33%.
Intraday Trade: watch for range breakoutbuy above 950 in intraday and swing
keep stoploss 925 for swing
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT,
Ready for Multi Year Breakout - Don't Miss (Multibagger Pick)Positional Pick
Do not miss levels. Already shared this stock around 400 levels, the link has been attached for the call shared around 400 levels.
WEEKLY BO SOMANY CERAMICSSOMANY is in good uptrend
SL, ENT AND TGT are as mentioned on the chart.
It can go higher levels if we calculate the target using the range calculation
SOMANY CERAMICS LONGReasons to buy:
-RSI above 60
-MACD Crossover
-Higher volume than usual
-Almost around Resistance 1
MULTIYEAR BREAKOUT | SOMANY CERAMICS | SHORT TERM HOLDINGNSE:SOMANYCERA
Multiyear Breakout on weekly time frame.
Good to get entry only if stay above 715. It still faces resistance from higher level.
Let's see if it can stay and close above 715 in next week.
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