TGV Sraac is a fundamentally strong small cap chemical company which is showing a strong reversal pattern.
Stock has given breakdown from support and formed a bear trap.
A big bullish candle has been formed last week.
Stock can give multibagger returns in long term. However, since stock is small cap, it is riskier to invest.
Reason for long
a) Consolidation breakout
b) Triangle set up
c) volume accumulation
d) SL compulsory
e) fundas are not good and hence SL compulsory
f) qty within the risk permissible limit
Risky long, but market is still in euphoric state till election
Reason for long
a) Book value and CMP are near by
b) Reduced debt organization
c) FII recently decreased the stake in it.(Red flag).Hence SL compulsory
d) QQE long
e) super vwap long
f) channel support
g) Fundas are okay
BSE:TGVSL Looks good for an uptrend!
It seems like a potential trend reversal in this stock, possibly in the context of technical analysis.
Here's a breakdown of the key elements:
Price Reaching a Bottom: This suggests that the stock price has been in a downtrend for a period, and it has recently stopped declining or slowed down significantly.
Signs of...
Dear Traders,
This scrip is expected to give Breakout in the Coming days as it had given good breakout. So traders keep this scrip on your radar to catch the Momentum. Thanks to All 🙏🙏🙏
TGV SAARC Nearing multiyear Breakout.
TGV Sraac Ltd is engaged in the production of chlor-alkali products, chloromethane, castor derivatives and fatty acids.
It is the flagship company of TGV group which has presence in industries such as healthcare products, aqua culture, real estate, pharmaceuticals, industrial chemicals and hospitality.
#TGVSL (Weekly)
-Possible breakout from triangle.
-Taken support multiple times from long term trend line.
-Promoter pledge reducing.
-Buy till 30.
-Targets are marked out in Purple.
-TF ~ 1 month.
-Stoploss daily close below 28. #Sensex
Disclaimer: I am not SEBI registered. Personal opinion and charts that I share are for educational purpose only. Not recommendations.
TGV SRAAC closed above it's previous resistance of Rs. 41.85 with high volume and ADX showing a level of 38. This share is giving an earnings yield of 11% which is much better than 10 year govt. yield. It may be a good bet for the long term. Buy at current levels with a stop loss at Rs. 37.
