VARDMPOLY Breakout: Target 200%VARDHMAN POLYTEC has given trendline breakout (flag pattern).
1) Entry can be taken @CMP
2) TARGET : is 91,but 1st target Kan be taken as 1:3 RR. Total RR target is 1:7 aprox. That is huge.
3) Stoploss should be below the support zone.
Position sizing is most important.
Disclaimer : This Analysis
Key stats
Market capitalization
442.698MINR
Dividends yield (FY)
—
Price to earnings Ratio (TTM)
17.24
Basic EPS (TTM)
1.17INR
About VARDHMAN POLYTEX LTD
ISIN
INE835A01011
Sector
Process Industries
Industry
Textiles
Website
oswalgroup.com
CEO
Adish Oswal
Headquarters
Ludhiana
Employees
3.073K
Founded
1980
Vardhman Polytex Ltd. engages in the manufacture of yarns and garments. It includes cotton, cotton polyester and value added yarns. The company was founded on August 20, 1980 and is headquartered in Ludhiana, India.
Good indicators to buyt on 9th June 2021.This has morning star pattern in sideways trend for short term So definitely going to go up. Reason for buying
1) Morning star pattern
2) The bullish candle on 8th breaks the resistance level
3) RSI corssed 60 after long time
3) A squeeze is happening and so definitely the sideways trend is going to
Vardhman Polytex a party fund stock on breakoutThe stock might be a considered as party fund stock, with a great return in 3-4 year. If ur a risk taker and thinking of having a great return in 3-4years then bet on this stock. The stock might reach level above 50Rs in the coming Years.
The stock is trading around 14Rs and it's magor resist is ne
See all ideas
Income Statement
Balance Sheet
Cash Flow
Earnings
Next:—
0
Revenue
0