Stock Analysis: Zaggle Prepaid Ocean Services LtdIntroduction:
Zaggle develops financial solutions and products that are of the highest quality, enabling corporations, SMEs, and startups to effectively manage their business expenses through innovative and automated workflows. It is at the intersection of fintech and SaaS (software as a service). Zaggle is the foremost issuer of prepaid cards in India. It has distributed over 50 million cards. An industry leader in the field of spend management space. Zaggle launched a vendor management platform, Zoyer, and corporate credit cards in Q1FY24. Additionally, they implemented cross-selling initiatives and expanded their customer base.
Fundamentals:
Market Cap: ₹ 7,081 Cr. Stock P/E: 102 (Ind. P/E: 42.41) 👎
ROCE: 17.2% 👍 ROE: 14.1% 👍
3 Years Sales Growth: 48%; 👍 3 Years Profit Growth: 32% 👍
Cons: Stock is trading at 10.5 times its book value 👍
Technicals:
The stock is in a strong bullish momentum—above short, medium, and long-term Term averages.
20 EMA (Black Line) is above 50 EMA (Orange Line) and 100 EMA (Sky Blue Line) in the daily and weekly closing.
Resistance levels: 546, 592
Support levels: 485, 459, 400
ZAGGLE PREPAID OCEAN SERVICES
369.30INRD
−14.70−3.83%
At close at 10:49 GMT
INR
No trades
ZAGGLE trade ideas
Zaggle Flag&Pole breakout!After a CNH breakout and retracement,Zaggle broke out from a bullish Flag and Pole pattern. Keep this on your radar as a positional bet.
SL is deep. Position size accordingly. This is just shared for educational purposes. Please consult with your financial advisor before trading.
The market is very weak and election results are due, anything negative can wreak havoc in the market. So be cautious. Trade as per your risk appetite only.
ZAGGLE: Bullish Cup and Handle Breakout with Strong Volume SurgeTechnical Analysis of NSE:ZAGGLE
Cup and Handle Pattern: Zaggle Prepaid Ocean Ltd. has successfully formed and broken out from a classic cup and handle pattern, a bullish continuation pattern indicating strong upward momentum. The cup portion spans several months, showcasing a rounded bottom, which is a signal of consolidation and accumulation by buyers. Following this, the handle displayed a brief consolidation before the breakout occurred, confirming the pattern.
Breakout Confirmation: The breakout above the resistance level of ₹389.65, marked by a sharp increase in volume, signifies renewed buying pressure and strong market sentiment. The 66.78% price gain since the bottom of the cup formation further confirms the strength of the breakout.
Volume Surge: The most notable aspect of this breakout is the substantial volume spike during the breakout, which is crucial in validating the pattern. The increased volume suggests institutional buying interest and supports the notion of sustained bullish momentum.
Trend Continuation: After the breakout, the price action suggests that the stock is in a well-established uptrend. The recent news regarding the company's deal with HDFC ERGO has added positive sentiment, further fueling the stock's rally.
Key Levels:
Breakout Level: ₹389.65
Current Price: ₹409.35
Cup Depth: ₹156.21 (66.78% gain from the bottom)
Market Capitalization :INR 4,505.81 Cr
Trading Insight: The cup and handle breakout pattern is one of the strongest bullish indicators, especially when supported by high volume. Traders should consider potential pullbacks as buying opportunities if the stock consolidates before continuing its upward trajectory.
Disclaimer: This post is for informational purposes only and should not be considered as investment advice. Please conduct your own research or consult a financial advisor before making investment decisions.
ZAGGLE - - Cup and Handle - Breakout - DailyName - ZAGGLE
Pattern - Cup and Handle breakout
Timeframe - Daily
Volume - Very Good
Cmp - 409
Target - 543
SL - 388
Zaggle Prepaid
June quarterly results
Price ₹ 409 M.Cap ₹ 5,017 Cr PE 85.5
Item YOY Jun 2024 Mar 2024 Jun 2023
Sales ⇡ 113% 252 273 118
EBIDT ⇡ 182% 22.4 27.2 7.95
Net profit ⇡ 712% 16.7 19.2 2.06
EPS ⇡ 523% ₹ 1.37 ₹ 1.56 ₹ 0.22
Always welcome for any comments with your feedback or give it a like if you find it useful.
Item---------------YOY
Sales ⇡-------------113%
EBIDT⇡------------182%
Net profit ⇡ -----712%
EPS ⇡ ----------- 523%
tried to update the result but after publishing alignment issue.
ZAGGLE - Ichimoku Breakout
📈 Stock Name - Zaggle Prepaid Ocean Services Ltd
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 926.
🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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BUY TODAY SELL TOMORROW for 5% By Kapil-MittalDON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
ROUND BOTTOM Breakout in ZAGGLE
BUY TODAY SELL TOMORROW for 5%
Zaggle Prepaid Ocean Services LtdZaggle builds world-class financial solutions and products to manage the business expenses of corporates, SMEs, & Startups through automated and innovative workflows
Zaggle builds financial solutions and products to manage the business expenses of corporates, SMEs, & Startups through automated and innovative workflows.
Headquartered at Hyderabad , it is at an intersection of of SaaS (Software as a service) and Fintech. With 273+ employees, the company has 50 Mn+ co-branded prepaid cards.
Products
Zaggle Zoyer: accounts management services
Zaggle Save: Help employees save tax with Save’s flexible employee benefit plans
Zaggle Propel: all-in-one solution for employee rewards, and channel partner incentives.
Offers a combination of payment instruments, mobile application and API integrations through VISA cards, mobile app, partners and dashboard.
New Launch Q1FY24
In Q1FY24, Zaggle introduced corporate credit cards and vendor management platform – Zoyer. Also, their customer base expanded and cross-selling initiatives were taken up.
New Contracts
In Q1FY24, company entered into contract with BOB Financial Solutions Limited for implementing commercial card Onboarding & value-added services platform and launch of the Zaggle Yes Bank Corporate Credit Card, powered by Zaggle Zatix – a spend analytics platform that allows corporates to streamline
business and employee expenses, budget better and negotiate favorable supplier terms.
Corporate collaborations
The company has an esteemed list of corporates like Tata capital, Inox, NSDL, DBMS, Wockhardt, Yes Bank, Greenply etc.
Agreement with VISA
In Oct,23, company has entered into a growth agreement with VISA. This alliance is in support of the issuance of Forex CoBrand Cards. Visa will pay the launch bonus for supporting the launch of Forex Cobrand Cards. and will also pay incentives on Forex transactions basis spend commitments. Zaggle can leverage existing Corporate base
to sell forex cards to employees of the Corporate client, and it can be tightly coupled with Zaggle expense management solution.
The deal size is ~$20 Mn for next 5 years.
BREAKOUT IN ZAGGLE 📌SWING TRADE FOR NEXT WEEK🚀
Hello Traders⚡
I am a Swing Trader by Passion i only trade on Momentum Stock's.
📌I Post Daily SWING CHARTS Analysis on My Trading view profile..
So let's Start
📌TRADE ANALYSIS OF ZAGGLE
• Potential Breakout Chart
• VCP Pattern
• Short Range Consolidation
• Price Can Take Retest from support Line
• Overall The Price Is Moving In HH-HL Formation
• Volume Buildup Near BO Zone
• Looks Good For 10-20% Upside Levels After The Breakout
📌 If you have any questions about any stock you can comment on post 📱
📌Disclaimer:-
This all charts analysis are only for educational purposes only
I do not provide any CALL or Tips
BUY TODAY SELL TOMORROW for 5% DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Trendline Breakout in ZAGGLE
BUY TODAY SELL TOMORROW for 5%
Zaggle Long PositionalDate : 25-02-2024
Buy Zaggle above 303
Target of 350-386-428-483
SL 234
Strategy : SBO + RSI > 60 + EMA above 20 & 50
Duration few weeks
Please consult your financial advisor before investing
All research for educational purposes only.
Stock is ready to cross past barriers with good volumes
Zaggle - Ichimoku Breakout📈 Stock Name - Zaggle Prepaid Ocean Services Ltd
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 357.
🚨 Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
#CloudTrading
#IchimokuCloud
#IchimokuFollowers
#Ichimokuexpert
Excited about this analysis? Share your thoughts in the comments below!
👍 Like, Share, and Subscribe for daily market insights! 🚀
#StockAnalysis #MarketWatch #TradingEducation #ichimoku
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall.
Trendline Breakout in ZAGGLE
BUY TODAY SELL TOMORROW for 5%