Aegischem is trying to give ATH breakout with cup and handle pattern
Stock has risen after a bear trap. A breakout here will open new highs for the stock.
Stock has decent fundamentals to support
-Inverted Head & Shoulder Pattern Breakout Above 410
-rise in volume rsi is also ready for breakout
-it can give good upside momentum keep in radar
-momentum is very good not ready to fall in bearish market
AEGISCHEM - Aegis Logistics Limited - BUY ACTIVE
Chart Insights : Day Chart
We can see that stock is broken the resistance zone with volume and can expect upside move if its sustain above the resistance.
BUY Active only on top of resistance , it may try to retest the same level in coming days, so best buy on retest level & keep monitor
Drawn support and resistance...
The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below...
SWING Trading Strategy:
Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)
INTRADAY Trading...
AEGIS Logistics Ltd: Inverted H&S Pattern
41% upside potential.
Levels mentioned on chart.
Plan your trade accordingly.
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’,trade at your own risk.
"Trade what you see, Not what You Think"
Happy Trading(:)
The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below...
SWING Trading Strategy:
Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)
INTRADAY Trading...
Aegis logistics has ever highest sales + more than 100% profit up from previous year moreover it has been supported by technical forming cup and handle pattern on weekly chart. the stock can give returns of more than 50%
#AEGISCHEM
It is in the business of import and distribution of Liquified Petroleum Gas (LPG) and storage .
Market Cap 13,894 Cr.
ROCE 15.9%
InstHold 23%
Growth 3 Years :-
Sales 6%
PAT 65%
Quant Small Cap Fund increased Stake.
Close abv 410 Will Be Fuel For Rocket
Best short term trade
Aegis Logistics Ltd analysis on 13 Nov 2023
Good promoter holing 58% and 18% FII Holding
company dealing in the import and distribution of LPG
Strict Stoploss 270 (weekly 200 ema @ 280)
target 340
380
400 to 410
A good double-bottom pattern
the double bottom pattern is almost 88% accurate as per theory.
so if the target is required to be set.
the trade will be active after 411 rs and the stop-loss will be 395 rs.
the target will be +52 rs and then trailing the stop-loss for good profit.
this is for study purposes only and not investment advice.
The stock is presently trading below its 200-day moving average (MA) despite having achieved a remarkable 100% increase in profits since March 2021. The stock reached its all-time high (ATH) of 385 in June 2021, primarily driven by the results of 249 Crores in March 2021. Currently, the stock has a trailing twelve-month (TTM) profit of 536 Crores, while its stock...
Please 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...
Idea is Simple Invest in stocks which Breakout with Volume.
Rather than targeting 20% to 25% profits for most of your stocks, the profit goal is a more modest 10%, or even just 5%.
Rule 1 : Exit from the trade when current day closes below previous day low.
Rule 2 : Hold the Trade until the Rule 1 is not met.
Rule 3 : On result day trail your SL at 15Min Time Frame
