Observed a subset of the vcp/breakout pattern that's worked for me a few times.
1. Stock needs to be in an uptrend. As in the 10sma, 20sma, 50sma are all stacked and rising.
2. Price forms a "hump"
3. A shakeout at the end of the hump. Shakeout candle at minimum goes below 20sma, but closes in green at eod.
4. Next day breakout with huge volume. Try and get in...
After forming a probable volume contraction and 2 bases formed over 4 years the stocks now showing a tennis ball pattern forming HH-HL.
It also broke the confluence of 1. The down trendline & 2. The Supply zone (617-662) with good volumes. We waited for a 1st base to form just for confirmation which was 14 Weeks and 17% range.
The stock is sailing above all key...
Albert David
It is engaged in manufacturing and trading of Pharmaceutical Formulations.
✍️Market Cap₹ 598 Cr
ROCE 17.0 %
InstHold 2.37 %
✍️Growth 3 Years :-
Sales 2.17 %
Profit 24 %
✍️ Pocket Pivot Breakout.
#StocksInFocus
Company is almost debt free.
Company has delivered good profit growth of 35.0% CAGR over last 5 years
PE of 8 vs Industry PE of 29
Dividend Yield 1.12 %
ROCE 17 %
ROE 12.2 %
Albert David Ltd is engaged in manufacturing and trading of Pharmaceutical Formulations, Infusion Solutions, Herbal Dosage Forms and Bulk Drugs by way of domestic sale or export.
During...
- Company is almost debt free.
- Company has delivered good profit growth of 35.0%
CAGR over last 5 years
- Dividend Yield 1.12 %
- PE 8 vs Industry PE of 29
Albert David Ltd is engaged in manufacturing and trading of Pharmaceutical Formulations, Infusion Solutions, Herbal Dosage Forms and Bulk Drugs by way of domestic sale or export.
During FY22, the Co....
Looks good for a move-up
Disclaimer:
The content of the idea and the interpretation of data are solely my personal views which being said I do not warrant its completeness or accuracy.
This idea published is purely intended for educational and informative purposes, I urge traders to make their own trading decisions based on their specific trading objectives and...
Finally breakout after Long consolidation with super volume
TGT - 750 & 850
Disclaimer
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be...
50 EMA has been tested and good up move is seen in the stock.
Taking good support of 10EMA.
Super trend also positive on Daily time-frame.
Entry and exit levels with SL on the chart.
Price is testing long term resistance and breakout could take stock to new highs. Anticipating stock to move along with short term trendline if stock further consolidate. Stock has entered positive zone on relative strength scale against BSE Small cap Index.
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Albert David is coming out of a 2 year range with strong volumes. It first attempted to break free from the range in mid July, but could not sustain above the range high. It has now corrected and is approaching a strong demand zone @ 525-30 Levels. The Fibonacci re-tracement level of 61.8 also confluences with the demand zone. The RSI levels also show support in...
