Breakout stock- BANSWARA SYNTEXSymmetrical Triangle Breakout Setup
RSI above 70 and rising
Trading above EMA50
Volume increasing
12+months of consolidation
Disc: for study, not a recommendation
Next report date
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Report period
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EPS estimate
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Revenue estimate
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6.71 INR
355.41 M INR
12.42 B INR
8.63 M
About BANSWARA SYNTEX LTD
Sector
Industry
Headquarters
Mumbai
Website
Founded
1976
ISIN
INE629D01020
FIGI
BBG000CNZDD4
Banswara Syntex Ltd. engages in the production and manufacturing of textile products. Its products include yarn, fabric, and garments. The company was founded on May 5, 1976 and is headquartered in Mumbai, India.
BANSWARA SYNTEXLooks Good on Daily time frame
Descending triangle pattern breakout
YELLOW DASHED LINE REPRESENT RESISTANCE ON MONTHLY TIME FRAME
Targets are on charts
one can use bearish engulfing strategy to find STOPLOSS
(point to note relative volume is less than 100k for this stock)
Banswara Syntex: Trading near breakout levelBanswara Syntex is looking good on monthly time frame. Stock is trading near all time high range. Keep on radar for breakout.
Banswara Syntex: Keep on radar for closing above 159Banswara Syntex is consolidating on monthly time frame. Can accumulate at CMP with SL of 130 on closing basis.
Swing Trade hold 2-3 days Book 5%Rising Wedge Breakout in Banswara Syntex
Book profits within the first 30 minutes of the market opening
- Try to exit by taking 10% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
Now, why do I prefer swing trades? The primary reason is that I have observed that
BANSWARA SYNTAX ON BULLISHBanswara syntax is going to boom on 44 Moving average ....my one of the favorite technique by Sidharth sir
Banswara Syntex: Breakout of 1.5 years rangeRecently banswara syntex has given breakout from 1.5 years range and sustaining well above the breakout level. Keep on radar. Textile sector is also doing well. Company has announced highest ever Sales and net profit in last financial year.
Breakout from a tight range - After an initial BO the stock consolidated in a tight range and now again giving a BO
- BO Validated with Volume
- Trading above Key EMAs
- Bullish RSI
BANSWARA SYNTEX - 85% RETURNS!!!BUY - BANSWARA SYNTEX
CMP - Rs. 159
Target - 1: Rs. 200
Target - 2: Rs. 240
Target - 3: Rs. 295
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Technicals - Bullish Symmetrical Triangle BO
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This is just a view by an expert analyst, please invest at your own risk.
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Frequently Asked Questions
The current price of BANSWRAS is 130.61 INR — it has increased by 0.98% in the past 24 hours. Watch BANSWARA SYNTEX LTD stock price performance more closely on the chart.
Depending on the exchange, the stock ticker may vary. For instance, on NSE exchange BANSWARA SYNTEX LTD stocks are traded under the ticker BANSWRAS.
BANSWRAS stock has fallen by −2.75% compared to the previous week, the month change is a 1.17% rise, over the last year BANSWARA SYNTEX LTD has showed a −15.08% decrease.
BANSWRAS reached its all-time high on Jun 14, 2023 with the price of 188.65 INR, and its all-time low was 6.13 INR and was reached on Dec 2, 2008. View more price dynamics on BANSWRAS chart.
See other stocks reaching their highest and lowest prices.
See other stocks reaching their highest and lowest prices.
BANSWRAS stock is 3.09% volatile and has beta coefficient of 0.98. Track BANSWARA SYNTEX LTD stock price on the chart and check out the list of the most volatile stocks — is BANSWARA SYNTEX LTD there?
Today BANSWARA SYNTEX LTD has the market capitalization of 4.42 B, it has decreased by −3.07% over the last week.
Yes, you can track BANSWARA SYNTEX LTD financials in yearly and quarterly reports right on TradingView.
BANSWARA SYNTEX LTD is going to release the next earnings report on Feb 17, 2025. Keep track of upcoming events with our Earnings Calendar.
BANSWRAS net income for the last quarter is 50.20 M INR, while the quarter before that showed 11.25 M INR of net income which accounts for 346.28% change. Track more BANSWARA SYNTEX LTD financial stats to get the full picture.
Yes, BANSWRAS dividends are paid annually. The last dividend per share was 1.00 INR. As of today, Dividend Yield (TTM)% is 0.77%. Tracking BANSWARA SYNTEX LTD dividends might help you take more informed decisions.
BANSWARA SYNTEX LTD dividend yield was 0.69% in 2023, and payout ratio reached 9.63%. The year before the numbers were 2.48% and 9.11% correspondingly. See high-dividend stocks and find more opportunities for your portfolio.
As of Nov 23, 2024, the company has 13.57 K employees. See our rating of the largest employees — is BANSWARA SYNTEX LTD on this list?
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. BANSWARA SYNTEX LTD EBITDA is 890.52 M INR, and current EBITDA margin is 6.92%. See more stats in BANSWARA SYNTEX LTD financial statements.
Like other stocks, BANSWRAS shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade BANSWARA SYNTEX LTD stock right from TradingView charts — choose your broker and connect to your account.
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So BANSWARA SYNTEX LTD technincal analysis shows the sell today, and its 1 week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating BANSWARA SYNTEX LTD stock shows the sell signal. See more of BANSWARA SYNTEX LTD technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.