It is one of the largest Electronics System Design and Manufacturing (ESDM) companies in India.
Market Cap₹ 2,323 Cr.
ROCE 7.65 %
InstHold 8.06 %
Growth YOY:-
SALES 51%
PAT 175%
Breakout with Volume.
Formed Double inside bar & gave powerfull breakout of inside bar with strong volume.
Looks good for short term investment.
Trading at 1471
Keep SL :-previous candle's Low
Target can be
1510
1753
CENTUM:- Stock has given breakout by forming head and shoulders, we should wait for retesting till then keep an eye.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other...
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...
Centum Electronics - As per the chart it seems like a Multi year breakout. It is a Cup and handle Pattern breakout.
I am expecting 40% upmove in this counter.
Happy to take any suggestions or comments.
Looking good for a short term trade for a week.
It crossed all the major resistance level.
Entry will be around 598 and capture a 5% move.
Exit will be around 620.
