The stock has moving in uptrend.Fundamentally, the stock has some unique moat of mfg conveyor belts which are used in mines. At cmp is stock is trading at 12x TTM EPS. (undervalued).
When wee look into extended chart from daily to weekly
for Daily the profit booking area was 106 some, institutional sold their stake in the open market at that level dragged due to negative impact.
when I see on the weekly chart breakout was not happened with the full strength candle even though the stock gained volume at the breakout level once again it will...
INTLCONV Prediction for Swing/ Positional Trading
You can entry into trade above 99 or according to your experience.
Sls- according to you RRR.
Targets-105,110,123,135,148,160,175,185,200,212,225,238,… (more will be updated later if need )
According to your “STOMACH” book your profit. Always maintain your risk management.
Watch Carefully – The Chart Explains...
Looks Good on Weekly Time Frame.
Wait for a closing above 93.90
To initiate a Trade,
Use Bearish Engulfing Strategy To find STOP LOSS.
And Since Stock is trading very close to all Time High, one can go with 1:1 RR Approach.
*Blue Line represent Hidden Line, which may acts as a resistance.
No call/Tip
(Just for knowledge)
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...
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
BULLISH BREAKOUT
ONE CAN BUY AT CURRENT LEVELS FOR LONGTERM WITH SL OF 65.
STOCKS HIGHLIGHT
1. India’s only Listed player in PVC Conveyor Belting.
2.Strong Balance sheet.
a) ROE = 10.8%
b)ROCE =13.6 %
C)Positive EPS 1.17
3.Strong Order Book Visibility, well diversified.
4.Promoter holding increased.
NSE:INTLCONV
Cmp : 86.5
Try if managed to Closing Above 86.70
#Study, Learn & Earn.
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Disclaimer: All the information posting on this page are for the educational purpose only, we are not SEBI registered financial advisor. We...
After a significant move it took a quick steep and sustained exactly above its intial value. Demand zone is also right around its listed price which indicates buyers are willing to buy at this rate . Expected levels to reach are market in horizontal ray.
I am waiting to see it in Uncharted Teritory😎✔️
Expecting a reversal from the current level.But need to stay Nifty postive.
Risky players can enter @current level
Others can wait for the Cup and Handle Breakout.
✔️ Anytime we can see a massive movement in the stock
Reasons for this Stock Selection ✔️
💎The stock was strongly accumulated between 40-50 range,u...
On the weekly chart, the Share is able to hold a major support level at 60 levels on a closing basis. if he holds it and momentum continues upward as per the chart then it going to test again at 75 levels in the near future.
Short term target is 68 from the current level
Long term target is 75 in 6 to 9 months.
