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VEDANT FASHIONS LTDVEDANT FASHIONS LTDVEDANT FASHIONS LTD

VEDANT FASHIONS LTD

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MANYAVAR trade ideas

"Vedant Fashions: Poised for a Bullish Breakout or Pullback?"1. Overall Trend: Bullish Trend: The price shows a consistent upward trajectory supported by a rising trendline. This suggests strong buying interest in the stock over the period. Higher Highs and Higher Lows: The candlestick pattern indicates an uptrend with progressively higher peaks and troughs. 2. Key Observations: Demand Zones: Weekly Demand Zone (W): Around 1200–1250, indicating strong buying activity at these levels. If the price falls back to this zone, it could act as support. Daily Demand Zone (D): Around 1300–1350, where the price consolidated before resuming its upward movement. Breakout Attempt: The price is testing resistance near 1475, as shown by the yellow line. A breakout above this level could signal further upside momentum. Volume: The volume (259.59K) shows decent participation, suggesting confidence in the current rally. 3. Possible Scenarios: Bullish Continuation: If the price breaks and sustains above 1475, the next possible resistance levels could be around 1500–1550. Look for increasing volume and strong green candles for confirmation. Pullback: If the price faces rejection at 1475, it may retrace to the trendline or the demand zone at 1300–1350 for consolidation before another upward move. Support Levels: Immediate support lies at the rising trendline. Strong support exists at 1300 (Daily Demand Zone) and 1200 (Weekly Demand Zone). 4. Indicators to Watch: Relative Strength Index (RSI): Check if RSI is approaching overbought levels near resistance. Moving Averages: Use moving averages (e.g., 50-day and 200-day) to confirm trends and identify support levels. General Market Context: In a broader market uptrend, the stock is likely to follow the bullish trend. Conversely, if the market weakens, expect a pullback or consolidation around the demand zones.
NSE:MANYAVAR
by karmendrakumar
1
Amazing breakout on Weekly / Daily Timeframe - MANYAVARCheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favor that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPECTED! NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!! #No complicated chart patterns #No big big indicators #No Excel sheet or number magics TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME. Checkout an amazing breakout happened in the stock in Weekly timeframe. Breakouts happening in longer timeframe is way more powerful than the breakouts seen in Daily timeframe. You can blindly invest once the weekly candle closes above the breakout line and stay invested forever. Also these stocks breakouts are lifelong predictions, it means technically these breakouts happen giving more returns in the longer runs. Hence, even when the scrip makes a loss of 10% / 20% / 30% / 50%, the stock will regain and turn around. Once they again enter the same breakout level, they will flyyyyyyyyyyyy like a ROCKET if held in the portfolio in the longer run. Time makes money, GREEDY & EGO will not make money. Also, magically these breakouts tend to prove that the companies turn around and fundamentally becoming strong. Also the magic happens when more diversification is done in various sectors under various scripts with equal money invested in each N500 scripts. The real deal is when to purchase and where to purchase the stock. That is where Breakout study comes into play. LET'S PUMP IN SOME MONEY AND REVOLUTIONIZE THE NATION'S ECONOMY!
NSE:MANYAVARLong
by Yoyohoneysingh93
Manyavar Ready For Breakout- Looking Strong For Swing Trade✅The stock has completed a rounded bottom pattern, which is a bullish reversal pattern indicating a shift from a downtrend to an uptrend. The recent price action reflects a steady upward momentum, showing that buyers are gaining control. A breakout above the neckline of this formation can lead to a substantial rally. Vedant Fashions is currently testing the 1,400 resistance level, which has acted as a significant barrier in the past. A breakout above this level would signify a bullish continuation and could lead to a rapid move towards the target zones. Traders should watch for a strong close above this resistance to confirm the breakout. ✅ A recent surge in volume suggests that interest is building up, particularly as the stock approaches a critical breakout point. The volume increase supports the rounded bottom pattern, indicating strong accumulation. High volume on a breakout would further confirm bullish intent. The RSI stands at 59.55, reflecting positive momentum without being overbought. This setup suggests that there is still room for the stock to move higher before hitting resistance from momentum indicators, adding strength to the bullish bias. 🚨 Following a breakout above 1,400, the stock could aim for 1,500 initially, with an extended target around 1,550 if the momentum continues. These levels align with historical price action and pattern projections, making them achievable targets in the short to medium term. On the downside, 1,268 serves as a strong support, closely aligned with the 50 EMA. This level provides a solid foundation for the stock and a move below it would weaken the bullish outlook, making it an ideal stop-loss point.
NSE:MANYAVARLong
by Marketik
The medium- to long-term outlook for Vedant Fashions Ltd.The price level of 1100 has historically been a key psychological threshold, often influencing market sentiment. In the past, the chart structure has typically prompted swift decisions within this range, leading to a shift in sentiment within a week or two. Recently, the stock surged to a high before undergoing a sharp correction, eventually bottoming out near its IPO opening price. Following this, the stock rebounded, but fresh selling pressure emerged around the 1150 level, initially suggesting the formation of a bearish flag and pole pattern, which later failed to materialize. Currently, the stock is consolidating at the 1100 level, spending more time here and exhibiting positive sentiment on a daily basis. A strong breakout from this consolidation, coupled with a decisive close above 1150, could trigger significant upward momentum. It's important to view this chart analysis as a case study rather than a recommendation for taking a position. Always conduct your own due diligence before making any trading decisions.
NSE:MANYAVARLong
by ameyagawade9
MANYAVAR : Scaling Up with a 1.25% allocation 📈 Added 1.25% to my existing 1.25% holding in this stock, bringing the total holding to 2.5%. Anticipating a potential move of approximately 50% towards the target levels from the current average price levels. 📉 However, from the current average price levels, there's a downside risk of about 19% to the all-time lows. If the price were to plummet to those levels, further consideration for adding on would depend on the net capital size at that point. 💼 This stock belongs to the small-cap category. The financials of the company are notably attractive. Institutional investors, both Domestic Institutional Investors (DIIs) and Foreign Institutional Investors (FIIs), have been consistently increasing their holdings over the past few quarters, totaling 3.45% and 7.74%, respectively, as of December 2023. Mutual funds have slightly reduced their stake but still hold about 10.28%. Retail investors have increased their holding, albeit modestly, standing at only 3.54%. This signifies a significant involvement of strong-handed institutions in the stock. 📊 Given these factors, the decision to take this position is substantiated by ample confirmation from institutional activity and the promising financial outlook of the company. 📢📢📢 If my perspective changes or if I gather additional fundamental data that influences my views, I will provide updates accordingly. Thank you for following along with this journey, and I remain committed to sharing insights and updates as my trading strategy evolves. As always, please feel free to reach out with any questions or comments. Other posts related to this particular position and scrip, if any, will be attached underneath. Do check those out too. Disclaimer: The analysis shared here is for informational purposes only and should not be considered as financial advice. Trading in all markets carries inherent risks, and past performance is not indicative of future results. It's essential to conduct your own research and assess your risk tolerance before making any investment decisions. The views expressed in this analysis are solely mine. It's important to note that I am not a SEBI registered analyst, so the analysis provided does not constitute formal investment advice under SEBI regulations.
NSE:MANYAVARLong
by Sniper-Traders
MANYAVAR : Took an entry for about 1.25% of the net capitalOverview: This small-cap stock operates in the textile sector and holds the largest market share in men's wedding attire in India. Additionally, it has expanded into women's and children's clothing under the sub-brands Mohey and Mebaz. The business boasts a consistently high gross margin of around 60%. Reason for Recent Stock Decline: The recent crash in the stock can be attributed to its overvaluation. Despite favorable price, revenue, and earnings forecasts by analysts, the market corrected the stock's price to align with its intrinsic value. Financial Outlook: The company's financials remain attractive, with analysts forecasting positive growth. Institutional investors, both Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs), have been increasing their holdings consistently over the past few quarters, indicating strong institutional interest. Although mutual funds have reduced their stake, the decline is not significant. Shareholding Pattern Analysis: While the increase in retailer stake might raise concerns about weak-handed involvement, considering other factors, it appears manageable. Moreover, my entry price is lower than the price where these acquisitions are made and it gives me a better margin of safety over them. Investment Strategy: Took an entry for about 1.25% of the net capital, with a target upside move of 48% on the invested capital. Acknowledging the downside risk of around 21% to all-time low levels, further additions to the position will be considered if the price consolidates or exhibits signs of reversal in the coming weeks. Will update if any changes are made, underneath this post.
NSE:MANYAVARLong
by Sniper-Traders
Not to be Missed Long Term InvestmentAdd on Dips & Hold Long for MULTIBAGGER GAINS Exclusive brand outlets (EBOs) EBO network is an integral part of our business model with a majority of our sales being generated through them. We have an aggregate of 1.3 million square feet of EBO retail space across 223 cities and towns in India and 8 cities internationally. We opened our first EBO in Bhubaneshwar in 2008 and our first overseas EBO was set up in 2011, in the United Arab Emirates. Our franchisee-owned EBOs are designed with a combination of aesthetic appeal and modern touch. We have 61% of retail space in FY22 attributable towards our flagship stores. GROWTH OPPORTUNITIES - KPMG Report Industry Structure and Development Overview of the apparel retail market in India The domestic market is expected to continue to grow strongly until Financial Year 2025, clocking up to INR 8.1 trillion to INR 8.2 trillion, registering a CAGR of about 18% to 20% between Financial Years 2022 and 2025. All the apparel segments to register high growth during Financial Years 2022 to 2025 Men’s wear segment projected to be the fastest growing over Financial Years 2022 and 2025 The share of men’s wear is projected to attribute approximately 44% of the retail apparel market in Financial Year 2025, clocking the highest growth rate of nearly 20% to 22% between Financial Years 2022 and 2025, because of the availability of a wide range of brands, designs, colours, sizes, fittings, and fabrics, acceptance of smart casual attire among corporates, global fashion awareness among the youth, and a favourable young demographic in India. Women’s wear and kids’ wear are projected to grow at a CAGR of 18% to 20% between Financial Years 2022 and 2025, respectively. Over the longer term, the factors contributing to the rise within the women’s wear segment would be the growing number of working women, deeper penetration of global and Indian branded players in the segment, higher discretionary spending, and increasing awareness of fashion trends. The healthy growth of kids’ wear in the long term is because of the rising proportion of the young population (30% of India’s population is younger than 15 years old). Long-term growth in the domestic market will be driven by rising working population and income levels, higher penetration of organized retail stores and e-commerce, and growing preference for RMG over tailor-made garments. GROWTH FACTORS - CRISIL REPORT An overview of the Indian wedding and celebration wear market in India The term “Indian wedding and celebration wear” can be defined as apparel worn on special occasions such as weddings; close-knit family functions such as puja, housewarming, etc.; festivals such as Diwali, Eid, Holi, and Raksha Bandhan; and other events such as Independence Day and Republic Day CRISIL Research expects the Indian wedding and celebration wear apparel market to grow at a 15% to 17% CAGR over the Financial Year 2022 to 2025 period, reaching INR 1,325 billion to 1,375 billion by Financial Year 2025, led by the fundamental nature of the industry, higher spending per consumer and the increasing trend of multi-day wedding functions in India. Not only is the Indian wedding and celebration wear market driven by the immediate family of the bride and the groom but also their close friends. The Indian wedding and celebration category is also driven by frequent festivities in India. Key brands such as Manyavar and Mohey have propelled their sales through celebrity advertisements to attract youth. To achieve a deeper, connect with our consumers, we utilise targeted marketing campaigns through digital and social media, billboards, multiplex cinemas, television advertisement and live events. We believe we have developed a strong brand identity through effective brand advertising and distinct marketing campaigns for our brands. We attempt to connect with our customers at an emotional level through subtle messages that our customers can relate to. These include values-based messaging themes embedded around traditional cultural values, such as “Diwali Wali Feeling”, “Shaadi Grand Hogi”, “Pehno Apni Pehchan” “Apno Wali Shaadi” and “Shaadi ka Kharcha Adha Adha”. Some of our campaigns are also based on specific categories of persons such as groomsmen or specific celebrations and occasions. Technology is at the forefront of our operations and is essential to us being able to attain operational efficiencies in our sourcing, manufacturing, distribution, and sales processes and delivering an enhanced retail experience to our customers. Most of our business operations are system-driven with limited manual intervention. We utilise data analytics for capturing and analysing evolving consumer preferences and purchase trends across the country and have developed a strong expertise and understanding of consumer preferences across India. We also rely upon our technology platforms to monitor and manage store inventory levels on a real-time basis and integrate our stock and supply chain with our production cycle. Our backend production processes, including our supply chain and inventory management are data-based and algorithmically managed with every stage system-driven, including the procurement of raw materials, manufacturing (on an SKUidentifiable basis), warehouse inventory management and store replenishment. As a result, we have a record of every product sold at our franchisee owned EBOs and are able to maintain synchronisation between store inventory, sales, and billing cycles from each store. We have also developed a mobile application and an upgraded website to support the customer product selection and sales processes. For Detailed Report Plz visit my Profile Dont miss to Like & Share Regards, Naresh G SEBI Reg. RA
NSE:MANYAVARLong
by NareshG_SEBI_REGISTERED_RA
1