VEDANT FAISHONS 1WBreakout of Symmetrical Triangle + good YoY growth + seasonal boost due to festive seasons and marriage season + after a long time with good consolidation
MANYAVAR trade ideas
MANYAVAR - Weekly AnalysisIn the Weekly Chart of MANYAVAR ,
we can see that, it has given W breakout.
Let it retest and then enter with SL.
Soon we might see a Cup & Handle breakout in it.
Future Multibagger with ROCE 39.8Continuous EPS growth and highest Promoter Holdings Buy around 1000 zone.
Impulse move after a long timeThe price hit both horizontal resistance and falling trendline resistance in a clean 5-wave move.
Is it start of (3) rd wave - we will see.
In the short term, any dip through the anticipated path could present a good RR entry (near 1140-1160), as it will also complete right shoulder of the Inv H&S.
Looks like IPL fever is here to stay for the scrip.
Lets see how this develops.
Vedanta Fashion Trend line Breakout
- Entry at current level does not give good RR
- Keep in radar for a pull back to get improved RR
VEDANT FASHION (MANYAVAR) LTDVEDANT FASHION (MANYAVAR) LTD If the support respect then it will continue otherwise trend goes into reverse.
MANYAVAR - Ichimoku Bullish Breakout Stock Name - Vedant Fashions Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 1345
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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TightnessStock gave a breakout after making VCP like IPO base.
1. UP move of 36%
2. Consolidating near ATH
3. Surfing 10 and 200 EMA
4. 3 tight day closing
MANYAVAR - Perfect Rounding Bottom NSE:MANYAVAR
Vedant Fashions is engaged in manufacturing, trading, and sale of readymade ethnic wear for men, women and kids primarily in India.
PE Ratio: 182.32
PB Ratio: 22.20
Sector PE: 1,245.48
Sector PB: 6.10
Sector Div Yld: 0.51%
Some Positives:
Growth in Net Profit with increasing Profit Margin (QoQ)
Company with Low Debt
Strong cash generating ability from core business - Improving Cash Flow from operation for last 2 years
Book Value per share Improving for last 2 years
Company with Zero Promoter Pledge
Near 52 Week High
Some Negatives:
Companies with growing costs YoY for long term projects
Inefficient use of capital to generate profits - RoCE declining in the last 2 years
Inefficient use of assets to generate profits - ROA declining in the last 2 years
Declining Net Cash Flow : Companies not able to generate net cash
My Opinion: The low liquidity is my only big concern. Otherwise the rounding bottom pattern is screaming BUY.
NOT A RECOMMENDATION. JUST FOR EDUCATION. Thanks.
4 Months Consolidation Breakout in MANYAVAR 4 Months Consolidation #Breakout in #MANYAVAR (Vedant Fashions Ltd).
BSE: 543463 \ NSE : MANYAVAR
What Is a Double Bottom?
A #doublebottom #pattern is a #technical #analysis #charting pattern that describes a change in trend and a momentum reversal from prior leading price action. It describes the drop of a stock or index, a rebound, another drop to the same or similar level as the original drop, and finally another rebound. The double bottom looks like the letter "W". The twice-touched low is considered a support level.
ONLY FOR #educational
NOT SEBI REGISTERED. #LEARNEARN (TRUST YOURSELF)
#nifty50 #sharemarket #BREAKOUTSTOCKS #Multibagger #sharemarket #sharemarketindia #sensex #technicalanalysis #Chartanalysis #headandshoulders #doubletop #doublebottom #parallelchannel #relativestrength
DISCLAIMER: I am not SEBI registered analyst. All posts are for educational purpose only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.
Vedant Fashions Ltd- Symmetric Triangle Breakout.Swing Trade-Vedant Fashions Ltd- Symmetric Triangle Chart Pattern Breakout Daily Time Frame .Only Education Purpose.
Expecting Breakout ✌✌✌This scrip is expected to give breakout in the coming days. So traders keep on your radar to catch the momentum. Thanks to all 🙏🙏🙏
MANYAVAR heading for IPO base breakoutStock is moving out of a tight range on daily towards listing day high.
High RR trade if works I’m favour
Took a position @881 with a 3% stop.
Expecting Breakout ✌✌✌This scrip is expected to give breakout in the coming days. So traders keep on your radar to catch the momentum. Thanks to all 🙏🙏🙏
