PATANJALI REVERSING FROM SMALL SUPPORT#PATANJALI price is tested at support for last one month now it has reversed from support and broken small resistance
good for swing trade
Entry - CMP
Target - Previous high
SL - below support line
PATANJALI trade ideas
Patanjali Fundamentals:-
Market Cap ₹ 48,596 Cr.
Current Price ₹ 1,342
Book Value ₹ 282
Graham Number ₹ 380
Stock PE 59.1
Industry PE 17.7
Dividend Yield 0.45 %
ROCE 13.5 %
ROE 11.1 %
Promoter holding 73.8 %
Pledged Promoter 0 %
Debt 5 yrs ago ₹ 7,226 Cr.
Debt 3 yrs ago ₹ 3,467 Cr.
Debt ₹ 1,263 Cr.
Reserves ₹ 10,132 Cr.
Piotroski score 3.00
Its a Dividend giving stock but poor Piotroski Score.
Stock PE is approx three times industry PE.
Book value & Graham Number are lower as compare to its current price.
ROE & ROCE are ok.
Stock is reducing Debt since last 5 years & also reserves are more than Debt.
Promoter holding is very good & No promoters are pledged.
Technical:-
Stock is in Ascending Channel.
Supports are marked with Green horizontal Lines.
Targets and Stoploss as marked on the Chart.
Price is above 200 EMA on weekly chart (200 EMA is Near 1000).
Wait for more fall in this stock.
Levels:-
Accumulation Near 1000 & 760
(For long term investors accumulation below 800)
Stoploss 675
Swing Tgt 1215
positional 1750
LongTerm 2200
This idea is for Educational purpose and paper trading only. Please consult your financial advisor before investing or making any position. Facts or Data given above may be slightly incorrect. We are not SEBI registered.
patanjali foods gettingready to boombuy above1665 and get ready to enjoy the bull ride up to target 2127
PATANJALI | Investment Pick📊 DETAILS
Sector: Vegetable Oils & Products
Mkt Cap: 60,981 cr
Ruchi Soya Industries Limited is engaged primarily in the business of processing of oil-seeds and refining of oil for edible use.
TTM PE : 69.68 (High PE)
Sector PE : 57.78
Beta : 1.01
📚 INSIGHTS
Mid range performer
Stock with medium financial performance with average price momentum and valuation. These stocks may be affordable and are showing some investors interest.
2.49% away from 52 week high
Outperformer - Patanjali Foods up by 5.11% v/s NIFTY 50 up by 3.54% in last 1 month
📈 FINANCIALS
Piotroski Score of 4/9 indicates Weak Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
🔍 More Analysis & Trade Setups 🔍
For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
Patanjali Foods Ltd. Long tradeNSE:PATANJALI Good opportunity to invest in Patanjali Foods Ltd.
Place your orders after Breakout of the resistance line.
POSSIBLE BUYINGS-----
Case 1:
Buy : After breakout of resistance line @ 1050.
Stop loss : @995
Case 2:
Buy: At channel support @950
Stop loss: Below @900
Reasons to buy:
1: Patanjali foods is following a rising channel, at present it's trending at channel low.
2: Good support from the channel low (as shown in chart).
3: Good Risky to reward ratio.
Thanks
Disclaimer: This idea is only for the Educational purpose, Kindly invest at your own risk..
Patanjali looking at good positionRectangle is the boundary any side breakout will give a good momentum in that direction
Patanjali 72% upside towards 2500sAscending triangle formation and consolidation of 2 months after breakout testing patience like rock. Expecting move towards 2500 in near term may be in 8-10 months
Personally invested
#PATANJALI Food-Ascending Triangle #Breakout🚀🔥#PATANJALI Food-Ascending Triangle #Breakout🚀🔥 in WTF
CMP 1684
Narrow MonthlyCPR
Volume Spurt #BitcoinETF
PATANJALI broke Ascending TrianglePatanjali has smashed through resistance levels and is on a bullish upward trajectory.
Good long position can be buildWe can see good uplift in patanjali stock from this levels . Earlier i have posted this stock entry with small sl that got hit of 2% percentage but now its good for good atleastb12 % from now
Good for swingLooking good for swing almost 1:3.5 for swing long. We will enter only if it starts supporting grean area that nearly 1600 .
Good for longLooking good for swing trade with almost 1:3.5 swing trade. If starts support red blocks until it breaks
LONG IN PATANJALI FOODSany one can go with this share for long term , target and stop loss is yours
disclaimer:-all profit and loss is yours i am not responsible for it
IF YOU EARN A PROFIT PLEASE FEEL FREE TO DO A COMMENT THAT I EARNED GOOD PROFIT BY YOUR IDEAS , AND IF LOSS OCCURS THAN ALSO DO COMMENT FOR SAME AS WELL,
Patanjali foods trend analysis weeklyPatanjali foods trend analysis weekly
Big base breakout with good volume.
big new uptrend may start, which may trend 9 months to 24 moths.
Only for journaling not for the trading.
This post is for my personal use.
Note : only for learning, not a trading recommendation. i am posting as a trading journal before and after breakout.
WEEKLY AND MONTHLY SWING TRADE POTENTIAL - PATANJALI FOODSOne can plan for a 16% approx return in upcoming
2/3weeks with the same stop loss based on weekly Breakout.
Plan for a Long Term Swing Trade only if
December MONTH CANDLE CLOSE ABOVE 1550 with Good Volumes
Refer the chart for Entry,Target and SL.
NOTE: This trade is only for Equity Swing buy and not to be considered for options trading.
Please do follow Position Sizing and Risk Reward Ratio while planning any trades.
Note: This information is for education purpose only and please do your own research and consult your financial advisor prior to taking any action.
TO CONNECT WITH ME CHECK OUT MY BIO.
If you like this Idea, Please do like my ideas and share it with your friends. check my bio.
Please boost my ideas and send cheers as it acts as a motivation to keep posting my analysis.
Thank you
BUY PATANJALI FOODS [BREAK - OUT]Ascending triangle breakout in patanjali foods ! buy at cmp and keep sl and target as mentioned . And multi-year breakout
HAPPY TRADING :)
PATANJALI ALL TIEM HIGH BREAKOUTThe stock is Testing life time high levels
This is 3 years old Year Breakout
Keep a watch coming days on how the price moves. A strong day closing above 1520 will be a good sign.
This idea is for Educational Purpose Only.
Learn & Earn,
LETS GROW TOGETHER
Faisal Merchant
I am not SEBI registered and all Ideas posted by me are for Educational Purpose.
PATANJALI !!#PATANJALI New Inning Started
Upside potential 2300+
Weakness Below 1380
#StockMarket #StocksToBuy
PATANJALI - BO Confirmed
Can Buy at Support Zone of 1500-1550 and SL 1300 WCB in Coming months it can give good return.
BREKOUT IN PATANJALI 📌SWING TRADE FOR NEXT WEEK🚀
Hello guys,
I am a swing trader by passion i only trade on swing stocks.
📌I post daily SWING CHARTS analysis on my trading view profile..
so let's start
📌TRADE ANALYSIS OF patanjali :-
•Breakout of symetrical pattern on WTF with strong candle
•Break counter trend line and hidden lines
•Volume increases last few days high
•Bullish trend/ make good structure also
•Made good price action
•Make higher highs/higher lows
📌 Add on your watchlist....
📌 If you have any questions about any stock you can DM me Or comment on post 📱
📌Disclaimer:-
This all chatrs analysis are only for educational purposes only
I do not provide any CALL or Tips
PATANJALIFOODS - Weekly BO stock - Wait for a closing at weeklyPATANJALIFOODS - Weekly BO stock - Wait for a closing above 1520 weekly.
Remember: I am a Price Action Trader and use Price and Volume together with different Timeframes, including RSI, and market conditions. To get best result always wait for confirmation. Focus on Risk Management and Position sizing.
I use Trading view for my Analysis and charts Repositories. I could have Or Couldn’t have positions in Sharing Ideas.
Treat trading like a business and it will pay you like a business…..!!
Hope this post is helpful to community
Thanks
RastogiG
For Tradingview Premium plan, Can go with the below link
in.tradingview.com
Disclaimer and Risk Warning.
I am not Sebi registered analyst. The analysis and discussion provided on in.tradingview.com
is intended for educational purposes only and should not be relied upon for trading decisions. RastogiG is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RastogiG does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
Bluesky BreakoutIt Is Engaged in Food & FMCG and Edible Oils.
Market Cap₹ 54,697 Cr.
ROCE 13.5 %
InstHold 12.8 %
Growth -3 Years
sales 34%
Profit 57.4%
Breakout into bluesky with Volume.
PATANJALI ANALYSISLong position can be created in this stock. As, we can see the price is taking reversal from its important zone. We can also see a bullish price action at golden zone making a morning star formation. Position can be made with the given stoploss and targets
