- Company has reduced debt.
- Company has delivered good profit growth of 21.9% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 29.3%
- Annual Revenue rose 16.5%, in the last year to Rs 1,198.3 Crores. Its sector's average revenue growth for the last fiscal year was 26%.
- Quarterly Revenue rose 8.6% YoY to Rs 313.7...
Stock in constrained up trend
Higher high and higher low movement
Probability of a short term trade with Risk-reward ratio of 1.7
Target and stop loss mentioned in the chart
Not a recommendation, for study only
This is my trading journal, not a trade recommendation. Idea presented only for educational purposes for me and others who want to benefit from my experience.
DISCLAIMER:
Trading in the stocks market or futures markets is on e of the riskiest forms of investments available in the financial markets and suitable for sophisticated individuals and institutions. The...
NSE:ROLEXRINGS has given a solid breakout and now one can go long in this position by keeping a stop loss at 2150. It gave an initial breakout and then took out the previous high which makes this breakout more interesting and strong.
In the Weekly Chart of ROLEXRINGS ,
we can see that; it has given breakout from Cup & Handle Pattern.
Let it retest.
Expected momentum is shown in chart.
Rolex Rings is a leading manufacturer of forged and machined components, one of the top 5 forging companies in India and is also a Global supplier of hot rolled forged, machined bearing rings and automotive components for various segments of vehicles, Industrial Machinery, Wind Turbines and Railways.
It derives nearly 54% of its revenue from bearing rings and 38%...
1. Bullish Engulfing on Weekly TF.
2. Made Higher Low around 1700 levels.
3. Doji followed up with Bullish candle (where Open = Low).
4. a. Very good Risk to Reward (about 1:3) in short term.
b. Risk: Reward - 1:5 in longer time frame
Another Script supporting wonders of PC ( Parallel Channel ) #WondersOfPC
ROLEXRINGS (CMP: 19699.15)
--> ALL 3 Parallel Channels namely PC-A, PC-B & PC-C are of SAME WIDTH & SLOPE !!
Isn't it wonderous!!
Current Status:
-At breakout level of PC-C Upper line
-If the coming days candle goes above 1895-1900, it will be confirming BO
-And if not, it will test the...
#RolexRings tried to cross 1350 levels three time in 6 months of 2022 and as successful in doing that 3rd time. After which it gave 40%+ return in 2 months
NSE:ROLEXRINGS
Here is the Previous Chart:
Chart is self explanatory. Levels of breakout, possible upmove where stock may find resistance and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered....
PLEASE WATCH MY ANALYSIS ON INDEX TO GET MORE CLARITY ON MY ENTRY. (Available in my profile)
1 Day Timeframe
- Good breakout, retracement + bullish candle
1 Hr timeframe
- Good trendline formation
15min
-Consolidation and breakout. Chance for a small retracement.
MY ENTRY ONLY IF
1hr candle closes above prior high + Nifty bullish indication (Please watch my...
