Sbc share Sbc can give a good move in upcoming sessions if it cross the level of ₹37.5 then we can plan for fresh entry for the target of ₹45 and so on growth is possible in this sector
SBC trade ideas
SBC - Volatility Contraction Pattern (VCP) - Breakout -DailyAlways welcome for any comments with your feedback, or give it a like if you find it useful.
Name - SBC
Pattern - Volatility Contraction Pattern (VCP)
Timeframe - Daily
Status - Breakout
Volume - Very good volume
Cmp - 35.33
Target - 45
SL - 32
SBC Stock gave breakout on 5th Sep with very good volume.
Currently it looks like retesting the breakout level -32.
What is the Volatility Contraction Pattern (VCP)?
The VCP is a chart pattern that shows a series of price contractions, where each contraction is smaller than the previous one. This pattern typically forms during a consolidation phase after a significant price move. The idea is that as volatility decreases, the stock is preparing for a breakout.
Strengths
The company has shown a good profit growth of 74.06% for the Past 3 years.
The company has shown a good revenue growth of 19.74% for the Past 3 years.
Company’s PEG ratio is 0.86.
The company has an efficient Cash Conversion Cycle of 53.09 days.
Limitations
Promoter pledging has increased from 16.22% to 18.24% in 1 quarter.
Company has negative cash flow from operations of -11.79.
The company has a low EBITDA margin of 3.60% over the past 5 years.
The company is trading at a high PE of 84.37.
The company is trading at a high EV/EBITDA of 54.49.
Breakout in SBC Exports Ascending Triangle Breakout Setup
RSI above 70 and rising
Trading above EMA50
Volume spurt
~8 months of consolidation
Disc: for study, not a recommendation
Ascending triangle breakout giving TGT 57, 75 from 35SBC exports forming ascending triangle pattern showing bullish trend from today,s breakout with high volume. The company is fundamentally strong highly conviction to achieve target in one month.
1st target -57
2nd target -75
#SBC Gearing up for a breakout#SBC is gearing up for a breakout, with the last two trading sessions showing significant volume and the stock trading above the 50 MA. The momentum suggests it's set for a bullish run, making it a strong candidate for a swing trade.
Target: 35-37
Stop Loss: 29.4
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Trendline Breakout in APOLLOPIPE
BUY TODAY SELL TOMORROW for 5%
SBC Exports Ltd: Cup & Handle PatternSBC Exports Ltd: Cup & Handle Pattern
BO soon stock
33 weeks long base
27-83 % upside potential
Levels mentioned on chart & given targets seems achievable.
Plan your trade accordingly.
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’,trade at your own risk.
"Trade what you see, Not what You Think"
Happy Trading(:)
#SBC (Weekly)⚡️Good Quarterly Results
⚡️Almost Debt Free
⚡️10Y Profit Growth of 79% CAGR
⚡️Symmetrical Triangle Breakout & Retest
🔴 SL 28.50
🟡 CMP 30
🟢 TGT 33/38/45
