S Chand and Company has formed a cup and handle pattern and has successfully retested the breakout.
SL 110
Target 1st 182
Target 2nd 215
Manage Your Risk
Market Analysis
Live Challenging Stock Market Analysis Buy SCHAND @ 95.25
Target @ 121.20
#sharemarket #schand
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SCHAND is firmly established on the path of recovery from many years of loss making. It has been making smart moves with digital platform 'Learnflix'. It has risen in a triangular wedge before giving breakout.
The target of this breakout is 147 and weakness below 100.
Disclaimer: this is not a buy / sell recommendation. For education purposes only.
Schand has given price volume breakout above Ichimoku cloud on weekly basis and sustaining smartly. Buy till 100 with sl around 90 on weekly closing basis for target of 210/250. Schools are about to open so fundamentally this can be 2x candidate as it has fallen drastically from higher levels
S CHAND - STOCK FROM EDUCATION SECTOR.
S Chand recently changed its trend in weekly timeframe and has formed another Higher High. Stock has potential to move towards 170/190 levels.
Stock lacks quality fundamentals with negative ROCE/ROE and EPS. Risky stock so manage risk accordingly.
SL - 60 WCB OR 90 DCB
S Chand & Co. Ltd. engages in publishing of educational books. It offers school books, higher academic books, competition and reference books, technical and professional books, and children books. The company was founded by Shyam Lal Gupta in 1939 and is headquartered in New Delhi, India.
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