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
NSE:SCHAND Levels already mentioned.. Look for swing..
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@ 334.75 CRUCIAL for T+1 days
#1. If Hit Intraday: Confirmation of Trend Reversal.
#2. If Missed but made high above @ 331.80: +VE BIAS Intact.
Best LONG: @ 322.70 - 321.60
Aggressive Traders Entry: LTP +/- 0.5%
T+2 TGTS: @ 328.00 - 331.05 - 333.00 ....... more on chart.
Closing SL: 318.50-, TSL: @ 315-
Education purpose only.
S.Chand story is about what makes a business grow at an invigorating jump, expand its horizon, build a prestigious brand and stand tall amongst its competitiors, really empowering the minds.
Stock is consolidating around 470, trading in a symmetrical triangle. On break above 499 resistance is at 555 & 615. STOP:460
Market Cap.: ₹ 1,677.51 Cr.
Current Price: ₹...