SHANKARA - Weekly AnalysisIn the Weekly Chart of SHANKARA ,
we can see that; after the failure of Cup & Handle Pattern, it is showing recovery in W Pattern.
Expected Price Action is shown in chart Also it near Trendline for breakout.
SHANKARA trade ideas
SHANKARA BUILDING - MEGA RETURNS!!!BUY - SHANKARA BUILDING PRODUCTS LTD
CMP - Rs. 755
Target - 1: Rs. 1050
Target - 2: Rs. 1370
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Technicals - Cup and Handle Pattern, Bullish Flag BO
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NOTE: Both targets will be achieved within 1-2 years.
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This is just a view by an expert analyst, please invest at your own risk.
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Shankara Building Swing1) Weekly Timeframe is bullish
2) Daily Timeframe has also tested structure
3) 4HR has also printed bullish candle as confirmation
SWING TRADE BUY shankara 696-700 SL 630 TARGET 800-820 -DKM SIR
i can see the moment in the chart buy and hold as per your risk
IS SHANKARA READY FOR NEXT MOVE??Trade Or Invest Wisely.
We Can Just Predict.
Disclaimer: I am not a SEBI registered advisor, so before entering on my view please ask your SEBI registered advisor. Profit is your and loss is yours.
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SHANKARA - Ichimoku Bullish Breakout Stock Name - Shankara Building Products
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 800
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
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Expecting Breakout ✌✌✌This scrip is expected to give breakout in the coming days. So traders keep on your radar to catch the momentum. Thanks to all 🙏🙏🙏
Breakout coming in Shankara Building? 1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula:- Stop Loss/(Buy Price-Initial Stop Loss Price)
4. First sell on initial stop loss hit or close below supertrend
NSE:SHANKARA made a double top in the Rs.685-Rs.690 zone. Average volume has gone up quite a bit in last few days, and the stock was in a consolidation since Aug' 21. It can give a good volume breakout soon. Only positive for this counter is TTM sales growth of 10% and TTM profit growth of 112%. Debt also coming down since Mar'20.
This view from CRISIL shows the current position and future prospects for the company: -
Strengths:
Established market position and extensive experience of the promoter:
The group's longstanding presence of over three decades in the building materials industry, its wide network of dealers, 90 retail outlets and the in-house pipe and color-coated roofing sheet processing capacity, will continue to support the business risk profile. The promoter has around three decades of experience in the building materials industry and is assisted by a competent second line of management.
Diversified product offering and longstanding association with vendors:
Healthy relationships with suppliers such as JSW Steel Ltd, TATA Steel Ltd, Sintex Industries Ltd, Uttam Galva Steels Ltd, APL Apollo Tubes Ltd ,Kajaria Ceramics Ltd, and Cera Sanitaryware Ltd etc enables the group to offer a diverse range of building materials, and provides a competitive edge.
Moderate financial risk profile:
Networth is strong at Rs 507crore and total outside liabilities to tangible net worth ratio is comfortable at 0.8 times as on March 31, 2021. However financial risk profile is constrained by average debt protection metrics with interest coverage of 2.28 times and net cash accruals to adjusted debt ratio of 0.13 times for fiscal 2021. Financial risk profile is expected to improve over the medium term supported by steady accretion to reserves and gradual reduction in debt levels
Weaknesses:
Susceptibility of demand to economic cycles:
The group remains exposed to fluctuation in demand for real estate and home improvement. Revenues declined to Rs.2048 crore for fiscal 2021 from Rs.2639 crore for fiscal 2020 on account of lockdown led restrictions to curb the spread of Covid-19 resulting in lower footfalls in its retail stores. Nevertheless, turnover is expected to improve gradually from fiscal 2022 aided by improvement in construction activity resulting in improved demand.
Exposure to fluctuations in input prices:
As with any retail business, operating margin remains modest. The operating profitability has been volatile in the range of 3.6 to 7 percent over the last four years ended fiscal 2021 on account of fluctuation in steel prices. The operating profitability for fiscal 2022 is expected to remain in the range of 3.5 to 4 percent.
Liquidity: Adequate
Liquidity remains adequate, characterized by sufficient cushion in the bank lines and low repayment obligations. Bank limit utilization is moderate at around 70 percent for the 9 month ended September 2021. Cash accrual of around Rs.40-45 crore is expected to be adequate to meet repayment obligations of around Rs.7-8 crore. There are no debt funded capital expenditure plans over the medium term. Further, the available cushion in bank limit should be adequate to meet the incremental working capital needs over the medium term.
I guess if breakout happens and market moves up or even if stays rangebound, it will rise and will fetch good returns, so keep an eye on this counter
shankara double bottom breakouthas given a good double bottom breakout expecting a minimum target of 770
Expecting Breakout ✌✌✌This scrip is expected to give breakout in the coming days. So traders keep on your radar to catch the momentum. Thanks to all 🙏🙏🙏
Shankara On the verge of fresh 52 Week High BO.On the verge of fresh 52 Week High BO.
(Also on range breakout)
I am buying Near 690
Stop Loss : 10 % Max
Potential Breakout in Shankara Building !!!!SHANKARA BUILDING has shown a breakout above 654 with a rising volume which can lead it towards a level of 800, also there is MACD crossover supporting with RSI above 60.
Shankara buildingShankara building monthly time frame making ascending channel or higher lows and now price is at resistance. Can go long after the breakout & close above resistance.
Shankara Building looks extremely positiveShankara building looks positive and go long in this script for a massive gain in coming month, but hurdles are at around 709, 796, 883.. once these levels crossed - it reached 3 figures and moves on..
Watchout for Weekly Resistance breakoutThe stock is testing it's strong resistance zone and looks good above 684 level (cosing basis) for mid term targets of 800 and 925.
Learn & Earn,
Dr. Tanya Kumar
shankarathis scrit is ready for 700 level, once sustain above700. it may touch 900 with in 3 4weeks.
Swing opportunity !The stock gave trend line breakout .
5 DEMA crossed 13&26 DEMA from below on same day. Looking for good long position.
This is only for educational purpose. Do your own analyze before trade !!!
Trendline Breakout for more than 5%DON'T HAVE TIME TO MANAGE YOUR TRADES? | Multiple Trendline Breakout in SHANKARA
- Take BTST trades at 3:25 pm everyday
- Book profits within first 30 minutes of the market opening
- Try to exit taking 3-5% profit of each trade
- SL can be taken when 5/15 min candle close below 44EMA
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
Buy Today, Sell Tomorrow: SHANKARA for more than 5%
SHANKARA - TRIANGLE PATTERNSHANKARA - TRIANGLE PATTERN
We can take a entry if it breaks out of triangle pattern
