Multi-year break out from 950 levels
PE = 16 , less than IND PE 31
PEG < 1
Almost Debt-free
Good ROCE, ROE numbers
Profit is growing around 20%
EPS - 10x in 10 years, 3x in 5 years
Stock is in Stage 2
DTF formed a small VCP BO with a volume
minore volume dries up before BO
RS Line making 52WH
MACD Crossover
EMA rule in, pleace
Mindset: set up is there i have to take it
cause of market condition will enter wiht 50% QTY
📊 DETAILS
Sector: Auto Ancillaries - Spare Parts & Accessories
Mkt Cap: 4,214 cr
Sharda Motor Industries Ltd is primarily engaged in the manufacturing and assembly of Auto Components and White Goods Components.
TTM PE : 17.29 (Average PE)
Sector PE : 50.06
Beta : 0.80
📚 INSIGHTS
Strong Performer
Stock with consistent financial performance,...
Sharda Motors. Auto ancillary. Good fundamentals. 1.7Y consolidation and breakout. 30-40% upside potential
Cons: FY23 (-)OCF, High working capital
Disclaimer: Educational. Not invested
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1%-2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking...
As you can see this stock has just breakout of its very crucial resistance i.e, 950. And after forming ascending triangle it gives this breakout. This makes it a good swing trade setup.
This analysis is just for educational purpose. Do your own research before investing in any securities.
Breaking out Symmetrical Triangle pattern with good volumes.
Breaking out inside bar candle also.
Stock also have strong fundamentals and fair valuations.
Swing trade opportunity in SHARDAMOTR
Entry - 625
Target - 756
DISCLAIMER: I am not SEBI registered and the ideas posted are only for educational purpose. Always trade with proper STOPLOSS.
SHARDA MOTORS looks good for swing trading. Price consolidating near our demand zone, which is also the 200 EMA on the daily time frame. Price action look bullish for the near target of 845. Keeping SL near the 200 EMA at 719-715. Fundamentally company looks good. Hence no big reason for the fall. Buy near 743-750 levels.
With a stop loss of 734 one may seek target of 1025..resistance seen at 855 and 940-950.. earnings have grown in last FY and trend may continue this quarter as well...price is at support trend line so a tight SL is mandated.. fair warning - the stock is very thinly traded
Disclaimer: Always take trades based on your own risk appetites. And always enter SL first.
Points to note:
1. An important zone of 800-810 tested repeatedly, getting rejected every time
2. Level finally been broken with the help of strong volume upsurge.
3. A good rounded base formation
A Long trade can be initiated as follows:
Entry above 839
SL...
This is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. ...
