Trade idea for Long term Investors
High Reward Trade for High Risk Investors
Success rate 80% - 90%
"Realize Full Potential of a Stock by having Patience"
"Stock Market is more about What can happen rather-than what will Happen"
In Markets there is no 100% Guarantee but one can invest in High Probability Stocks
ALWAYS KEEP IN MIND
Rule 1 : Respect Target &...
Hello community
Here I will be talking about the process for picking up the stocks based upon the All Time High (ATH)/52 Week BO Stock and RSI . As this is known to everyone but only few are getting benefited by applying it in real trading. The stock represents strength if it breaks its ATH Level and comes from Weekly BO Base. Most of the gains are made with the...
Buy this gem for 2/3 months, dividend giving and has joint venture with UAE based company for expansion for its pharma products.
target 1 - 76
target 2 - 86
target 3 - 95 and beyond.
Good Q4 results expected.
SIGACHI – CMP 87.15 | Dated 24 Feb – Stock ready to breakout, strong volume.
Concentrate if the price is sustained above 88 with the target of 96 and 110
SIGACHI
1) Time Frame - Monthly.
2) The Stock has been in a consolidation / Downtrend since its listing (November, 2021) and has given an IPO base / Previous Life Time High breakout & Closed with strong bullish momentum & Good volume in monthly time frame.
3) Since it is a cup pattern breakout, The stock may reach the target (182) as per the cup pattern breakout...
Stock has given a flag breakout at 55
Pole Height : 20 points
Sigachi is also creating a rounding bottom breakout above 62 which is its listing price.
Looks a strong candidate to double from here.
Short term trade.
Reason for long
a) FII increased the stake
b) volume and price spurt
c) YoY profit potential increased
d) averaging point is 40, 50 and 30
e) channel breakout and overshooting towards upside possible
f) SL compulsory
g) fundas okay
Sigachi break out identified on 03-Jan-24.
The break out is Flag & Pole , while company has solid fundamentals
PE - 45
ROCE- 19.6%
ROE - 17.6%
MCAP - 1950 CR
Debt - 72 CR
Sigachi Industries is giving IPO base breakouts on the weekly and monthly charts. Closing above 63.40 every week can open gates for 77, 93, and 107 levels. Also, a rounding bottom structure has formed on the weekly and monthly charts.
Disclaimer: I am not a SEBI registered analyst. All the stocks are for educational purposes. Investors must consult a financial...
CMP: 53
- 3 weeks of consolidation after returning 50% in a month
✅ IB
✅ NR7
I will look to build my position above the latest candle with a small SL of less than 2-3%
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...
Weekend Pick 3: Sigachi
Fundamentals : Strong CAGR, Consistent Growth on Sales, Profits and EPS. Strong Reserves vs almost debt free !
Technicals : Bullish Harmonic Bat Pattern active. Good volumes.
R 1: 47
R 2: 52
R 3: 57++
Avg bet 35-33 if retests/falls , SL : 29.5
SIGACHI Industries is showing signs of Wykcoff Accumulation. I I have explained earlier in my post how Wyckoff accumulation works. Please refer it. I believe a trend reversal is taking place here. I have entered the scrip with stoploss placed @ 280.
*DISCLAIMER*
This analysis is only for educational purpose. I am not a SEBI Registered Analyst/Advisor. Please...
