Stock is about to begin either next 1-2 leg or 3rd wave.
After ATH break 1k+ possible, apart from stock is expected to post good results.
If stock breaks last sessions gap candle high then can ride it otherwise more consolidation can be expected.
DISCLAIMER:
There is no guarantee of profits or no exceptions from losses.
The stock and its...
Sula Vineyards Limited is India's largest wine producer and seller. The company also distributes wines under a bouquet of popular brands including "RASA," "Dindori", "The source," "Satori", "Madera" & "Dia" with its flagship brand "Sula" being the "category creator" of wine in India
CMP 540 as per price action it has touched the earlier BO levels and holding the...
The stock has been in an uptrend since its listing.
Current correction of 25% from its all time of 699 is in line with the past price corrections in the stock.
The stock is finding support at the 38.2% FR level as seen by the Hammer Candle formation on the Weekly.
Previous consolidation high is also at 535, can provide support.
If the stock survives...
📊 DETAILS
Sector: Breweries & Distilleries
Mkt Cap: 5,595 cr
Incorporated in 2003, Sula Vineyards Limited is India's largest wine producer and seller as of March 31, 2022. The company also distributes wines under a bouquet of popular brands including "RASA," "Dindori", "The source," "Satori", "Madera" & "Dia" with its flagship brand "Sula" being the...
Currently @ ₹665.10, up by 4.66% today and a sweet 2% yesterday as well, shows strength
100EMA @ ₹632 -- 50SMA @ ₹615
The stock is currently above its 50-day and 100-day moving averages, which is a bullish sign , with a Resistence @680 .. a higher upsdie is open ..
NSE:SULA
✅ #SULA trading above Resistance of 590
✅ Next Resistance is at 828
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This...
SULA / Sula Vineyards Ltd - 5 months consolidation breakout | All Time High
1) Time Frame - Weekly.
2) 5 months of consolidation / previous All Time High broken in weekly time frame with huge volume.
3) Since the stock is moving in an uptrend channel it will find its resistance around the price (626.45 - 13% from today's close).
4) Recommendation - Strong Buy
Given a strong momentum breakout with good volume. Need to see if this will come for a retest or not, though chances are bit less, but if it does, a buy zone should be around 510-513 with a StopLoss of 5%. If you take entry at current price, SL would be decided on the closing of coming Monday's closing price.
Expected Targets are mentioned in the chart, I am...
SULA VINEYARDS has given a 52-week high breakout. Stock can achieve 617, 702, and 764 levels in the coming few months. The 535 can act as a support level. Also, good volumes can be seen on the chart.
Disclaimer: I am not a SEBI registered analyst. All the stocks are for educational purposes. Investors must consult a financial advisor before making any investment....
SULA looking really strong with BO right now, huge volumes, Sector is also heated up with UBL, United Spirits looking good.
Add to the list and keep checking if the overall Market corrects and gives a good entry point.
NSE: SULA is closing with a bullish consolidation breakout candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on...
currently trding @462 ,as far my personal view expected 20% upside in short term. as last some month liqure stocks boom and demand surge. we are expecting as good brand and fundamental presence boom in short term.Technicall also its looking attractive ,breakout on 1D time frame.
i hope this idea will help you to take decision.
i will update it time to time follow...
THE Fundamentals are a major concern but a technical opportunity can be identified . the stock is moving in a channel of making higher highs 576 can be immediate target
NSE:SULA
✅ #SULA trading above Resistance of 494
✅ Next Resistance is at 590
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is...
Ready to breakout Buy above 528 | Tgt 552, 580 | Sl 498
Traders keep this stock on your radar to catch the Momentum
It is my view and trade your own analysis
This company operates in a fairly new segment for Indians, but has made a significant impact on the market.
The trends show that this is in an uptrend with a strong resistance broken previously.
I would target 460-475 from here.
DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
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...
![SULA: SULA BO [Daily]](https://s3.tradingview.com/h/HSd2MIaL_mid.png "SULA BO [Daily]")
