Breakout soon in TEXMO PIPESRound Bottom Breakout Setup
2years+ consolidation
RSI above 70 and rising
Trading above EMA50
Volume accumulation
Possible levels >>132 >>>149>>+
SL>> 85
Disc: for study, not a recommendation
TEXMOPIPES trade ideas
TEXMOPIPESAs we can see, the has crossed previous high on weekly chart visible, there is strong posibility that stock can pickup up move upto 160 levels in the coming month, all technical indicator are positive in the stock, Stop loss for the stock will be 90.
Double Top break Double top break on a long term chart. Expect good upside in near term and decent returns in the long run.
Buy Texmopipes @102
Stoploss : 80
Target : 150-180-200
Longer term rounding Bottom Breakout close above 102.Texmo Pipes and Products
It manufactures and trades PVC, HDPE, SWR, Sprinkler, Drip, CPVC Pipes & Fittings.
Market Cap₹ 279 Cr.
InstHold 0.60%
Growth YOY:-
SALES 19%
PAT 571%
Longer term rounding Bottom Breakout close above 102.
#StocksInFocus
TEXMOPIPES - heading towards new highsNSE:TEXMOPIPES
cmp 89
heading towards new highs
The objective of this analysis is knowledge sharing and education. There isn't any buy or sell advise in this article. Every stock is held for a short to medium amount of time and is positional.
It is expected of each person to carry out independent research and evaluation to ascertain whether my perspective is consistent with your studies.
TEXMO PIPIE BUY ABOVE 70 TGT 86 & 100weekly , daily and monthly Breakout confirmation only above 70 with SL 61.
TEXMOPIPESTEXMOPIPES: Expecting Cup & Handle Pattern will be done Above 100 CMP@82.25 Targets 92-102-112-122+++
TEXMOPIPE Daily looking bullishTEXMOPIPE Daily has trendline breakout with 200 ema support on daily candle. Good to buy at 72 for target of 100 with sl below 63.
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This is purely for training and educational purposes. We shall not be responsible for your profit or loss.
The stocks discussed or recommended here, may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position.
TEXMOPIPES Swing TradeTEXMOPIPES
Buy : 70
Target : 77
*DISCLAIMER*
This analysis is only for educational purpose. I am not a SEBI Registered Analyst/Advisor. Please consult your financial advisor before taking any position and please use a Stop Loss for any Investments/Trading Positions. It is your hard earned money so give risk management your highest attention. Do take this disclaimer seriously.
TEXMOPIPES Bullish; above 70 on Tuesday 14 Aug Please check out the INTRADAY Trading Strategy in the COMMENTS section below during the live market hours:
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1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within the first five to 15 minutes. "High Risk Traders" buys in hope of another 2% upmove intraday.
"High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also
2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage").
Safe traders with minimum risk profile may Wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage
3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.
Both Safe Traders/High Risk Traders may book profits at this stage
Stop Loss: You may keep the stop loss @ "Open" price of the day OR "Breakoutprice"
The above information is not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendation.
VOLATILITY COMPRESSION PATTERN BUY TEXMOPIPES having awesome fundamentals is ready for the upmove after correction.Keep an eye abv 83 levels for longs.
BUY TEXMOPIPES (a micro-cap company with good fundamentals)Its a micro cap company, don't invest more than 4-5% of your capital.
PROS (as per screener.in) -
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.74 times its book value
- Company is expected to give good quarter
- Company has delivered good profit growth of 29.09% CAGR over last 5 years
- Debtor days have improved from 53.85 to 38.54 days.
CONS (as per screener.in) -
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 2.89% for last 3 years.
- Company's cost of borrowing seems high
Buy at 55-60 (Stock is in upper circuit)
Target as per Fibonacci: 80, 100, also can keep for long term
SL: 45
Follow me on tradingview @arsalanansari17
Texmo pipes buy for 160 Targettexmo break new levels buy this
for investment
money can be double from now
Resistance breakout with bullish MarubozuSL:- 29, T1:- 52, T2:- 72, Risk/Reward ratio:- 2:39. I was looking for strong resistance breakout at 39.75. Buy above 40. Also analyze on your own. Happy Trading...
TEXMO PIPE & PRODUCT CHART GOOD TO BUY AT THESE LEVEL...
ITS A CUP & HANDLE PATTERN BREAKOUT...
CMP : 41
TGT : 60 - 70 -90 ++
SL : 30
STOCK IS TRADING AT 0.49 TIMES ITS BOOK VALUE..
Texmo Pipes Extended 5th waveDISCLAIMER:There is no guarantee of profits or no exceptions from losses. The investment study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading.
I may or may not trade this analysis
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Dip towards 28-27 long opportunity for 38 target.
Stock didn't violated low of each Marubozu on weekly chart so stop loss will be 21.6.
Microcap and risky stock don't allocate too much capital on this stock if you plan to enter based on this analysis.
TEXMO PIPES & PRODDisclaimer : The opinions and analysis expressed herein are for informational and educational purposes only and should not be considered as individual investment advise or recommendations. I am not your financial advisor. Risk it for Biscuit.
