Visaka - Cup & Handle BreakoutIn Monthly chart, Cup & Handle Brokeout with high volume. Now in pullback & retest stage. Looks good for positional trade.
VISAKAIND trade ideas
Visaka Industries: a probable long tradeVisaka Industries #visakaind is a #breakout from the cup and handle pattern and a #multibagger in the making.
Aggressive SL~ 444 WCLBS.
#nifty #investing #stockmarketindia
Disc: already invested
Visaka Industries Ltd Buy @ 565First Target @ Rs 630
Second Target @ Rs 681
This company is fundamentally strong
QE Jun 2022 Profit Rs 39 Crores
ROE 17%
Visaka Ind BullishViska Ind Seems Long term breakout momentum may continue further concentrate if price sustain above 548 in daily
Looking beautiful isnot it? keep eye above 575Looking good for long term! Closing above 575 will attract the TA bulls. Keep on radar.
#FewFacts
*Trading at 1.19 times its book value
*Good profit growth of 22.6% CAGR over last 5 years
*Healthy dividend payout of 30.9%
*PE is 7.9, ROCE 21% n ROE 17.5%
*promoters are buying increasing their stake
*The company launched a solar roofing product called ATUM which is an integrated solar roofing system that provides all the functions of a traditional roof while generating energy.
*It roduces fibre cement boards and panels under its brand 'Vnext' by Visaka. It has a market share of 32% in fibre boards and panels market in India
Disclaimer: Invested and I am Not SEBI registered. Charts produced are for personal reference only and not any recommendations
breakout with volumebreakout with volume in visaka long till 720rs nice buildup at lower levels in volume will go up once 643 is surpassed.
VISAKA Looking good with highest volume after 2017Positionally looking good with the highest volume after 2017
Tgt 705/785
Sl 581/560
Visaka indVisaka industries, looking to become bullish, I will wait for one more green candle for conformation.
#VISAKAINDWe shall enter the stock once it reaches a retest value.
How much the retest happens is to be seen.
Entry in parts as always.
Visaka Industries-BreakoutVisaka Industries has given a falling trendline breakout after a decent fall for 300 points. Volumes are still low but once increased can be looked at as a swing trade.
Visaka Ind. Daily Chart AnalysisOn the basis of fundamental & technical analysis, Visaka Ind. should give great returns in near future.
NO TRADE SUGGESTIONS !!
VISAKA INDUSTRIES - Multi Year BreakoutVisaka Industries has formed Cup & Handle pattern on weekly charts and given breakout. Currently stock is consolidating near breakout level above 800 and further movement can move stock till 1000+ levels.
All levels provided on charts.
This is for educational purpose only.
Visaka Industries Clear rounding bottom with huge volume addition....
stock is trading near to the breakout levels....good buy at these levels
VISAKAIND - Classic Rectangular Pattern Bullish BreakoutThe stock has broken out of the pattern after a consolidation phase and supported by very high volumes.
It is expected to follow on the trend and can be bought at current levels for targets of 838 and 900 in near future.
The stop loss can be maintained at 775 level, which was the resistance level before the breakout.
Supporting technicals:
RSI: 66 (Bullish but not overbought)
ADX: 45.5 (Suggesting strong trend)
P.S: This idea is for educational purposes only and should not be construed as an investment advice.
3 yr Breakout on VISAKAIND with rounding bottom patternIt created a rounding bottom pattern. Once breaks we can expect a good move. It's more than 3 yr breakout. Fundamentally company is good.
Aggressive buy is 813 and safely we can enter the above closing of 836
Please Note: Above chart is for educational purposes only.
Bullish on Vishaka IndustriesAs the price action of Vishaka industries gave a multi year breakout, we are bullish on the stock in short term.
Wait until it touches the resistance again.
