ZODIAC CLOTHING : Anticipating 4 Years Range on the Upside Soon!⚡️Price Analysis:
1️⃣ Price bounced from the demand zone
2️⃣ Price structure is bullish.
3️⃣ EMAs show casting good momentum & strength.
4️⃣ Volumes had a good spike buildup.
✨ My Trade Plan:
➡️ RRR is okay not very attractive.
➡️ SL is slightly on the higher side than my usual SL.
➡️ Not very high convincing trade setup yet. But definitely can't ignore it as well.
➡️ Must be on radar. Keep an 👀 on it.
⚠️ Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Views are personal. Please, do your due diligence before investing.⚠️
💬 Drop your thoughts below in the comments section if you liked this analysis!✌️
🔥Happy trading!✅🚀
ZODIACLOTH trade ideas
ZODIACLOTH : available at 20 Years old price Stock Analysis Update
The stock is currently experiencing a nice consolidation phase. The volume is picking up as the price moves up, indicating a potential breakout. Notably, there has been a solid 4-year consolidation period. The stock is available at a price from 20 years ago and is now breaking a 10-year trend line.
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ZODIAC CLOTH CO Trading above EMA50
Volume increasing
Breakout from 10yr long trendline
3 year darvas box base
Ascending patten Breakout
Enter after confirm breakout above Darvas Box on closing basis
Disc: for study, not a recommendation
revenue breakdown overview
The greatest contribution to the revenue figure was made by Rest of the World — last year it brought ZODIAC CLOTH CO 1.13 B INR, and the year before that — 765.06 M INR.
A Monthly breakout on the cards in Zodiac ClothingZodiac Clothing is on the verge of a Breakout on Monthly charts, the stock ended strongly with a 20% UC on 24 June 24. If the stock ends the month above 161.85, an entry can be made in the stock with a Trailing stop loss on a monthly close with a PT of 287 - 451. the SL can be placed at the Breakout candle low.
The Technical parameters of RSI, MACD and ADX have given positive indicators.
Zodiac Clothing Company LtdZodiac Clothing Company Ltd
There is a possibility of breaking the down fall of about 6 years and the consolidation range of 4 years. A good up side movement can be found above 156.
Market Cap :349cr
Promotor Holding : 71%
International Buss.: 65%
India : 35%
TR : 221/265/309/372/452 wait for Brekout
As of today
For educational purpose only
Zodiac Cloth: Confirmed Inverted H&S Breakout Hi,
A bullish Inverted H&S Shoulder breakout has been observered on Weekly Chart of NSE:ZODIACLOTH One can create a fresh position in the scrip at CMP of Rs. 110 or below with a stop loss of Rs 100 on weekly closing basis and for targets of Rs 120/130.
Exit the position if the stop loss is triggered on DCB.
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Disclaimer: Content shared is for information and education purposes only and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities are subject to market risks, please carry out your due diligence before investing. And last but not the least, past performance is not indicative of future returns.
Resistance BreakoutPlease 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