#Himatseide
CMP : 175.2
Date : 24/11/23
A Fundamentally weak and a high debt company. A recent turn around movement in textile sector is now influencing the world s largest cotton yarn maker. Stock is technically looking good now. Formation of a round bottom is seen in the chart with 60% completion . Now the stock is at its 52 week high with significant volumes. If round bottom formation completes a 75% upward movement can be expected and if breakout happens at the completion level a 150% of movement can be expected from this level. Stoploss at ₹.160 - 170 levels.
Disclaimer : Post only for educational purpose. Not a buying / selling recommendation. This is only my personal view. I am not a SEBI registered analyst . Do your own analysis and act accordingly .
CMP : 175.2
Date : 24/11/23
A Fundamentally weak and a high debt company. A recent turn around movement in textile sector is now influencing the world s largest cotton yarn maker. Stock is technically looking good now. Formation of a round bottom is seen in the chart with 60% completion . Now the stock is at its 52 week high with significant volumes. If round bottom formation completes a 75% upward movement can be expected and if breakout happens at the completion level a 150% of movement can be expected from this level. Stoploss at ₹.160 - 170 levels.
Disclaimer : Post only for educational purpose. Not a buying / selling recommendation. This is only my personal view. I am not a SEBI registered analyst . Do your own analysis and act accordingly .
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.