Vimta Labs trying to be victorious.Vimta Labs Ltd. engages in the provision of contract research and testing. It services include cGMP laboratory services; analytical food and water; preclinical research; clinical research; biopharma; environmental assessments; and clinical reference lab.
Vimta Labs Ltd. CMP is 558.20. The positive aspects of the company are Company with Low Debt, Company with Zero Promoter Pledge, Mutual Funds Increased Shareholding in Past Month and Good Aggregate Candlestick Strength. The Negative aspects of the company are High Valuation (P.E. = 30.2), Declining Net Cash Flow and Inefficient use of assets to generate profits.
Entry can be taken after closing above 569 Targets in the stock will be 599, 617 and 643. The long-term target in the stock will be 667 and 702. Stop loss in the stock should be maintained at Closing below 517 or 503 depending upon your risk taking ability.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
VIMTALABS
#vimtalabs #ipcalab #lauruslabs #lalpathlab #guficbio #alkem#VIMTALABS
NSE: VIMTALABS
CMP: 461
TP: 560
SL: 410
TF: <6m
RR > 2 times
Return > 22%
THYROCARE CNXPHARMA LUPIN NSE:CIPLA SUNPHARMA SPARC DIVISLAB DRREDDY AUROPHARMA BALPHARMA GLENMARK SANOFI PFIZER BPLPHARMA MARKSANS BIOCON GRANULES IPCALAB LAURUSLABS NATCOPHARM GLAND ALKEM ZYDUSLIFE
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
VIMTALABS - Bullish pattern CMP 252
Long suggested at CMP (245 above)
Stop 229
Target - Open
Logic:
Technicals :
Stock has been steadily in uptrend as evident from MAs and RS / RSI
Stock has made a series of correction to the extent of 25% / 22% and 17%, leading to contraction in pull backs.
Stock has made a breakout post the pullback series with volume around 3x of pullback vols.(Note: volume masked in
#VCP 29W 25/17 3T pattern
Fundamentals :
Last 4 quarters EPS growth YoY : 113%,108%,110%,508%
Last 4 quarters Sales growth YoY: 15%, 22%, 32%, 40%
D/E : 0.3
(Note : Promoter holding is only 37% )