#CARBORUNIV #ORIENTABRA #WENDT #GRINDWELL #HEG #WHIRLPOOL #TWL #CARBORUNIV
NSE:CARBORUNIV
CMP: 885
TP: 1050
SL: 828
TF: <6m
RR > 2.8 times
Return 18%
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
WENDT
Wendy's Abstract IdeaMany up channels can be drawn on chart
The lower red dotted line can be seen as a point of retesting
A common pattern can be observed in white rectangle, which shows a large wick (red circle)
I assume this pattern will repeat just on a larger scale, causing a short lived price rise, followed by a large dump, below the red line
WENDT - VCP bullish pattern#WENDT
CMP 3167
Long Suggested at 3300
Stop 2850
Target Open
Logic
#VCP 32W 45/18 3T
Volume contraction observed on pull backs.
Fundamentals:
Uptrend in YoY quarterly EPS
Qn-4 Qn-3 Qn-2 Qn-1
Sales -4.2% 0.2% 7.3% 27.7%
OP -15.1% 10.8% 57.8% 105.3%
NP -21.1% 28.9% 88.5% 135.5%
OPM 15.71% 18.65% 21.84% 23.01%
NPM 7.18% 9.12% 12.13% 12.67%
Debt Equity 0
Promoter holdings 80%
Low float ; Shares in float 4lacs