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ADVANCED ENZYME TECHNOLOGIES LADVANCED ENZYME TECHNOLOGIES LADVANCED ENZYME TECHNOLOGIES L

ADVANCED ENZYME TECHNOLOGIES L

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ADVENZYMES trade ideas

WHAT YOU SAYThe chart **Advanced Enzyme Tech Ltd. (NSE)* * shows a clear **cup and handle pattern** which is typically a bullish continuation signal. Here's a breakdown of the key points in a trending fashion: ### 1. **Cup and Handle Formation**: - The chart presents a classic **"Cup and Handle"** pattern. This is generally considered a **bullish chart pattern**, where the cup forms a rounded bottom and the handle reflects a consolidation before a potential breakout. - **Cup**: Spanning from late 2017 to around mid-2021, the stock has formed a wide, rounded bottom (cup), signaling a period of accumulation. - **Handle**: After reaching highs in early 2021, the stock pulled back modestly to create the handle formation, which lasted until 2023. ### 2. **Volume Support**: - Towards the right-hand side of the chart, you can observe an **increase in volume** (highlighted by the blue circle) accompanying the price rise. This is a strong indicator of **buying interest** and momentum, supporting the upward trend. - The **"building volume"** mentioned indicates strengthening demand, a crucial signal that the uptrend is gaining momentum. ### 3. **Bullish Breakout**: - The chart highlights a **bullish candle** which has broken past previous resistance levels near **450-485**. This breakout above resistance is a strong indication that the stock might enter a new **uptrend**. - The breakout suggests the stock is gaining momentum and has the potential to sustain higher prices if it holds above the **500 sentimental level**, noted as crucial support. ### 4. **Sentimental Level of 500**: - The **500-level** is marked as a critical **sentiment support** for the stock. Historically, this level has been a supply zone, indicating the stock has faced resistance at this point in **2016 and 2021**. - Now that it has broken through this level, it suggests that sentiment has shifted, and this area could now act as **support** for further gains. ### 5. **Overall Trend**: - The stock has been in a **long consolidation** since the highs in 2021 but has now **broken out** of the handle formation. - If this bullish pattern continues, the stock is likely to continue in an **upward trend**, possibly retesting its previous highs and moving towards **higher targets**. ### 6. **No Recommendation for Buy/Sell**: - The chart explicitly states that there's no recommendation for buying or selling. However, from a technical analysis perspective, the **cup and handle breakout** combined with increasing **volume** and **bullish price action** indicates potential **upward momentum**. ### Conclusion: - **Advanced Enzyme Tech Ltd.** is showing a strong **bullish breakout** after a prolonged consolidation phase. If the stock holds above the **500 support level**, we may see further gains with continued upward movement. Volume backing the breakout is a positive sign for a sustained uptrend.
NSE:ADVENZYMESLong
by investigationofchart
Advance Enzyme: Prempting a Cup and Handle Breakout!🚀 Advance Enzyme: Prempting a Cup and Handle Breakout! 🚀 Current Market Price: 425 Stop Loss: 330 Targets: 540, 640, 740 Advance Enzyme is on the verge of a significant move, showing signs of a cup and handle breakout. A monthly close above 429 could mark the end of a nearly 2-year consolidation, setting the stage for a big rally. A large wick in the chart suggests that strong momentum could come above 510. Additionally, a clear double rounding bottom pattern on the line chart indicates a potential breakout above 430, supported by the Fibonacci 62% level. 📉 Risk Management: Ensure to manage risk with a stop loss at 330. 📊 Disclaimer: As a non-SEBI registered analyst, I recommend conducting thorough research or seeking advice from financial professionals before making investment decisions. Exciting times ahead! #MarketAnalysis #AdvanceEnzyme #TechnicalAnalysis #CupAndHandle #InvestmentOpportunities #BreakoutTrading
NSE:ADVENZYMESLong
by satyam15
Advanced Entry setup on Advanced Enzyme Ltd.Advanced Entry setup for Advanced Enzyme? ABOUT Advanced Enzyme Technologies Limited is engaged in the business of manufacturing and sales of enzymes. The Co. is the 1st Indian enzyme company with 2nd highest market share in India. It is the 2nd listed integrated enzyme player globally. FUNDAMENTAL Since we are looking at the weekly chart, it becomes very important to check the fundamentals. • Company is almost debt free. • Company has been maintaining a healthy dividend payout of 20.9% • OPM % increasing you • Cash Flow positive • FII and DII increasing shareholding. TECHNICAL • On a weekly TF, we can see a cup and handle pattern and the formation is completed. • Increasing volumes are increasing the chances of a breakout • RSI is at 60, indicating a potential buying strength and is not overbought. • Trading above 50, 100 and 200 EMA indicating bullishness. ENTRY, EXIT, TARGET, STOPLOSS - If you are a risky trader you can buy some qty at the CMP or above previous day high and add more on breakout. - If you are a risk averse trader then buy some at breakout and more at retest. - The safe buying zone is above 424 and little aggresive players can add above 410. - Since the duration of holding is around 6 - 9 months, don't place SL, but if you want to then SL should at 350. - Target 1 is 480, Target 2 is 570 Happy Trading :)
NSE:ADVENZYMESLong
by rohix
Advanced Entry setup on Advanced Enzyme Ltd?Advanced Entry setup for Advanced Enzyme? ABOUT Advanced Enzyme Technologies Limited is engaged in the business of manufacturing and sales of enzymes. The Co. is the 1st Indian enzyme company with 2nd highest market share in India. It is the 2nd listed integrated enzyme player globally. FUNDAMENTAL Since we are looking at the weekly chart, it becomes very important to check the fundamentals. • Company is almost debt free. • Company has been maintaining a healthy dividend payout of 20.9% • OPM % increasing you • Cash Flow positive • FII and DII increasing shareholding. TECHNICAL • On a weekly TF, we can see a cup and handle pattern and the formation is completed. • Increasing volumes are increasing the chances of a breakout • RSI is at 60, indicating a potential buying strength and is not overbought. • Trading above 50, 100 and 200 EMA indicating bullishness. ENTRY, EXIT, TARGET, STOPLOSS - If you are a risky trader you can buy some qty at the CMP or above previous day high and add more on breakout. - If you are a risk averse trader then buy some at breakout and more at retest. - The safe buying zone is above 424 and little aggresive players can add above 410. - Since the duration of holding is around 6 - 9 months, don't place SL, but if you want to then SL should at 350. - Target 1 is 480, Target 2 is 570 Happy Trading :)
NSE:ADVENZYMESLong
by rohix
advanced anzymBusiness area of the company The company is a fully integrated enzyme manufacturing company driven by extensive focus on research and development (R&D) of various enzymes, enzyme blends, enzyme products and customized enzyme solutions. Its experienced and qualified R&D team strives to develop creative, cost-effective unique and innovative solutions, thereby enabling their customers to develop superior products and processes. The company products assist its customers in making most of their resources, optimizing their processes, improving their product quality, saving their time and money while also mitigating the impact on the environment. It supplies these value-added and eco-safe enzyme products to diverse end-user industries like human healthcare and nutrition, animal nutrition, food processing, baking, dairy and cheese processing, fruit and vegetable processing, cereal extraction, brewing, grain processing, protein processing, oil and fat processing, biomass processing, textile processing, leather processing, paper & pulp processing, bio-fuels, bio-catalysis etc. Although, the company has the capability to manufacture enzymes using all the four natural origins viz. plant, animal, bacterial and fungal, their major focus is on developing enzymes through microbial fermentation. Products & Solutions Human Nutrition: The company’s enzymes are being used by a wide range of customers globally as active ingredients in their pharmaceutical and nutraceutical formulations. Animal Nutrition: By adding its enzymes to feed, the digestibility of the feed components can be enhanced considerably. Food Processing: The company’s enzymes play an essential role in bringing more nutrition and appeal to food & beverages products, offering significant benefits beyond the scope of traditional alternatives. Non-Food Processing: AETL offers eco-safe solutions for a variety of industries such as textiles, leather, detergent, paper & pulp which are used in manufacturing a wide range of products.
NSE:ADVENZYMESLong
by Tradernawab
Advanced Enzyme Cup with Handle PatternA potential Cup with Handle pattern is in play here. In this pattern, best time to enter is at the bottom of the handle if identified earlier for high reward to risk ratio trade. Recent price action shows, price broke out of a symmetrical triangle and now consolidating above it as well as key support level (Green dashed line). Accumulate at current price level. Medium term target is around 500 (60% ROI) Long term technical target is around 850 (170% ROI) Stop Loss @ 275 Reward to Risk 15:1 approx. Kindly do your own research before investing. Peace !!
NSE:ADVENZYMESLong
by Swastik24