Stock Alert / Analysis - Ion Exchange 🚀 Buy Above: ₹706.65
🎯 Target: ₹927.70
🔑 Key Observations:
A triangle breakout pattern is forming.
Strong support from rising volumes and positive momentum.
Robust fundamentals: ROE 21.2%, consistent EPS & Sales YoY growth.
📊 Strategy: Enter above ₹706.65 for a potential move toward ₹927.70. Watch for sustained momentum!
Follow for more updates! 🚀
@investofino
#investofino
IONEXCHANG trade ideas
IONEXCHANGE NSE FLAG&POLE BO WTF SWING/POSITIONALIONEXCHANGE STOCK Analysis
TRADE PLAN (DTF Close Price for SWING)
ENTRY -687 25 to 50% Qty, Add 50% qty 710 DTF Close
SL -605
TARGET -SWING 768, 01-991
Hold For a 1-2 Year or TGT 01
Chart Pattern :
STOCK was in a BEARISH SUBTREND for 8M touching the previous ATH of 687, with 1Month Streak to Touch an new ATH of 768, after retracing and BO of the 8M RBC its showing signs of Recovery forming a Bullish Flag Pattern from in 50-61% FIBO Level .
INDICATORS EMA :
The Price is Currently Trading above 50EMA, and 20EMM below 50EMA in DTF. STOCK EMAs are currently in Transitional stage of alignment, indicating early start of a bullish reversal Trend on DTF/WTF.
FIBO/E :
Currently the price has recovered above 61.8 to 50% FIBO support Level, Early Entry can be take as per your risk ability. Safe Investors Enter above 686 with 25% Qty and Add progressively after a retracement.
Volumes: There is a uptrend in Volume on the Weekly Charts since June and above the 20VMA.
Keep in your Priority Watch List
Disclaimer: For Education/Reference Purpose Only, Trade at your Own Risk with correct position sizing and SL based on your Risk appetite (Exit when price closes 7to8% below your Entry).and re enter when trend reverses in the direction of your POV...
Trail Your SL progressively. Learn/Know and Review the Stock trading Technical Terminology. Check Verify the Financial fundamentals of the Stock and Seek Advice from a Certified Financial Advisor prior to Investing. Prefer Entry with 25% quantity, Add in Tranches of 25%-50% as prices moves upwards recommended.
MTFA- Multiple Time Frame Analysis
DTF -Daily Time Frame
WTF-Weekly Time Frame
MTF- Monthly Time Frame
ATH-All Time High
LTH -LifeTime High
RBC&H-Rounding Bottom Cup/Handle
BO- Breakout Close
EMA -Exponential Moving Average
FIBO R/E -Trend based Fibonacci Retracement/Extension
SL Stop Loss
TBD- To be Decided
CHoCH- Change of Character Bullish/Bearish
MSB/BOS -Break Out Structure
FVG Fair Value Gap
20VMA -20Volume Moving Average
SWING/POSITIONAL Trade
50 SMA Rising - Positional TradeDisclaimer: I am not a Sebi registered adviser.
This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser.
It 50 SMA Rising. Suitable for Positional Trading Initial Stop loss lowest of last 2 candles and keep trailing with 50 days SMA if price close below 50 SMA then Exit or be in the trade some time trade can go for several months.
Be Discipline because discipline is the Key to Success in the STOCK Market.
Trade What you see not what you Think
ATH breakout Good volume build up in daily and weekly timeframe.
ATH breakout and retest conformed on supply zone and after some consolidation of price from the supply zone turned demand zone breakout of consolidation with good volume.
Fundamentals are OK.
DII stakes increased compared to last year.
NOTE: I do my analysis, do yours before trade.
BUY IONEXCHANG PRICE @ 531 28% ROI EXPECTEDBUY IONEXCHANG PRICE @ 531 28% ROI EXPECTED
Buy1 cmp entry @531
Target 1 @686
ROI 1 @28
Buy2 Pending entry @428
Target 2 @686
ROI 2 @60
Our Unique Features
—————————————————————
1. Follow our 10 signals ….10% equity will increase in your account for sure.
2. We are not Trailing stop! or average the trades.
3. 1% Risk Management Per trade.
4. Risk vs Reward up to 25.
Note Please leave comments for any query.
Disclaimer This is my trading experience, it is not an invite or recommendation to trade.
Best Wishes
PRABHUMAYAKANNAN
#IONEXCHANG 584 TGT700:20% SL533 Recommended Buy - Rachit SethiaIONEXCHANG
CMP 584
TGT 700 ++
SL 533
Return ~ 20%
TF 6months
RR >2.2
NSE:IONEXCHANG
#IONEXCHANG
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. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
Ion Exchange (India) Ltd has given a breakout on daily timeframeIon Exchange (India) Ltd has given a breakout on daily timeframe with strong volume buildup
Company has delivered good profit growth of 37.4% CAGR over last 5 years.
Company has a good return on equity (ROE) track record: 3 Years ROE 28.5%.
Debt to Equity - 0.07
ION Exchange neven seen in lifeHigher high higher low from begining
Ion Exchange (India) is engaged in a wide range of solutions across the water cycle from pre-treatment to process water treatment, waste water treatment, recycle, zero liquid discharge, sewage treatment, packaged drinking water, sea water desalination etc
Ion Exchange (India) Ltd
STOP LOSS AND TARGETS IN CHART
FUNDAMENTALS
Market Cap
₹ 8,469 Cr.
Current Price
₹ 577
High / Low
₹ 610 / 194
Stock P/E
42.2
Book Value
₹ 56.8
Dividend Yield
0.23 %
ROCE
33.8 %
ROE
26.2 %
Face Value
₹ 1.00
Promoter holding
26.9 %
EPS last year
₹ 13.4
EPS latest quarter
₹ 2.27
Debt
₹ 59.2 Cr.
Pledged percentage
0.00 %
Net CF
₹ 6.28 Cr.
Price to Cash Flow
135
Free Cash Flow
₹ 3.22 Cr.
Debt to equity
0.07
OPM last year
13.0 %
OPM 5Year
12.1 %
Reserves
₹ 819 Cr.
Price to book value
10.2
Int Coverage
30.7
PEG Ratio
1.13
Price to Sales
4.06
Sales growth 3Years
10.4 %
Profit Var 3Yrs
27.7 %
🌋 volcano ready for eruption Stop losss 534
Entry CMP or choice
Breakout trading implementation:
1. **Identifying New Trends:** Breakout trading helps traders identify the beginning of new trends by focusing on price levels where an asset breaks out of its historical trading range.
2. **Volatility Indicator:** Breakouts often occur when there's increased volatility in the market. Monitoring breakouts can provide insights into shifts in market sentiment and potential price movements.
3. **Entry Points:** Breakout points serve as potential entry points for traders looking to ride the momentum of a newly established trend. Buying on a breakout can capture the early stages of a price movement.
4. **Confirmation of Strength:** Successful breakouts indicate the strength of a trend. If an asset breaks out with high volume and follows through with sustained price movement, it suggests a strong trend in that direction.
5. **Avoiding False Signals:** Breakout strategies often include using indicators or confirmation signals to avoid false breakouts. This can enhance the accuracy of trade decisions.
6. **Defined Risk and Reward:** Breakout trading allows for setting clear stop-loss levels below the breakout point, which helps manage risk. Traders can also calculate potential profits based on the distance between the breakout point and a projected target.
7. **Adaptable to Various Markets:** Breakout trading can be applied to various markets, including stocks, forex, commodities, and cryptocurrencies. The concept remains consistent across different assets.
8. **Flexibility:** Traders can adapt breakout strategies to their preferred timeframes, whether they are day traders, swing traders, or long-term investors.
9. **Liquidity Opportunities:** Breakout points are often associated with increased trading volume, which can provide better liquidity for executing trades.
10. **Risk vs. Reward Assessment:** Traders can evaluate the potential risk of a trade (stop-loss) against the potential reward (target price), aiding in decision-making and portfolio management.
11. **Psychological Advantage:** Successful breakout trades can boost a trader's confidence and discipline, reinforcing the effectiveness of their strategy.
12. **Market Events:** Breakouts can occur around significant market events such as earnings reports, economic data releases, or geopolitical developments, offering traders opportunities to capitalize on sudden price movements.
Remember, while breakout trading offers potential advantages, it also carries risks. False breakouts and market reversals can lead to losses. Successful implementation requires a solid understanding of technical analysis, risk management, and the ability to adapt to changing market conditions.
Triangle Pattern 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
Ion Exchange - Investment long positionStock made a double bottom at 1625 and now giving a breakout from pole and flag pattern on weekly basis.
One can initiate longs here and add aggressively after closing above 2100 on weekly basis.
Stock has potential to touch 2600 and 3000 levels. I have 12-18 months timeframe in my mind.
Stock trend is intact until a weekly close below 1500, which is 50% Fibonacci retracement as well. If you are a short term positional player and don’t want to hold for these targets, then 1500 is a very deep stop loss for you. You can use 1765 on weekly basis as a smaller your stop loss.
Disclaimer - I will initiate longs with 1500 stop loss.