savita oilsavita oil pullback finish
every time 4hr time frame support at 200 ema
enter when buy signal generate and make some hansome profits
SOTL trade ideas
Westlife Development LtdNet profit of Westlife Foodworld declined 88.73% to Rs 3.25 crore in the quarter ended June 2024 as against Rs 28.83 crore during the previous quarter ended June 2023. Sales rose 0.24% to Rs 613.65 crore in the quarter ended June 2024 as against Rs 612.21 crore during the previous quarter ended June 2023.
Particulars Quarter Ended
Jun. 2024 Jun. 2023 % Var.
Sales 613.6 612.21 0
OPM % 12.81 17.01 -
PBDT 53.90 83.43 -35
PBT 4.52 40.58 -89
NP 3.25 28.83 -89
Savita Oil Technologies.Savita Oil Technologies announced that the 63th Annual General Meeting (AGM) of the company will be held on 25 September 2024.
Savita Oil - Parallel channel breakout when?It might stabilize at this level, not crossing 600 for a 2-3 months and then attempt to cross the parallel channel resistance.
Once it crosses the parallel channel resistance, it should spurt to 900 levels in a very short while.
SOTL-A Monthly VCP Breakout & Retest candidate, 30% ROIExpecting ROI - 30%
As mentioned in multi time frame analysis charts,
1) Monthly 6 year old VCP Breakout, Retest done , consolidated for 2 months,
now ready to move out of the consolidation zone.
2) Compressing at major supply region with minimal
sellers strength
3) Expecting BO soon, SL at prev week low.
SOTLTechnicals
Broken out of range formed from 2017-18 to till date
Fundamentals
LOW PB & LOW PE & LOW D/E
Please highlight if any mistake or miss out so that i can enlighten myself in the process of learning
Savita Oil Technologies Ltd *Savita Oil Technologies Ltd*
Rising C&H Formation on Decadal Basis.
Heavy Vol Consolidation & Continued BuiltUp
RSI: 1H >D=W >M
Lower ATH Priceline BreakOut. Need to Sustain.
Resistance @366 to be Watched.
*Trail SL with Upside*
*Book Profit as per Risk Appetite*
Growing Sales / Profitability: Yrly / Qtrly Basis. Zero Debt. Growing TNW. Healthy Liquidity levels & Cash Accruals.
+ve CF from Ops barring FY23.
Moderation in RoA / RoE / RoCE in FY23 vs. FY22
Satisfactory WC Cycle. Capex Completed.
Promoters Stake: Stable.
FII / DII Stake: Oscillating in Range.
#SAVITA OIL (SOTL) AnalysisStock is near to BO zone, and trading with maintaining its supportive trendline, follow chart if some one want to take entry, and if someone holding then keep watch for BO.
Swing Trade Hold in 3-4 Days 6%Double Bottom Pattern Breakout in SAVITA OIL TECH
Book profits within the first 30 minutes of the market opening
- Try to exit by taking 5-6% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
Now, why do I prefer swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 3-4 days and the rest of the time they either consolidate or fall
CMP- 328
Target Price 352
Note:- I am not SEBI Registered This Trade is only educational Purpose.
Cup & Handle in Savitha Oil TechAbove 1200, may give a good run...! An idea to long and hold with small SL....!
STOCK FOR THE WEEK SAVITA OIL TECHNOLOGY LTD.Good evening friends we are sharing our view on the above mentioned stock and for details please watch the video.
Regards.
Savita Oil CMP 1059Chart is bullish, can give good return in medium to long term.
Target: 1500+
Time Frame: 12 months
Stop Loss: 950
