ALMONDZ trade ideas
ALMONDZ - Bullish SetupStock name - Almond Global Securities Limited.
Weekly chart setup
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Master Score - B
Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling recommendations. I am not SEBI registered. please consult your financial advisor before taking any trade.
almondz, ready to rockAlmondz Global Securities Limited (AGSL), formerly the Allianz Securities Ltd is one of the leading Investment Banks in India. The company was incorporated in 1994 and is listed on the Bombay Stock Exchange. Its main business lines are: Corporate Finance, Distribution of Financial Products, Private Clients, Portfolio Management Services, and Equity Broking.
AGSL’s client base in the Corporate Finance segment covers all leading Public Sector Undertakings (PSUs), large corporates and the vast and increasingly important segment of SMEs. In the Debt markets, the company has relationships with over 4000 leading Provident Funds. In the distribution of third-party financial products, AGSL has built a large base of retail customers as well as country-wide network of 1500 franchisees.
In Equity Broking, AGSL is serving both the Retail and the Institutional Investors. The company has also set up a Private Clients business to advise and manage High Net Worth (HNI) clients.
The company has a strong presence across 17 major cities and is manned by teams of qualified & experienced professionals.
Services offered by the company include:
Equity - IPOs , Private Equity, Equity Broking – Retail , Equity Broking – Institutional, Equity Research,Portfolio Management Services
Debt- Private Placement of Debt, Debt Market, Portfolio Management (PMS) and Project Finance
Advisory -Infrastucture Advisory
Distibution -Mutual Fund, Equity, Tax Saving Instruments, Fixed Deposits, Insurance Products
Commodities and Brokerage
Insurance- Life Insurance Products, General Insurance Products and Reinsurance
Subsidiaries of the company include:
Almondz capital & management Services Ltd
Almondz global securities Ltd
Almondz Commodities pvt. Ltd
Almondz Insurance Brokers pvt. Ltd
Almondz Reinsurance Brokers pvt. Ltd
Breakout Soon CandidateAlmondz Global Securities Stocks Chart Analysis.
#ALMONDZ
Made peak of 150 in Oct 2021, the stock has experienced a substantial decline, stabilizing near 59-60 and taking support along the pre-COVID trend line.
In March 2023, it established a low at Rs. 59, subsequently made attempt to breach the price resistance range of Rs. 100 to Rs. 103.
Despite efforts over the past 18 months, the stock has been unable to break through the Rs. 100 to Rs. 103 resistance range.
A successful breakout could signal a trend reversal, with the initial target set at Rs. 124 to Rs. 127. Subsequent advancement to the Rs. 146 to Rs. 153 range would prompt a reevaluation for potential bullish channel confirmation.
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BUY ALMONDZ PRICE @254 ROI 55% EXPECTEDBUY ALMONDZ PRICE @254 ROI 55% EXPECTED
Buy1 cmp entry @254
Target 1 @383
ROI 1 @ 55%
Buy2 Pending entry @190
Target 2 @383
ROI 2 @ 101%
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Disclaimer This is my trading experience, it is not an invite or recommendation to trade.
Best Wishes
PRABHUMAYAKANNAN
