CLSEL potential breakout 5 months base.
Breakout with good volumes.
Forming a bull flag outside base.
Trading in a narrow range.
High relative strength.
Looks good for a quick 10% up move.
CLSEL trade ideas
Chaman Lal SetiaOne of the oldest Rice Millers cum Exporters of Basmati rice of all varieties from India.
Looks really good after taking support from the intersection of the long term trendlines where SL can be kept just below 220
Technically and fundamentally really good with a high risk reward ratio
Keep this in radar and entry can be taken as long as volumes are seen in the lower timeframes.
Bowl pattern breakout
Chaman Lal Setia Exports Limited (CLSE) was incorporated in Amritsar, Punjab in 1994 by Mr. Chaman Lal Setia and his sons. It’s one of the oldest Rice Millers cum Exporters of Basmati rice of all varieties from India.
The company is engaged in the business of milling and processing basmati rice. The company has been involved in export operations since 1982 and was recognized as an export house by the Ministry of Commerce in 1989, at present the company is a Star Export House.
Why this stock at trending reason below
Why is there a rice shortage? Bad weather in rice-producing regions around the world led to a drop in rice production in 2022. In 2022, parts of China known for producing rice were hit by devastating flash floods. At the same time, different parts of China that also produce rice were impacted by severe drought.
1000cr+ market cap company
PE ratio 9.03 industrial PE 39.9 (low PE value)
20+ both ROE & ROCE
EPS 22.8
Debt to equity ratio 0.2
PEG RATIO 0.38
Quick ratio 1.65
Current ratio 4.27
Fundamental is strong
Technical analysis
Life time high level treading
2year required complete Bowl pattern and breakout at level 150-155 level sentimental resistance of 150 breakout out now create one Bowl at level of 200 breakout locking take new high of 280+ keeping stop loss of 160 below get target of 280+
IH&S breakout on CLSEL scrip Inverted head & shoulder breakout can be seen in CLSEL on daily charts. Volume buildup & MAs are also squeezing
Result also in few days
The stock will go up after going down a bit.The stock is currently making a cup and handle pattern. I would buy the stock at a price around Rs 140. This stock will go up by at least 25% within the next 3 months. Technical analysis is just to find the entry point. The reason to buy this stock lies in Fundamental analysis.
CHAMAN LAL SETIACHAMAN LAL SETIA - Stock near fresh ATH and continuously making higher high.
1. One can add part qty here with a SL of supportive trend line.
2. Remaining qty can be added post breakout.
Target - 174, 189, 199
ChamanLal SetiaDont know why this did not rally with Daawat & KRBL..
The trendline breakout could give a good opportunity..
KRBL seems strongest of the Rice pack so far..
But, there is no harm playing this as a "Rice basket"..
Chamanlal setia Exports intresting setupRelative strength just become positive volume indicate good accumaltion happening and sector is also performing
Long Chaman lal setiaForming Bullish Pennant, Since its a continuation pattern. Price may further zoom in. Weekness below 141.55. Pattern target completing around 160 levels.
Chamanlal Setia: Buy set up.Nice consolidation is seen on weekly charts. Buy the breakout from the falling wedge.
