50 SMA Rising - Swing 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.
50 SMA Rising strategy. Suitable for Swing Trading Initial Stop loss lowest of last 2 candles and keep trailing with 30 days SMA if price close below 30 SMA then Exit or be in the trade for 2 to 4 weeks.
Target & Stop loss shown on Chart. Do not Forget to Exit if Stop loss Hit.
Be Discipline because discipline is the Key to Success in the STOCK Market.
MALLCOM trade ideas
MALLCOM MALLCOM Stock Trading View
Buy: Above 927
Stop Loss: 897
Long Target: 1187 or 1320
Current Market Price: 1101
Risk: 0.9676375404530745%
Disclaimer: I am not a SEBI registered advisor. I am not responsible for any losses or profits that you may incur as a result of following this trading view.
Date: 2023-07-03
Analysis:
MALLCOM stock is currently trading at 1101. The stock has been on a bullish trend in recent months, and it is currently trading above its 200-day moving average. The stock has also been making higher highs and higher lows, which is a bullish sign.
The buy signal for MALLCOM stock is triggered when the stock price closes above 927. The stop loss is set at 897. The long target is 1187 or 1320.
It is important to note that this is just a trading view, and it is not a guarantee of profits. It is significant to do your own research before making any investment decisions.
Risk Management:
It is significant to use risk management when trading stocks. This means setting a stop loss and taking profits when the stock reaches your target. This will help you to minimize your losses and maximize your profits.
Conclusion:
MALLCOM stock is a good buy above 927. The stock has been on a bullish trend in recent months, and it is currently trading above its 200-day moving average. The stop loss is set at 897, and the long target is 1187 or 1320. It is significant to do your own research before making any investment decisions.
This PPE and safety equipment manufacturer is nearing ATH!The company is one of the largest manufacturers and distributors of PPE products in India, with 90%+ orders coming from repeat customers, and provides the widest range of head-to-toe PPE products from helmets, eyewear, ear protection, face masks, safety garments, and gloves, to shoes, etc.
• Company has posted highest ever turnover and PAT in latest quarter
• Company is re-investing profits in fixed assets for future growth
Key Financials:
• Total Revenue for latest quarter increased ~9% YoY
• Net Profit for latest quarter increased by >46% YoY
• TTM Net Profit margin increased from ~8% to ~10%
Red Flag Check:
• Promoter holding is pretty high at almost ~75%
• Debt:Equity is not a concern with decent interest coverage
• Stock is not in any of the exchange surveillance lists
Key Technicals:
• Price is in a steady uptrend and looks to breach its listing week high
• Strong relative strength compared to benchmark index
• Price broke out of a small consolidation zone with heavy volumes
Disclaimer:
This is for informational purposes only. It is not intended to be a solicitation or an offer to buy or sell any security or instrument or to participate in any particular trading strategy. The views and opinions expressed here are personal. The information contained here has been obtained from sources believed to be reliable but is not necessarily complete, and its accuracy cannot be guaranteed. I may have positions in the securities or instruments shared as ideas. Do your own research OR consult a financial advisor for personalized investment advice.