Stock Analysis: Marine Electrical (I) Lt• The stock has broken out above a resistance level near ₹300.
• Price currently trades at all time high level.
• Strong bullish candle with an 8.21% increase today and high volume (2.48M), indicating buying strength.
• The breakout above ₹298 with strong volume and upward sloping EMAs supports bullish continuation.
• Price remains above the 9 EMA, indicating a strong uptrend.
Position Entry:
• If the price remains above the breakout level (₹298–₹300) or retests it, it could provide a better risk-reward entry.
• Enter 5% of capital as an initial position.
Pyramiding Positions:
• Add smaller positions on pullbacks to the 9 EMA or 21 EMA & in the daily time frame.
Stop-Loss:
• Cut half of your position if the price closes below the 21 EMA for 2 consecutive days.
• Place a stop-loss below the 50 EMA or exit if the price closes below the 50 EMA for 2 consecutive days.
Disclaimer:
This technical analysis is for educational and informational purposes only. Please conduct further research and consult your financial advisor before making any investment decisions. Investing in the stock market involves risk, and any decision you make is at your own discretion and responsibility.
Neither I nor this platform shall be liable for any financial losses incurred.
MARINE trade ideas
Stock Analysis: Marine Electrical (I) Lt• The stock has broken out above a resistance level near ₹300.
• Price currently trades at all time high level.
• Strong bullish candle with an 8.21% increase today and high volume (2.48M), indicating buying strength.
• The breakout above ₹298 with strong volume and upward sloping EMAs supports bullish continuation.
• Price remains above the 9 EMA, indicating a strong uptrend.
Position Entry:
• If the price remains above the breakout level (₹298–₹300) or retests it, it could provide a better risk-reward entry.
• Enter 5% of capital as an initial position.
Pyramiding Positions:
• Add smaller positions on pullbacks to the 9 EMA or 21 EMA & in the daily time frame.
Stop-Loss:
• Cut half of your position if the price closes below the 21 EMA for 2 consecutive days.
• Place a stop-loss below the 50 EMA or exit if the price closes below the 50 EMA for 2 consecutive days.
Disclaimer:
This technical analysis is for educational and informational purposes only. Please conduct further research and consult your financial advisor before making any investment decisions. Investing in the stock market involves risk, and any decision you make is at your own discretion and responsibility.
Neither I nor this platform shall be liable for any financial losses incurred.
Marine Electricals (I) Ltd.*Marine Electricals (I) Ltd.*
P&F; Formation underway on Monthly Basis.
Morning ⭐ Done on Monthly Basis.
BO > 301/337 Needed & to be Sustained.
RSI: 1HW<M. All in Bullish Zone.
EMAs: Widening Gaps amongst 20/ 50/ 100/ 200 on Weekly Basis.
*Trail SL with Upside*
*Book Profit as per Risk Appetite*
New Shipping Policy +ve for Indian Companies.
*This is an Opinion. Do your own research as well.*
*_Happy Investing_*🤓
classic Head & ShoulderHi Traders and Investors,
Marine Electrical looks good on 📊
watch out as head & shoulder is forming
Now 262 can go up to 300 in coming days as right shoulder is forming it seems.
Better to exit between 300 to 305 level
Once the break out is done can blast up to 35% that is roughly 105 points with target of 400
now risk reward is in favor of 1:2.7% at 262 level
exit near 300 in short term and 400 for long term investment.
while stop loss is 210.
Remember investing has two side profit or loss and Patience.
Stock for next DiwaliMarine Electrical Ltd is showing signs of recovery with a bounce from the recent support near ₹210. The stock is currently trading around ₹217 with RSI moving upwards, suggesting renewed buying momentum. Financials reflect strong quarterly growth in sales and profit, with operating profit reaching ₹20.45 crore in March 2024, showing resilience. This setup suggests potential upside toward ₹240-₹250 in the near term, with stop-loss below ₹200 for risk control. Ideal for positional traders looking for value recovery with a bullish outlook.
#MarineElectricals Long Term channel target 200+Marine Electricals (India) Limited is an integrated technical services provider in the fields of electrical automation and information and communication technology solutions for marine vessels and also to Indian navy.
Since Indian economy is expanding so its its need to protect its maritime interest. And since Marine Electricals provides electrical solution it can cater to Indian navys defence requirements in building new naval ships and submarines. The future of this sector seems very bright and the ling term channel target come to be about 200+
Will Marines Charge ? According to me, in this chart I can see that the down Trend is in absorption mode script is trying to hold it's lower levels and is trying to change its direction from a down trend to an up Trend but it will face resistance on the upper sides but as of now for a short term period of time if it's managed to cross upper yellow and hold its price over than most probably it will change its direction.
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#MarineElectricals rounding bottom Marine Electricals (India) Limited is an integrated technical services provider in the fields of electrical automation and information and communication technology solutions. The Co. is engaged in manufacturing and sale of all types of marine and industrial electrical & electronic components like switch-gears, control-gears etc. It is also engaged in the renewable energy sector, specifically solar. It also provides services like designing, fabricating etc. for all types of electrical & electronic installations in India and abroad and undertake annual maintenance contracts.
During FY22, the Marine segment contributed 76% to the total order book, whereas the Industrial segment contributed 24%.
The financials are gradually improving and as Indian Navy transitions itself as true blue water navy, more warships and submarines are going to be built up and get commisioned also the merchant navy ships are also going to add up as India's economy keeps exanding. All these developments with utilize the expertise of Marine Electricals as reliable vendor in marine electrical segment. I see tremendous growth oppurtunities in Marine Electricals.
Swing Trade Focus in Short TermTrend line Breakout in MARINE ELCECT.
Book profits within the first 30 minutes of the market opening
- Try to exit by taking 5% 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- 44.85
Target Price 47.50
Note:- I am not SEBI Registered This Trade is only educational Purpose