RACL Geartech - wonderful bo All time weekly , good bo , chartwise looks good, more steam left , stay cautious with strict stoploss if invested , all the best
RACLGEAR trade ideas
RACl gear chart analusisFrom main rising channel trying to form down ward chanel.
As of now main green channel lower trend line broken.and trying to from down ward channel.
Below 500 main support is 483 on closing base bears can have upper hands any where between
483/414
4!4/375
Above 525 upside above @ 566 to high price is bulls area.
As of now 483/566 for either side breakout area.
Chart for study purpose.
Chart movements and levels movement from 27/6/22 onwards.
RACL GEARTECH 🎯900+BSE:RACLGEAR has a good price action structure.
Much of the analysis done on chart.
Targets- 800/860/900+
Sl: below 620
Position size accordingly. HAPPY TRADING!
[Long] RACL geartech Flag Pattern Purchase should be in the green accumulation zone. SL to be placed at 8%. Fundamentally strong. Momentum is +.
RACLGEARTECH - VCP pattern observed#RACLGEAR
BSE listed
Long suggested above 73.
Stop 65
Target Open
Logic :
#VCP
Volatility contraction pattern
A TO B 43%
C TO D 23%
E TO F 13%
Fundamentals
Qn-4 Qn-3 Qn-2 Qn-1
Sales 13.1% 18.7% 77.0% 53.1%
OP -0.7% -9.0% 13.7% 165.3%
NP 53.7% 45.2% 68.0% 147.7%
OPM 8.50% 8.80% 14.76% 13.36%
NPM 3.23% 4.68% 10.71% 4.20%
Positives -
EPS has been on an exponential grwoth for the last 4 quarters.
Negatives -
Debt to Equity 0.82
Mkt cap Rs 70 cr
Promoter holding 48% (15% pledged; 33% unpledged)
HIGH RISK INVESTMENT. HENCE PLEASE ENSURE YOUR POSITION SIZE IS AS PER YOUR RISK APPETITE
POSITION SIZE CALCULATION:
Eg : Total Capital allocated for trading stocks : Rs 10 lacs
Risk appetite : 0.5% of Total trading capital = Rs 5,000
Entry price 73
Stop 66
Risk planned in this stock = Rs 7
Position size 5000 / 7 = 714 (Around 710 to 720)
So when 715 stocks are bought and if price reaches the stop of 66, the loss is Rs 5000 which is the risk accepted.
