SALZER ELEC - BULLISHSuper movement in channel... Promoters have increased stake continuously... Entering EV business... For long term...
Disclaimer: invested from lower levels.... Not a recommendation... Only educational purposes
SALZERELEC trade ideas
SlazerelecSLAZERELEC
CMP 1115
Near breakout zone
Second time trying to break resistance
Volume spurt
#SALZERELEC#SALZERELEC
SALZERELEC Good for Holding around 6 TO 9 Months ..... Current Price at 848.05......... Keep SL at 802. .... (On Closing Basis ... Means ... Daily Candle closed Below 802 )….. After Close Crossing 913 …. Trail SL to 913 Targets are Shown on Chart in Greens .
Patent
It has received a patent for ‘Integral Cam Operated Rotary Switches’ for a duration of 20 years, ending 2031. It has registered a Patent for Rotary Switches, five product patents in process.
Diversification into Smart Meter
In Feb,24, the company announced the establishment of a Smart Meter Manufacturing Business in Coimbatore with an annual production capacity of 4 million smart energy meters which will be increased to 10 million in Phase Two. The first batch of smart meters is expected to roll out in Q1 FY25.
Clientele
Valeo, Delta, Siemens, L&T, Schneider Electric, Nuclear Power Corporation, Kone, Indian Railways CED, ABB etc
Market Share
The Co is the largest manufacturer of Cam Operated Rotary Switches with 25% market share.
Promoter holding has increased by 2.08% over last quarter.
Resistance BreakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
IH&S pattern formation done on Salzer Electronics scripThere has been a breakout on Salzer electronics after IH&S formation on charts with great volumes supporting the breakout
Salzer Electronics Ltd - 23.03.2023Salzer Electronics Ltd - 23.03.2023
The Prices are below EMA in weekly chart
The immediate resistance zone is 261
one can initiate a long position at current levels (253.50) with support @ 239 for further upside price movements.
stochastic is ticking up in weekly charts
watch out for the price action
Salazer Electronics: breakout candidateSalazer electronics is a potential candidate for strong breakout. Keep it on your radar!!!!
#SALZERELEC #NIFTY #BANKNIFTY #MUHURATTRADING #MUHURAT #RELIANCESalzer Electronics Ltd.
NSE:SALZERELEC
NSE:SALZERELEC
CMP: 180.55
Target 1: 210
Time frame: <2months
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
SALZER ELECTRONICS DAILY CHART Break out retested , a great stock to play manufacturing and EV theme , tgt 188-190
Broken Trend line
Stock Analysis: Salzer electronics small cap stock broken trend line with good volume also seems it has formed HNS pattern currently trading on supply zone(Red Area) , crossing above supply zone around 150 expected to reach the target given on the chart unless it is not crossing below demand zone.
Happy Investing!
Salzer Electronics: Time to watch: IndiaBy Sun Storm Investment Research
A Profit & Solutions Strategy
salzer electronics _educational studyin forming of c & h pattern after it will close on 129/130 week basis, please share your view.
