50 SMA Rising- Positional 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.
Its 50 SMA Rising Strategy. Suitable for Positional Trading Initial Stop loss lowest of last 2 candles and keep trailing with 50 days SMA if price close below 50 SMA then Exit or be in the trade some time trade can go for several months.
Be Discipline because discipline is the Key to Success in the STOCK Market.
Trade What you see not what you Think
ZAGGLE trade ideas
MULTIBAGGER Series - Stock 3Hello everyone!
I am back with 3rd company of the multibagger series.
The company is Zaggle Prepaid Ocean Services Ltd. Zaggle builds world-class financial solutions and products to manage the business expenses of corporates, SMEs, & Startups through automated and innovative workflows. It is at an intersection of SaaS (Software as a service) and Fintech. It has made strategic alliances with many other companies. The company has an esteemed list of corporates like Tata Capital, Inox, NSDL, DBMS, Wockhardt, Yes Bank, Greenply, etc. It has also made an agreement with VISA and the deal is valued at approximately $20 million over the next five year.
The company has shown more than 10x growth in both sales and profit made in the past 4 years. Last year sales was 776 cr and profit was 44 cr. The quarterly sales and profit is also continuously increasing and the company is expected to grow at a good pace from here. They have made visionary targets for the year 2025. Ace investor Ashish Kacholia has also invested in this company.
Investing in such companies will make our portfolio diverse and as they are smallcap company, chance of giving multibagger returns are more from such companies.
Investing in such companies bring a high risk factor so please do your own analysis before investing.
Hope you learned something new from this post.
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50 SMA Rising- Positional 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.
Its 50 SMA Rising Strategy. Suitable for Positional Trading Initial Stop loss lowest of last 2 candles and keep trailing with 50 days SMA if price close below 50 SMA then Exit or be in the trade some time trade can go for several months.
Be Discipline because discipline is the Key to Success in the STOCK Market.
Trade What you see not what you Think
ZAGGLE Prepaid Ocean Services LtdNSE:ZAGGLE (1D)
CMP : 301.35
• Price is Hovering above all KMA
• can see New All time High soon
• QoQ progressive Financial performance adds stars to healthy Financial condition
• after a big rally stock has taken rest and gone sideways
• making VCP & trying to break trendline which can shift the trend of price
Sector : Information Technology
Industry : Fintech
Market Cap : 3,692.85 cr.
Category : Small Cap
PE : 83.89
About Company
The company's core product portfolio include: 'Propel', a corporate SaaS platform for channel rewards and incentives, employee rewards and recognition; 'Save', a SaaS-based platform and a mobile application to offer expense management solution for business spend management facilitating digitised employee reimbursements and tax benefits; 'CEMS', a customer engagement management system that enables merchants to comprehensively manage their customer experiences including rewarding merchants through gift card and loyalty benefits; 'Zaggle Payroll Card", a prepaid payroll card that allows Customers to pay contractors, consultants, seasonal and temporary employees, and unbanked wage workers as an alternative to direct deposits to bank accounts or cash payments; and 'Zoyer', an integrated data driven, SaaS based business spend management platform with embedded automated finance capabilities in core invoice to pay workflows.
Zaggle Prepaid Ocean Services Ltd.
The company was incorporated as Zaggle Prepaid Ocean Services Private Limited at Hyderabad as a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated June 2, 2011 issued by the Registrar of Companies, Andhra Pradesh at Hyderabad. Subsequently, the company was. converted into a public limited company under the Companies Act, 2013, pursuant to a special resolution passed by its Shareholders at the EGM held on August 22, 2022 and consequently, the name of the company was changed to 'Zaggle Prepaid Ocean Services Limited" and a fresh certificate of incorporation dated September 13, 2022 was issued by the Registrar of Companies, Telangana at Hyderabad.
Incorporated in 2011, the company operates in a segment where it interacts and interface with it Customers (ie, businesses) and end Users (ie., employees) and is among a small number of uniquely positioned players with a diversified offering of fintech products and services, having one of the largest number of issued prepaid cards in India in partnership with certain of its banking partners, a diversified portfolio of SaaS, including tax and payroll software, and a wide touchpoint reach. The company is sector-agnostic, and its network of corporate customers covers the banking and finance, technology, healthcare, manufacturing. FMCG, infrastructure and automobile industries, among others, where it has relationships with brands such as TATA Steel, Persistent Systems, Vitech, Inox, Pitney Bowes, Wockhardt, MAZDA, PCBL (RP Sanjiv Goenka Group), Hiranandani group, Cotiviti and Greenply Industries. It is placed at the intersection of the Saas and fintech ecosystems, and its SaaS platform is designed for: (i) business spend management (including expense management and vendor management); (ii) rewards and incentives management for employees and channel partners; and (iii) gift card management for merchants, which it refer to as customer engagement management system (CEMS).
Business area of the company
The company's core product portfolio include: 'Propel', a corporate SaaS platform for channel rewards and incentives, employee rewards and recognition; 'Save', a SaaS-based platform and a mobile application to offer expense management solution for business spend management facilitating digitised employee reimbursements and tax benefits; 'CEMS', a customer engagement management system that enables merchants to comprehensively manage their customer experiences including rewarding merchants through gift card and loyalty benefits; 'Zaggle Payroll Card', a prepaid payroll card that allows Customers to pay contractors, consultants, seasonal and temporary employees, and unbanked wage workers as an alternative to direct deposits to bank accounts or cash payments, and "Zoyer', an integrated data driven, SaaS based business spend management platform with embedded automated finance capabilities in core invoice to pay workflows.
Zaggle looks good for 320++A sidelying pattern trying breakout
310 is a resistance area
Stop loss 290
Target 320..330
Risk 15 reward 20
Zaggle builds world-class financial solutions and products to manage the business expenses of corporates, SMEs, & Startups through automated and innovative workflows
ZAGGLEStock name = Zaggle Prepaid Ocean Services Limited.
Weekly chart setup
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Master Score - B
Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling recommendations. I am not SEBI registered. please consult your financial advisor before taking any trade.