Technical Overview: 1. Breakout of Falling Trendline: EVEREADY has recently broken out of a long-term falling trendline on the weekly chart. This breakout suggests a potential reversal in the downtrend and the beginning of a new bullish phase. 2. RSI Breakout: The Relative Strength Index (RSI) has also experienced a breakout, indicating a shift in...
Eveready Industries Ltd. CMP – 355.60 Market Capitalization Rs 2,584.8Cr Red Flags:🟥 High Valuation (P.E. = 62.5) Declining annual net profit Declining cash from operations annual Green Flags:🟩 No debt Low debt Zero promoter pledge FIIs are increasing stake MFs are increasing stake Previous Happy Candles Number – 50/100 New Happy Candles Number – 50/100 X/2...
Bullish Pennant, take 5% risk from your capital. Once price move half profit then move the stop lose to its entry point. Don’t close the trade in-between . Don’t book partial profit , wait for the target to achieve
Eveready Industries India Ltd intends to maintain the pace of topline growth, witnessed in FY23 after many years of stagnation, with adequate profitability in this fiscal as the dry cell battery maker completed the first year under the Burman family ownership. The company will focus on three core areas of operations — battery, flashlight and lighting — in FY24...
EVEREADY CMP 419 TGT 519 ++ SL 360 Return ~ 24% TF 6months RR ~2 NSE:EVEREADY #EVEREADY 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....
Everyday on a monthly timeframe give a multiyear breakout but same as dredging back to back green candle wait for pullback candle
For the last three years the stock has been no where. Expecting a good rally at the end of this consolidation phase. All the levels are marked on the chart itself. Any major development will be posted here.
Stock looks good for Swing trading. RSI above 50 and good candlestick formation for quick target.
Long trem cup and handle breakout possible with given targets
Cup and handle chart pattern , we can wait for retest after clear break out for taking long position
05/11/2022 Evereday CMP : 337.20 SL:290 Target : 360-380-405 Information is only for study purpose
18/09/2022 EVEREDAY CMP:338.45 If closed above 345 Target : 365-380 Information is only for study purpose
#EVEREADY NSE:EVEREADY NSE:EVEREADY EVEREADY CMP 317 ENTRY 301 TARGET 390 SL 272 RR 3 TF < 6 months 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...
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Long for tp1 -10days and tp2- 15days Buy- 374.35 Tp1- 402.10 Tp2- 428.10 Sl- 363.40
NSE:EVEREADY Can go upside in short term if stay above neckline.... Maintain SL on closing basis below neckline
BUY @325-320 SL 310 TG 340-360...in 1-2 Days