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...
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....
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
#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
NSE:EVEREADY Nice setup for Swing Trade ✳️ Entry Around 303-308 🚨 Stop Loss 288 DCB 🚀 Target 342, 370, 420++ Duration 1-2 quarter Disclaimer - This is our personal view and this analysis is only for educational purposes. Please consult your advisor before investing or trading. You are solely responsible for any decisions you take on basis of our research
The company’s core categories of batteries and flashlights, are witnessing a healthy demand, given the sharp decrease in dumped imports from China and the disruptions caused to the unorganized market for non-availability of supplies. • The management is positive on its battery segment and expects the segment to gain momentum once the full effect of the...
Eveready on weekly chart looking super bullish with the arc.