CARYSIL trade ideas
Good time to acummulate Carysil shareThis share looks bottoming out. It has a strong support as mentioned in the chart. High chances it flies back once the down trend is broken. So good time to start acummulating this share for short to mid term.
Carysil: Carrying investor up and upThe blast move is not done yet, it is here to go forward, we may see a pause and consolidation between 890 to 930 and then it again zoom till 1250.
wave III of 3 in CARYSIL...upside potential of 25%Carysil Limited, together with its subsidiaries, manufactures and trades in quartz kitchen and stainless steel kitchen sinks, bath products, tiles, kitchen appliances, and accessories in India.
The stock is seen making impulse waves to the upside since Jan 2023.
It made the first impulse (wave 1) from Jan. - April 2023. Wave 3 seems to have started off in May 2023 and is likely getting extended.
Wave I of 3 was formed between May and July 2023 and then there was a 75% retracement of wave I from July-oct.
Wave III of 3 has now kicked off and volume too is picking up. The projected target for this wave should be the 850-870 zone
SL 650
CMP 696
Target 860
Cup and Handle Breakout with Huge VolumeAfter correcting for 23month stock broke out with huge volume lead by decent results is good to add the stock to the watchlist. Good to enter after retest.
💥Carysil💥-Nice Breakout💥Carysil💥-Nice Breakout
Capital to be deployed- 20k
Investing Price -725-740
Breakout Price-717
Stoploss-592
Targets-945-1231-4201
RT for max reach
#CARYSIL #StocksToBuy #stocks #StocksToTrade #StocksInFocus #stockstowatch #StocksInNews
CARYSIL BREAKOUTBreakout in carsysil, keep the stoploss at 674 on daily closing basis, targets can be 700-750-800 in coming days,
STOCK FUNDAMENTALS:-
PE 39.50
MCAP 1789cr
ROE 15.35%
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%
Please consider these ideas for educational purpose
Comment below if you are looking for any answers
CARYSILSwing/Positional trading
CARYSIL breakout with good volume. Short and Medium term relative strength is good
Price is above all major Moving averages. Recently took support @30WMA
#Educational purpose only
Carysil Ltd Trend AnalysisThe only listed fundamentally sound small cap company in its segment for kitchen appliances and quartz kitchen sinks.
The company gets around 80% revenues from export markets and 73% of total revenues come from quartz sink.
The company is going for another 20% expansion by adding 1L units to cater the demand of global customers.
Price is making lower lows indicating bearish continuation, next support is around 350 level.
Good to accumulate around 320 - 380 level for the following targets:
Medium term swing target @ 800 (125% ROI)
Long term swing target @ 1100 (210% ROI)
Long term positional target @ 1500 (320% ROI)
Only concern is if the dollar index tumbles or supply chain disruption happens due to lockdown then this stock may underperform as majority of revenues come from export markets.
Do your own due diligence before taking any action.
Peace!!
CARYSIL BREAKOUT AFTER CONSOLIDATIONCARYSIL is on previous support and consolidated for a while and now given breakout . Can go up to or break through trendline.
Acrysil LtdThis chart is only for educational purposes and should not be considered for doing any buying and selling in this stock.
