A PLI beneficiary 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 implementation of the BIS standards comes into force.
Furthermore, Government initiatives on restricting imports from China are likely to benefit both
the segments
EVEREADY trade ideas
Eveready - BullishEveready CMP - 172.50
Looking very bullish . One can go for Intraday / Swing Trade setup with the following entry, exit & targets
Buy at or Above 175.50 / Stop Loss 172
Target 1 - 177
Target 2 - 178
Target 3 - 180 / 185
Short Term Target 200 +
Disclaimer: This is my view and for educational purpose only.
Eveready Inds - Classic Stan Weinstein MoveEveready Inds - Classic Stan Weinstein 30 WK Break out moves. Personally more comfortable above 215. Not sure it will form a long cup n handle or move swift up above 215 from a rounding bottom. On a daily it looks like a cup n handle, but the handle consolidation move is quite small. Keep a watch.
DISC: Not a SEBI Registered. I post charts for my own study.
EVEREADY INDUSTRIESA breakout from a cup and handle pattern.
The stock might correct a bit which we call a retest of resistance or a pull back but technically looks good to go till 175 in the absence of major resistances.
One could accumulate on dips if any. However always maintain a stop loss as per your risk appetite.