Darvas Box Strategy - Breakout StockDisclaimer: I am Not SEBI Registered adviser, please take advise from your financial adviser before investing in any stocks. Idea here shared is for education purpose only.
Stock has given break out. Buy above high. Keep this stock in watch list.
Buy above the High and do not forget to keep stop loss, best suitable for swing trading.
Target and Stop loss Shown on Chart. Risk to Reward Ratio/ Target Ratio 1:1 & 1:2.
Stop loss can be Trail when it make new box.
Be Discipline, because discipline is the key to Success in Stock Market.
Trade what you See Not what you Think.
GALAXYSURF trade ideas
GALAXY SURFACTANTS - 70% ROI Potential Stock Mid Term Idea A Fresh stage 2 Multiyear Flag breakout move.
Why I consider this attractive ?
1) The stock has broken out of a 3 year old consolidation zone - Flag Breakout. June 2021-Aug 2024
2) The stock as compressed for 2 months at the breakout level.
3) Overhead supply is very minimal.
4) Daily has broken out of the compression at Flag Breakout level, retested and given a good breakout again, indicating solid buyers strength.
Flag targets at about 5400.
#GALAXYSURF - Diiferent buy plan#GALAXYSURF
Analysis
Daily Candle
1.Its above both 200 DMA and 150 DMA from last 45 Days..
2.Its not above both 50 DMA and 20 DMA.
Weekly Candle
1. It has broke downtrend with high volume. Angle almost 45 degree
2. It has been up trending with avg volume. Angle almost near to 45 degree.
Plan
1. Buy in the range 1230-1240 level with half position
2. SL 1150 . Approx 7-8 %
3. Target 10 %
4. 1274 would be first Resistance.If it will break with full volume then deployed half position.
GALAXY SURFACTANTS | 80% returns | 3 year range breakoutGALAXY SURFACTANTS
Monthly time frame
Stock seems to have broken the descending triangle pattern, with retest also done
Stock riding above 20- & 50- month moving averages
RSI = 60, indicating bullish momentum
MACD crossover completed and is above the 0 line, indicating bullish momentum
Weekly time frame
Breakout and retest from the descending triangle pattern clearly visible
Breakout has happened near the crossover of all 3 moving averages,
Stock riding above 20-, 50- & 200-week moving averages
Stock has recently tested all 3 moving averages and bounced back
Golden cross approaching with 50 WMA about to cross 200 WMA
RSI > 60, indicating bullish momentum
MACD extending the crossover & above the 0 line, indicating bullish momentum
Daily time frame
Stock trading near the dotted white resistance trend line
Stock riding above 20-, 50- & 200-day moving averages
RSI > 60, indicating bullish momentum
MACD has extended the crossover & is above the 0 line, indicating bullish momentum
Conclusion
Entry: 3,200
Stop Loss: 2,700
Target 1: 3,600
Target 2: 4,400
Target 3: 5,700
Fundamentals
PE (36) < Industry PE (41) {Ideal scenario}
ROCE = 17% {Ideal > 15}
ROE = 15% {Ideal > 15}
Int Coverage = 19 {Ideal > 2}
Debt to equity = 0.09 {Ideal value < 1}
CF Operations / EBIT = 1.3 (Ideal > 1)
Promoter stake has remained consistent over the years > 70%
FII + DII participation > public participation
Galaxy Surfactants: Bullish Wave 5 in MotionTechnical Analysis of Galaxy Surfactants
Elliott Wave Analysis:
Galaxy Surfactants is exhibiting a classic Elliott Wave structure on the weekly time frame. The stock has successfully completed waves (1), (2), (3), and (4), and now appears to be unfolding wave (5). Within wave (5), we have finished waves 1 and 2 and are potentially starting wave 3 on the daily time frame.
Key Levels:
Invalidation Level: The low of wave (4) at 2221 serves as the invalidation point for this bullish wave count. If the stock price falls below this level, the current Elliott Wave structure would be invalidated.
Target Levels: Based on the wave structure, the potential targets for wave (5) are in the range of 3500 to 4000.
Technical Indicators:
MACD (Moving Average Convergence Divergence): The MACD is positively aligned on both daily and weekly time frames, indicating bullish momentum.
RSI (Relative Strength Index): The RSI is also showing strength, being positively aligned in both daily and weekly time frames. This supports the view that the stock is in a bullish phase.
Wave (5) Characteristics:
Wave (5) in Elliott Wave theory often represents the final leg of the primary trend. It is usually characterized by strong momentum and can sometimes extend to unexpected levels, especially if wave (3) was not the longest wave. The unfolding of wave (5) suggests that Galaxy Surfactants has significant upside potential.
Conclusion:
Galaxy Surfactants is showing a strong bullish setup according to Elliott Wave theory. With the stock potentially starting wave 3 of wave (5) and supported by positive MACD and RSI indicators on both daily and weekly time frames, the outlook is highly positive. The invalidation level is pegged at 2221, with targets towards 3500 - 4000 levels. Investors should monitor these levels closely to confirm the wave structure and potential continuation of the bullish trend.
I am not Sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Hope this post is helpful to community
Thanks
RK💕
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
📈 Exciting Bullish Pattern Alert! 🐂📊 Pattern: Flag Channel
📌 Symbol/Asset: Galaxy Surfactants
🔍 Description: If touches support it can bounce back and can give a big breakout.
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
Galaxy SurfactantsMissed entry. Will wait for retrace to 21 ema.
Black bar on top. Elliott oscillator Green.
Wedge with double bottom. Uptrend stock
Galaxy Surfactants has an operating revenue of Rs. 4,018.21 Cr. on a trailing 12-month basis.
An annual revenue growth of 32% is outstanding, Pre-tax margin of 9% is okay, ROE of 16% is good.
The company has a reasonable debt to equity of 5%, which signals a healthy balance sheet.
Galaxy Surf IndiaSun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
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GALAXY SURFACTANTS (LONG)Good volume seen
broken downward channel and took support on it
following trendline upside now
took support at 200 EMA
BUY NEAR 2872
SL 2778
TGT 3000 - 3127 - 3300 - 3476
Please Correlate by yourself also on charts. This is for Educational and Paper Trading Purpose Only. Must Consult your financial advisor before Investing.
Breakout from channelGalaxy is a top company producing diverse range of products, and the largest manufacturer of oleo chemical based surfactants and speciality products with top MNC's as clients -P&G, Unilever, Colgate palmolive, Himalaya, Reckitt Benckiser, L'Oreal etc..with a 100% + growth in last one year itself..targets marked. let's see. This is not a recommendation, just an idea....it has BO'd with big volumes..