Six Months Cup & handle breakout With Volume.#QuickHeal
It is engaged in the business of providing security software products.
Market Cap₹ 3,810 Cr.
Current Price₹ 708
ROCE 5.69 %
Qtr Sales Var 36.6 %
Qtr Profit Var 132 %
InstHold 3.95 %
Relative Volume 1.04X
Six Months Cup & handle breakout With Volume.
#StocksInFocus
QUICKHEAL trade ideas
QUICKHEAL - Bullish SetupStock name - Quick Heal Technologies Limited.
Weekly chart setup
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Master Score - B
Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling recommendations. I am not SEBI registered. please consult your financial advisor before taking any trade.
QUICKHEAL - Breaking prior ATHQUICKHEAL All Time high was 404(made in Jan 2018). Level was broken yesterday with good Volume, Retested that level and held today.
As long as 400 holds on Daily closing basis, expect to see 450 immediate target and above that 500 pysch level.
CMP 416
T1 450
T2 500
SL 400 on DCB
QUICKHEAL - BUY ACTIVEQUICKHEAL - Quick Heal Technologies Limited - BUY ACTIVE
Chart Insights : Day Chart
Stock closed @547 on 22-Feb-24
We can see stock breaks the channel pattern with good volume and can expect upside move if its sustain above the resistance.
BUY Active only on top of resistance , it may try to retest the same level in coming days , best buy on retest level & keep monitor for future investment.
Drawn support and resistance levels on chart for entry and exit reference
#QUICKHEAL 244 Buy TGT 300 SL 219 Recommended - Rachit Sethia QUICKHEAL 244
TGT 300
SL 219
RR >2
Return > 22%
TF < 6M
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. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
Long Quick Heal & Hold for long Term.Quick Heal Stock has given a neat & Clean Breakout above 176 level and its sustaining too. Also showing a positive divergence in rsi....this stock will shoot up from this level,,,so now we can see level towards 207,, buy with current price and hold for 15% tgt price which is 207. Place a stop loss @164...but as this is good fundamentally stock you should hold for long term.
Disclaimer:- I personally holding this stock for long term view.
QUICK HEAL TECH ABOUT TO BREAKOUT !!!Quick Heal Technologies on the verge of Breakout on the daily chart and tomorrow if you break out with huge volumes positively because of the technical analysis and the unbelievable results posted by the company and will sustain the rising levels and is on track to show a great up more from the current levels respectively and the company has announced a dividend of 4 rupees per share too.
QUICK HEAL TECH RESULTS:-
Q4 CONS NET PROFIT 397.2M RUPEES VS 79.9M (YOY)
PROFIT 134.6M (QOQ)
Q4 REVENUE 1.05B RUPEES VS 642.5M (YOY)
DECLARED FINAL DIVIDEND OF 4 RUPEES/SHARE
Perfect oppurtunity for all types of trading.
QUICKHEAL - Retesting of breakout & reversal - SwingThis analysis is purely based on price action and chart pattern.
Analysis is done on daily TF hence it may take several days to couple of weeks to reach its target.
Analysis & Strategy along with logic is explained in image itself.
Always plan your trade & trade your plan
Keep trailing SL accordingly once entered into the trade.
This analysis is purely for education purpose. Kindly do your own study before entering into any trade .
Feel Free to comment for any suggestion or query about chart study / price action analysis.
Checkout similar breakout & retest ideas linked below -
QUICK HEAL IT HAS MANAGED TO BREACH THE RESISTANCE OF 147 AND CLOSED ABOVE IT, SO IF IT SUSTAINS ABOVE 147, IT CAN BE A BUY FOR LONGER TARGETS LIKE 172 AND 195 IN COMING DAYS
IT WONT BE INTRADAY, NEED TO TRAIL YOUR STOP LOSSES
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
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