SJS1. Anything can happen.
2. You don't need to know what is going to happen next in order to make money.
3. There is a random distribution between wins and losses for any given set of variables that define an edge. No other thoughts
4. An edge is nothing more than an indication of a higher probability of one thing happening over another.
5. Every moment in the market is unique.
SJS trade ideas
Some targets For investors Hi @JainArpan
Just A support and some targets Nothing for me to study.
All the best.
Gratify if you appreciate the practice then you can like it, share it and
If you want me to investigate any chart for you then would cherish doing that for you.
Thank you for your time and support.
Stay safe.
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%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
SJS looking good for IPO Base BreakoutSJS Enterprises Ltd. (SJS) is one of the leading players in the Indian decorative aesthetics industry in terms of revenue. It offers a "design-to-delivery" aesthetics solutions provider with the ability to design, develop and manufacture a diverse product portfolio for a wide range of customers primarily in the automotive and consumer appliance industries.
SJS ENETERPRISES DECENDING TRIANGLE BROUT, GOOD FUNDAMENTALS Good fundamentals, good clients, Have found a descending triangle break out recently happened, so its retesting expects soon within two three sessions.This month expecting to close above the previous month high and breaking this month high again will be a great opportunity. Be patient and vigilant while taking trades.
Disclaimer : Not a sebi regd analyst , analysis for educational purpose only.
HAPPY TRADING GUYS ....
SJS S.J.S. Enterprises has an operating revenue of Rs. 398.75 Cr. on a trailing 12-month basis.
An annual revenue growth of 47% is outstanding, Pre-tax margin of 20% is great, ROE of 15% is good.
The company is debt free and has a strong balance sheet enabling it to report stable earnings growth across business cycles.
The stock from a technical standpoint is trading close to its 50DMA and comfortably placed above its 200DMA, around 11% above 200DMA.
It needs to take support around the 50 DMA level to continue further upside move.
Wedge with double bottom.
Can expect a very good move above 510.
I have placed a buy now @ 475