Sula's hangover...over??There is some buying from this level....plenty of resistances it has to cross, there is the immediate upper resistance, it is in a downward channel....so those who want a short to medium term hold, can start accumulating and keep multiple sell orders till 444....my targets go on till 600....Use your own risk management....
SULA trade ideas
Is the hangover OVER for this stock??This stock is drunk...300 being key level...if that breaks....hello 100s or even 2 digit area....Lets face it, we are in a mini bearish market trend in an overall bull trend, the question is when will FIIs stop their selling spree?? I have no idea, but this company is in the business of making booze....and booze never goes out of demand.....I am buying small quantities with multiple sell orders till its life time high....will average down if I have to.....If you're buying, don't put more than 0.5% overall capital and add 0.1% with every 5% dip.....that's my strategy anyway...use your own risk management....
SULASula Vineyards Ltd - analysis
Current Performance:
- Current Price: INR 382
- Q2 FY25 Net Profit: ₹14.5 crores, down 37.3% YoY
- Revenue: ₹142 crores, down 1.2% YoY
- EBITDA: ₹34.4 crores, down 23.85% YoY
- Debt: ₹330 crores, up from ₹260 crores
Market Challenges:
- Decline due to urban demand slowdown and excise policy changes.
Reasons to Consider:
- Market Leader: Largest wine producer in India
- Brand Strength: Strong recognition and loyalty
- Growth Potential: Recovery expected with market improvements and new brand launches
- Dividend Yield: 2.15%
Technical Analysis:
- Support Levels: INR 360, INR 340
- Resistance Levels: INR 420, INR 450
-Trend: high trading volumes indicate strong market interest we can see reversal from this levels
Sula vineyards - Investment ideaStock price is taking support & consolidating since long near a key FIBO level. Daily closing above 520 can change this consolidation trend and open up levels towards 650 in short to medium term.
Fundamentals are also good as Sula has a leadership position in wine industry, investing more in wine tourism and also improving operating margins along with revenue.
Sula Poised For upward breakoutSULA CMP: 523.10 ; RSI : 40.16
Sula Wineyard Script has corrected upto 25% from its 52W high of Rs 694.15; after the FII promotor exit. Script has corrected for a while and shown the Falling Wedge patten (Contracting), a bullish pattern, Big time support is placed at Rs 485;
Script will rebounce once it crosses Rs: 570 on closing basis. Script should be accumulated at every dip between 490-517.
Stop loss : 485
Target: 615-640-685-744
Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance
SulaStock name = Sula Vineyarda Limited.
✅ #SULA trading above Resistance of 647
✅ Next Resistance is at 770
✅ moved 20% in 1 days
Daily 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.
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.
SulaStock name = Sula Vineyards 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.
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.
Sula Vineyards LtdIncorporated in 2003, Sula Vineyards Limited is India's largest wine producer and seller as of March 31, 2022. The company also distributes wines under a bouquet of popular brands including "RASA," "Dindori", "The source," "Satori", "Madera" & "Dia" with its flagship brand "Sula" being the "category creator" of wine in India