"AYM Syntex: VCP Breakout with Strong Earnings and FII Interest
Stock: AYM Syntex Ltd. (AYMSYNTEX)
Analysis:
AYM Syntex has formed a Volatility Contraction Pattern (VCP), a bullish setup indicating potential upside. The breakout is confirmed with strong volume, signaling renewed buying interest. Recent fundamentals further bolster the bullish outlook:
Quarterly Revenue: ₹405 Cr (21.1% YoY growth).
Quarterly Net Profit: ₹4 Cr (179.8% YoY growth).
FII Interest: Foreign Institutional Investors' holding surged to 3.5%, a significant jump from 0.03% in the previous quarter.
This combination of technical and fundamental strength makes AYM Syntex an attractive candidate for a short-term swing trade. The target price is set at ₹255.
Technical Setup:
Pattern: Volatility Contraction Pattern (VCP)
Volume: Strong confirmation on breakout
Institutional Activity: Sharp increase in FII holdings
Trade Plan:
Entry: On sustained trade above breakout level
Target: Short-term target at ₹255
Stop Loss: Below the most recent support within the VCP
Note: With solid earnings growth and increased FII interest, this stock is poised for a potential upswing.
Analysis:
AYM Syntex has formed a Volatility Contraction Pattern (VCP), a bullish setup indicating potential upside. The breakout is confirmed with strong volume, signaling renewed buying interest. Recent fundamentals further bolster the bullish outlook:
Quarterly Revenue: ₹405 Cr (21.1% YoY growth).
Quarterly Net Profit: ₹4 Cr (179.8% YoY growth).
FII Interest: Foreign Institutional Investors' holding surged to 3.5%, a significant jump from 0.03% in the previous quarter.
This combination of technical and fundamental strength makes AYM Syntex an attractive candidate for a short-term swing trade. The target price is set at ₹255.
Technical Setup:
Pattern: Volatility Contraction Pattern (VCP)
Volume: Strong confirmation on breakout
Institutional Activity: Sharp increase in FII holdings
Trade Plan:
Entry: On sustained trade above breakout level
Target: Short-term target at ₹255
Stop Loss: Below the most recent support within the VCP
Note: With solid earnings growth and increased FII interest, this stock is poised for a potential upswing.
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Learn, Profit & Share
Join FREE Telegram channel: t.me/learnprofitshare
Ask Question on Twitter I research and reply: x.com/LearnPShare
Subscribe Youtube channel 4 FREE learning:
youtube.com/@learnprofitshare
Join FREE Telegram channel: t.me/learnprofitshare
Ask Question on Twitter I research and reply: x.com/LearnPShare
Subscribe Youtube channel 4 FREE learning:
youtube.com/@learnprofitshare
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.