Zodiac Clothing Company Limited
Zodiac Clothing appears to be a solid long-term investment, as the stock has surpassed its previous highs and is rising.
Please review Zodiac Clothing Company Limited's monthly chart to better grasp its structure. As indicated in the chart, Zodiac Clothing is a solid buy in the 150-155 zone, and it has done well thus far, with tremendous upside potential.
Please examine the Zodiac Clothing Chart. Following its breakthrough from the 150-155 range, the stock is now trading above horizontal resistance and continues to advance. As shown in the graph, Zodiac Clothing is now seeing strong demand in the 150-155 price range. The expected rise is 280-300, as shown in the chart below.
- Zodiac Clothing is a fantastic long-term investment potential because it has shown a reasonable breakout around the 150-155 level and is currently trending upward.
- Zodiac Clothing appears to be in a strong position on the chart, with room for future growth to 280 and 300.
- As of now, 150-155 represents the finest opportunity to acquire this company because the risk-to-reward ratio was optimal for a cash transaction.
- Zodiac Clothing broke out of the ascending triangle pattern, and the objective range may be 280 to 300, according to the pattern.
Please refer to the Zodiac Clothing Chart for reference. The monthly chart reveals horizontal resistance and breakout, as well as demand in the 150-155 zone, and the stock is rising after accounting for the high demand in that region.
Please take note of the horizontal resistance and its breach, which resulted in the stock reaching a new high today, signaling a compelling opportunity to buy at the current market price. So far, the stock has followed the chart's upward trend, reaching 280, 300, and beyond.
Zodiac Clothing evolved from the rising triangle, and the pattern's current goal is between 280 and 300. An ascending triangle is a chart pattern commonly employed in technical analysis. Price changes result in a horizontal line along the swing highs and a rising trend line along the swing lows. The two lines create a triangle.
Investors may seek a long-term purchase opportunity in the 150-155 range and capitalize on any dips that occur as the stock is in high demand, perhaps leading to a recovery to the 280 and 300 levels, showing a solid risk-reward ratio. Use every dip to buy this stock since it has a strong upside potential, and every dip is an opportunity to invest.
Investors could buy the stock with cash for a long time and set a stop loss at 99 to achieve price objectives ranging from 280 to 300.
The Zodiac Clothing monthly chart displays both support and resistance. The spot chart depicts each level.
|
Zodiac Clothing |
Support |
Resistance |
|
Level 1 |
100 |
280 |
|
Level 2 |
95 |
300 |
Company Profile: Zodiac clothes Company Ltd. (ZCCL) manufactures men's clothes under the labels Zodiac, Zod!, and z3. The company manufactures men's clothes and accessories for the Indian and worldwide markets. M. Y. Noorani established 'House of Zodiac' in 1954 as a necktie factory. ZCCL formed as a private limited company in 1984. It was declared a presumed public limited company in December 1993 and went public in January 1994.
As of 2018, Zodiac Clothing Company Ltd. operated a retail chain of 121 stores using a company-owned model, with over 2,100 direct on-roll workers and 1,500 independent retailers.
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