Emami Limited
Emami Limited's stock has hit an all-time high and is still rising, the company seems to be a fantastic long-term investment.
I have recently discovered an incredible investing opportunity. Kindly examine and understand the monthly chart of Emami Limited. The chart suggests that Emami Limited is a solid investment in the 680–700 zone. It has done well so far and has a significant amount of upside potential.
Kindly see the Emami Limited monthly chart. Now that the stock has broken out of the 680–700 zone, it is rising and trading above horizontal resistance. With a price of 800, Emami Limited is presently in high demand, as the chart illustrates. The graph below shows the estimated growth era, which runs from 1050 to 1100.
- Emami Limited continues to rise and produced a reasonable breakthrough around 680–700, making it an excellent long-term investment possibility.
- Based on the chart, Emami Limited looks to be in a strong position and has room to grow to 1050 and 1100.
- Right now, between 680 and 700 is the best price range to purchase this stock since the risk-reward ratio is ideal for cash transactions.
- With a target price range of 1050 to 1100, the chart indicates that the stock has broken out of an ascending triangle formation.
For reference, kindly refer to the Emami Limited monthly chart. The monthly chart displays demand in the 680–700 price range, a breakout, and horizontal resistance. The stock rises in reaction to strong demand in that range.
The stock reached a new all-time high today, indicating a great buying opportunity at the current price. Please take note of the horizontal resistance and its breach. The stock has so far continued the upward trend on the chart, hitting its goals at 1050 and 1100.
The rising triangle gave rise to Emami Limited, with the pattern's most recent goals falling between 1050 and 1100. One chart pattern utilized in technical analysis is the rising triangle. At the swing high and swing low, price fluctuations produce a horizontal line and a rising trend line, respectively. The triangle formed by the two lines.
Because the stock is in high demand, investors may seek a long-term buying opportunity in the 680–700 range and profit from any falls that occur. This might result in a recovery to the 1050 and 1100 levels, demonstrating a solid risk–reward ratio. This stock has a significant upside potential, so take advantage of every dip as an opportunity to invest. Use every dip to purchase this stock.
Investors may purchase the stock gradually with cash, setting a 590 stop loss and 1050–1100 price targets.
As a trader or investor, I often look for a Volatility Contraction Pattern (VCP), which is a situation in which there is a decrease in price volatility before a significant rise, enabling the stock or instrument to achieve significant volume and upside with a swift increase and target hit. Please download the application from our website for further details about VCP patterns. We also show how to highly-precision recognize such patterns.
The monthly chart of Emami Limited displays both resistance and support. The levels are depicted in the spot chart.
|
Emami Limited |
Support |
Resistance |
|
Level 1 |
680 |
1050 |
|
Level 2 |
590 |
1100 |
Company Profile: Emami Limited is a dynamic and rapidly rising FMCG company in India. Established in the 1970s, the company manufactures and markets personal and healthcare goods, with an impressive portfolio of household brand names including Navratna, BoroPlus, Zandu, Kesh King, Fair and Handsome, Mentho Plus Balm, 7 Oils in One, and Dermicool, among others.
Emami does not view brands solely as "properties". They are not only long-lasting assets that generate revenue and profits, but they are also viewed as "offerings" - created with passion, with a focus on natural and ayurvedic formulations, and delivering satisfaction to people worldwide.
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