Cantabil Retail India Limited
Cantabil Retail India Limited continues to expand and set new milestones, suggesting that it is a prudent long-term investment.
Please take a moment to review and understand the Cantabil Retail India Limited weekly chart. Cantabil Retail India Limited has done well so far, and the chart indicates that it is a good option in the 300–320 range, where it enters on all dips. It also offers numerous chances for development.
Please refer to the weekly chart for Cantabil Retail India Limited. The stock is currently rising quickly and trading around the horizontal barrier after breaking out of the 300–320 range. According to the research, there is currently a noticeable demand at 320 levels. The chart below shows the predicted upward open range, which is between 580 and 600.
- Cantabil Retail India Limited expanded and is now a great long-term investment prospect following a significant breakthrough in the 320 zone.
- Because of its advantageous location, Cantabil Retail India Limited might be able to grow and achieve its goals of 580 and 600.
- Since the risk-reward ratio is appropriate for cash transactions, the optimum moment to buy the stock is right now, when it is trading between 300 and 320.
- The chart indicates that the stock is poised to exit an ascending triangle formation, with a target price of between 580 and 600.
The Cantabil Retail India Limited weekly chart is shown. With an upward breakthrough and horizontal resistance, the weekly chart's 300–320 price range shows demand. The price of the stock reflects the increasing demand.
This appears to be a decent time to buy at the current price given the stock's recent top. Because of this, keep an eye out for the horizontal resistance breakout zone. As of this writing, the stock has gained and could eventually hit the 580–600 area that was predicted.
Cantabil Retail India Limited's most recent goals fall between 580 and 600. The Ascending triangle served as the structural basis for the company. The ascending triangle is an often used chart pattern in technical analysis. A horizontal resistance and an upward-sloping trendline are produced by price movements at the higher lows and swing highs, respectively. These two lines make the triangle.
Because of the tremendous demand for the stock, investors might be searching for long-term buying opportunities around the 300–320 range. This company should see an increase in value during market downturns due to its exceptional risk-reward profile. Seize the opportunity to buy this stock. Invest in this business; even during recessions, it has a lot of potential.
Wealthy individuals can buy the very minimum of the stock and set up a stop loss at 210 and sell it at a price between 580 and 600.
The stock or instrument may quickly rise with large volume and surpass the target if there is no price movement prior to a discernible gain. Traders and investors are still fascinated by volatility contraction patterns, or VCPs. To learn more about VCP patterns, visit our website or download the Fx Careers app from the Google Play Store. We also offer accuracy in identifying patterns.
The weekly chart of Cantabil Retail India Limited shows both support and resistance. The spot chart displays every level.
|
Cantabil Retail Limited |
Support |
Resistance |
|
Level 1 |
300 |
580 |
|
Level 2 |
210 |
600 |
Company Profile: A major force in the clothing sector, CANTABIL is involved in a wide range of operations, including design, production, branding, and retailing. The brand has established itself in the market since its launch in 2000 with the unique moniker "CANTABIL" .
New Delhi is the ideal location for the company's headquarters, which acts as the hub of its activities.CANTABIL has a strong presence in 20 states and a vast network of more than 500 Exclusive Brand Outlets (EBOs). Together, these retail locations cover an astounding 4,25,000 square feet of floor space, displaying the wide variety of CANTABIL clothing.The company is proud of the people who work there.
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