Star Cement is making another attempt to continue the breakoutThe Price broke out a few days ago and looks like it will make another attempt.
BIKAJI trade ideas
Bikaji Food Triangular Pattern, Long, 1DBikaji Food is following a triangular pattern. If it breaks the level of 780 with Bullish candlestick patterns like Bullish Engulfing, Hammer & Inverted Hammer, Piercing Line, Morning Star, Three White Soldiers, Tweezer Bottoms or Bullish Harami, then take a long trade on this stock with first target of 815 and second target of 851.
Entry: 780 (on Bullish candlestick pattern)
Target1: 815
Target2: 851
BIKAJI FOODS READY FOR SHOT UPStocks looks bullish on the daily as well as weekly chart as per trend analysis and chart pattern analysis
BIKAJI : Breakout Candidate#bikaji #vcppattern #vcpsetup #trendline #breakout
BIKAJI : Swing Trade
>> Good Strength in stock
>> Volumes Dried up
>> Trendline Breakout
>> VCP Structure - Ready to Blast
>> Low Risk High Reward Trade
Swing Traders can lock profit at 10% and keep trailing
Disc : Charts shared are for Study Purpose, Do your own Analysis and consult your Financial Advisor before taking Position in it. Take Position as per Proper Risk Management.
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IPO stock BIKAJI is at supportThis is weekly chart of BIKAJI
Stock has good support around 570 levels
If stock support is intact then we may see bounce
Thank You !!
we can see good buying in Bikaji foods weekly chart has fulfilled the demand of EMA 50, now we can good impulse.
BIKAJI CMP 875After Sudden correction im market Bikaji also corrected.Now in short term we can consider it for a swing trade . It giving a signal on both side trendlines.Company is best and compitieter of Haldiram.Fundamentals are strong PE and PBV are little high. With taking a small stoploss we can try for a best Reward from this area.Analyze chart and find your best entry exit point Thanks.
Bikaji Foods - Long Setup (Swing Trade)Bikaji Foods has confirmed a long setup after breaking the entry zone. Here's the trade setup:
Entry Price: 874.9 (Confirmed after the 15-minute candle broke above the entry zone at 866 )
Target: 952.4
Stop Loss: 822.8 (Valid if a daily candle closes below this level)
The entry price of 874.9 has been confirmed, and the setup provides a favorable risk-to-reward ratio. The stock is aiming for a potential move towards the target of 9 52.4 , with a well-defined stop loss at 822.8 to manage risk.
Disclaimer: This post is for educational purposes only and is not financial advice. Always manage your risk and trade responsibly.
BIKAJI FOODS HAS BROKEN THE RESISTANCE, AIMING FOR NEW ALL-TIME?BIKAJI FOODS has decisively broken through the resistance and is currently in the process of retesting. This presents a solid opportunity to enter the retest.
Furthermore, in the 54th GST Council meeting, the government made the firm decision to reduce the Goods and Services Tax (GST) on Extruded Namkeen snacks from 18% to 12%.
BIKAJI FOODS INTERN LTD S/R Support and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
20 EMA (Exponential Moving Average):
Above 20 EMA: If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum.
Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory.
Combining RSI with Support and Resistance:
Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal.
Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
Ready for breakoutAttempted breakout, but resulted in supply wipe out. Closing above PoC and a good base. Chances of a good positive trend.
$NSE:BIKAJI Bullish flag pattern on a weekly chart NSE:BIKAJI has a bullish flag pattern
Market Cap : 17,947 Cr.
P/E : 62.5
ROCE : 29.6 %
ROE : 24.7 %
EPS : 11.5
RoA : 19.8 %
Debt to Equity Ratio : 0.10
Sales => 561.40 cr (Jun-24) Vs 477.55 cr (Jun-23) vs 606.21 (Mar-24)
Net Profit => 60.55 cr (Jun-24) Vs 43.21 cr (Jun-23) vs 116.11 (Mar-24)
Disc - invested, for educational purposes only
Bikaji Foods - Not at good zone for buys!My Overview & Observation:
1. Already huge price moves have happened.
2. Channel breakout, hence it might continue to grow higher but I will not be interested as Risk will be high.
Trade Plan:
1. RRR is not favourable
2. Wait for a retracement for buying.
- Stay tuned for further insights, updates and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
Bikaji food # SWING As bikaji is making higher high and after brake out of his higher level it may go up as you can see in chat it can gain up to 20 percent
Bikaji Foods Inter for longBikaji Foods Looking good for a long term perspective. Strong Financial Performance and consistent growth over past year show a significant strength.
Entry at current level with proper risk management looks good.
Note: This analysis is purely for educational purpose. Please consult your financial advisor before making any investments.
BJP Election Jeete ya Haare BIKAJI FOODS ki Mithai to Banti hai
Company has delivered good profit growth of 39.5% CAGR over last 5 years
Delivered overall volume growth of 14.3% and value
growth of 33% in Q4 YoY
EBITDA margin expanded by 244 bps in FY 24 over FY
23. This was led by gross margin expansion by 329 bps
due to favourable material prices along with better
product mix and realisation.
In Q4 FY PLI income has been recorded amounting to
INR 930.5 millions (for FY 20-21, FY 21-22 and FY 22-23)
as all commitments have been fulfilled. Going forward
this will be recorded on accrual basis quarter on
quarter.
Total committed investment was done by 31 March 2024 as per committed timelines.
Realised amount of INR 484 millions for FY 2021-22 and FY 2022-23 in two tranches from Government.
Since commitment is completed, from this year onwards started booking PLI income in books of account under “other operating
revenue” as per accrual concept of accounting.
In current year booked income in books pertaining to FY 2021-22, FY 2022-23 and
FY 2023-24. Going forward same will be booked quarter on quarter basis.
Bikaji Foods International Ltd (previously Shivdeep Industries Limited) was founded in 1986 as a partnership concern and was converted to a limited company in October 1995. The erstwhile firm used to sell its product under the name of Haldiram, and from 1993 onwards, the company established the BIKAJI brand for its products. The company is engaged in the manufacturing and processing of bhujia, papad, namkeens, cookies, snacks and sweets, among other products. It also exports to more than 35 countries and contributes approximately 5% of sales. The company has ISO: 9001:2015 and ISO 22000:2005 certified manufacturing facilities in Bichhwal, Bikaner.
Bikaji Foods International Limited is one of India's largest fast-moving consumer goods ("FMCG") brands. The company's product range includes six principal categories: bhujia, namkeen, packaged sweets, papad, western snacks as well as other snacks which primarily include gift packs (assortment), frozen food, mathri range, and cookies.
Bikaji FoodsBikaji food is looking good for swing above the mentioned level.
Reasons:- 1. Hammer formation in weekly tf on fib 50% zone.
2. Trendline breakout at daily time frame.
3. Bullish above the mentioned levels.
BIKAJI - Riding the Wave of OpportunityBIKAJI - Riding the Wave of Opportunity
📈 Market Momentum:
BIKAJI is making waves by achieving a new six-month high, accompanied by substantial trading volume. The latest tick reveals a strong price rise, supported by robust volume, signaling heightened market interest and potential opportunities for traders.
📊 Technical Indicators:
The MACD/Signal line bullish crossover and sustained momentum are noteworthy, indicating a positive market sentiment. With a new high in play, there's a compelling possibility of a breakout, adding to the stock's overall bullish outlook.
💡 Breakout Confirmation:
The positive breakout, coupled with a bullish Heikin Ashi pattern formed with high volume, serves as a strong confirmation of the upward trajectory. Additionally, a bullish continuation Heikin Ashi pattern further reinforces the potential for sustained gains.
📊 Trade Recommendation:
To seize this promising opportunity, consider going long above ₹553, with a strategically placed stop loss below ₹485.35. This trade not only aligns with recent positive developments but also positions traders to benefit from potential continued bullish momentum.
🚀 Why Act Now?
BIKAJI is not just a stock; it's a ticket to ride the wave of opportunity in the market. With a new high, positive breakout, and bullish patterns, this is a chance to be part of a potential success story! 📈💰 #BIKAJI #TradingOpportunity #BullishMarket #BreakoutAlert #FinancialMarkets 🚀📊
💥Bikaji Foods 💥-Nice Breakout💥Bikaji Foods 💥-Nice Breakout
Capital to be deployed- 20k
Investing Price -513-516
Breakout Price-513
Stoploss-447
Targets-643
RT for max reach
#bikajifoods #StocksToBuy #stocks #StocksToTrade #StocksInFocus #stockstowatch #StocksInNews
#bikaji #rangebreakoutrange breakout with good volume,if sustained above 500 lvl can see good upside till 586.
YOY profit 151%
good fundamentals
