CCL Products: Inverted Head & Shoulders Breakout with Strength

2024年11月27日

Stock: CCL Products (India) Ltd. (CCL)

Analysis:
CCL Products has completed an Inverted Head and Shoulders pattern, a bullish reversal setup, and has confirmed a breakout from the final leg with strong volume. Institutional confidence adds further credibility to the stock's bullish outlook:

FII/FPI Holdings: Increased from 9.76% to 10.17% (Sep 2024 quarter), with the number of investors rising from 162 to 178.
Mutual Fund Holdings: Increased from 18.84% to 18.99%, with the number of MF schemes holding the stock growing from 52 to 58.
The breakout aligns with improving fundamentals, making this stock well-positioned for an upside move. The near-term target is around ₹807.

Technical Setup:

Pattern: Inverted Head and Shoulders
Volume: Breakout supported by strong volume confirmation
Institutional Support: Increased holdings by FII/FPI and Mutual Funds
Trade Plan:

Entry: On sustained trade above breakout level
Target: Near-term at ₹807 and long term target as per the Head and shoulder pattern
Stop Loss: Below the neckline or breakout level
Note: Institutional accumulation and technical breakout complement each other, making this a compelling swing trade opportunity.

🔒 Disclaimer: This post is for educational purposes only. We hold no liability for any profit or loss incurred from trading or investing based on this information. Always conduct your own research or consult a financial advisor.

2024年12月2日

交易進行

already in good profit, start trailing

2024年12月4日

註釋

Keep trailing