ANANT RAJ has triggered a fresh breakout above the ₹580 zone – reclaiming its prior breakdown level from Feb 2025. This comes after a rounded base formation lasting 4+ months.
Fundamentals Support Swing Bias:
Positioning:
Swing trade, not an investment. Ride momentum. Trail stops. No averaging up. Exit if ₹558 breaks on closing basis.
Disclaimer:
This analysis is for educational purposes only. It is not investment advice. Do your own due diligence. Trade at your own risk.
- Breakout 1: June 2, on volume, cleared the March–May base
- Breakout 2: Now taking out neckline of broader inverse H&S
- Volume: Expanding again
- RSI: Bullish, no divergence
- Structure: Clean higher highs and lows post-Feb low
- Measured Move Target: ₹700
- Stop-Loss: ₹558
Fundamentals Support Swing Bias:
- Low debt, strong solvency
- Net profit margin ~21%
- FY26 profit growth estimate ~32%
- Valuation expensive (P/E ~46), but growth supports it short term
- Not a long-term compounding candidate yet – monitor execution
Positioning:
Swing trade, not an investment. Ride momentum. Trail stops. No averaging up. Exit if ₹558 breaks on closing basis.
Disclaimer:
This analysis is for educational purposes only. It is not investment advice. Do your own due diligence. Trade at your own risk.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.