ALMONDZ NSE – ERC Breakout After Accumulation: Bullish Reversal?
🔍 Technical View
Prevailing downtrend is clearly evident from February into March, marked by a series of lower highs and lower lows.
In late March, price finds a liquidity pool near ₹19–20, followed by a sharp “spring” — a bearish shakeout that flushes out weak hands-on low volume.
A strong volume surge accompanies the spring, signaling absorption by stronger hands.
Price drifts sideways from April through June, forming a base and creating stops below recent lows — labeled “stop‑loss hunt on lows.”
Extended Range Candle (ERC) emerges near end‑June with significantly higher volume, punching above the yellow resistance line (~₹22.50), warranting attention.
A successful follow‑through above the ERC zone would confirm a bullish breakout and a shift in market structure, likely triggering further upside.
📊 Fundamental Snapshot
Business Overview: ALMONDZ Global Securities is engaged in retail and institutional broking, distribution of financial products, mutual fund services, and related value‑added offerings.
Revenue & Profitability: The company has shown mixed results, with moderate turnover in its brokerage arm and periodic pressure on margins due to competition and compliance costs.
Balance Sheet & Liquidity: Typically, the company maintains a conservative balance sheet with manageable debt levels. It holds sufficient working capital to support brokerage operations and product distribution.
Growth Outlook: The future hinges on the broader broking industry trends—like increased retail participation, return of market volatility, and demand for digital trading channels and advisory services.
Risks to Watch: Key risks include regulatory intervention, downward pressure on brokerage fees, sharp market downturns, and competitive headwinds from larger brokers and fintech platforms.
🧭 Strategy & Possible Actions
Watch for daily‑close above ₹22.50–23 zone on strong volume to validate the breakout.
Aggressive traders may initiate a small, long positions with the follow through.
Conservative traders could wait for a retest of the breakout level (now support) before building positions, improving risk‑reward and reducing whipsaw risk.
Alternative scenario: Failure to hold above the ERC zone and a breakdown below ₹21.00 may trigger a return to the base (~₹19), invalidating the bullish thesis.
✅ Conclusion
ALMONDS: NSE, appears to be in the early stages of a potential bullish reversal—supported by base‑forming, liquidity absorption, and an ERC breakout on heavy volume. If follow‑through above ₹22.50–23 is confirmed, it could usher in a new uptrend targeting ₹25+. However, a failure to maintain those levels would caution for reevaluation.
Prevailing downtrend is clearly evident from February into March, marked by a series of lower highs and lower lows.
In late March, price finds a liquidity pool near ₹19–20, followed by a sharp “spring” — a bearish shakeout that flushes out weak hands-on low volume.
A strong volume surge accompanies the spring, signaling absorption by stronger hands.
Price drifts sideways from April through June, forming a base and creating stops below recent lows — labeled “stop‑loss hunt on lows.”
Extended Range Candle (ERC) emerges near end‑June with significantly higher volume, punching above the yellow resistance line (~₹22.50), warranting attention.
A successful follow‑through above the ERC zone would confirm a bullish breakout and a shift in market structure, likely triggering further upside.
📊 Fundamental Snapshot
Business Overview: ALMONDZ Global Securities is engaged in retail and institutional broking, distribution of financial products, mutual fund services, and related value‑added offerings.
Revenue & Profitability: The company has shown mixed results, with moderate turnover in its brokerage arm and periodic pressure on margins due to competition and compliance costs.
Balance Sheet & Liquidity: Typically, the company maintains a conservative balance sheet with manageable debt levels. It holds sufficient working capital to support brokerage operations and product distribution.
Growth Outlook: The future hinges on the broader broking industry trends—like increased retail participation, return of market volatility, and demand for digital trading channels and advisory services.
Risks to Watch: Key risks include regulatory intervention, downward pressure on brokerage fees, sharp market downturns, and competitive headwinds from larger brokers and fintech platforms.
🧭 Strategy & Possible Actions
Watch for daily‑close above ₹22.50–23 zone on strong volume to validate the breakout.
Aggressive traders may initiate a small, long positions with the follow through.
Conservative traders could wait for a retest of the breakout level (now support) before building positions, improving risk‑reward and reducing whipsaw risk.
Alternative scenario: Failure to hold above the ERC zone and a breakdown below ₹21.00 may trigger a return to the base (~₹19), invalidating the bullish thesis.
✅ Conclusion
ALMONDS: NSE, appears to be in the early stages of a potential bullish reversal—supported by base‑forming, liquidity absorption, and an ERC breakout on heavy volume. If follow‑through above ₹22.50–23 is confirmed, it could usher in a new uptrend targeting ₹25+. However, a failure to maintain those levels would caution for reevaluation.
Ghi chú
Break of Day High @ 25.05 shall trigger immense Bullish sentiment.
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Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.