MOS Utility: VCP Pattern Near Breakout & Strong FII Accumulation

17 thg 12, 2024

"MOS Utility: VCP Pattern Near Breakout with Strong FII Accumulation 🚀"

Stock: MOS Utility Ltd.

Analysis:
The stock is displaying a near-perfect VCP (Volatility Contraction Pattern) on the charts, signaling a potential breakout. With strong financial growth and heavy accumulation by FIIs, MOS Utility looks primed for an excellent upward move. RSI also indicates bullish momentum.

Key Highlights:

Technical Setup:
VCP formation with tightening price action.
RSI is strong and bullish, supporting a breakout move.
CMP: ₹287.50.
Financial Performance:
Annual Revenue (Mar 2024): ₹181 Cr (+64.8% YoY).
Annual Net Profit (Mar 2024): ₹10 Cr (+84.5% YoY).
Shareholding Changes:
Promoters and Retailers have reduced holdings.
FIIs: Increased holdings significantly from 1% to 19.1% in the recent period.
Trade Plan:

CMP: ₹287.50.
Breakout Trigger: Watch for a breakout above key resistance.
Targets: Short-term target of ₹320, with further potential upside towards 365
Stop Loss: ₹260 (below recent support).
Disclaimer:
This analysis is for educational purposes only and is not financial advice. Please perform your own research or consult a financial advisor before making investment decisions.