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.
Nota
Break of Day High @ 25.05 shall trigger immense Bullish sentiment.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.