#IPO_Candidate_2 - Premium Listing followed by Highs in next few weeks thereafter making a base. 2-3x Potential after BO above listing price is broken, Time-frame – 1yr. #LXCHEM#LODHA
#IPO_Candidate_3 - Correction on Listing. Infosys is an example – research ongoing. I will update later.
Potential #IPO_BO_Candidate on My Radar as per the types of candidates are shared below as test cases. I will keep updating this thread as an when an IPO BO Candidate is ready.
#IPO_Candidate_1 #ROLEXRINGS – Corrected 19% from Listing, consolidated on low volumes over 4 months. BO done above listing high 1263 with volume spike. Retest possible, Entered with test quantity, position size will be increased based on price rise.
#IPO_Candidate_2 #RATEGAIN – Consolidating in a range from 373 to 386, over three weeks on low volume, breakout of the base with volume is awaited. Entered with test quantity.
#IPO_Candidate_2 #PARAS#PARASdef
Forming a base around 698 and 775, above 792, it will show its magic. Entered at 721 and accumulating as a test case for this IPO Candidate 2.
#LXCHEM A gain of 33.33% is due. Seen making a base around 426, moving in a tight band (421 to 441), needs to break the upper limit(451), or lower limit(406) for confirming the move on either side. Negotiation of final at resistance(464) or support(392) will decide future course.
The move upward or downward is not clear as of now, but from the range, it is evident that the operator was keeping it in a band of 426 to 441 with very low volume, for 2 months plus. The stock was in ASM + circuit limit of 5% was a big spoiler.
Since the stock has come out of ASM yesterday, from the tight range it can be assumed that the counter should move northwards but may be to shake the existing stockholders or new entrants based on ASM news the operator might do some shake outs on either side.
New Year Pick - #DATAPATTNS#datapattern
CMP 760 on 31st Dec 2021, Expecting it minimum of 3x by 31st Dec 22.
Discloser – I have in my portfolio, I may have bias.
1. DATAPATTNS - Upper limit of issue price was 585, available Rs 175 higher than CMP 760 on 31st Dec 2021. 2. Q1(Mar) company gets 90% of its revenue remaining three Qtr 0-10%. #DATAPATTNS#datapattern
3. Alphas
(a) Chairman and MD Srinivasagopalan Rangarajan @Data_Patterns energy-level, involvement, aspiration, and transparency. He is an IIT-Madras graduate.
(b) Issue price valued at ~49x of FY21 earnings, #MTAR is 149x, #Paras is 150x and #AstraMicrowave is 78.38x