Penny stock breakout: Imagicaaworld Entertainment jumps over 30 per cent in just 3 days!
The stock has jumped 164 per cent in the last one year and risen 67.50 per cent on a YTD basis.Â
Imagicaa is owned & operated by Imagicaaworld Entertainment Limited (AEL) and is promoted by Manmohan Shetty (Founder of Adlabs Ltd).
Imagicaa, a ‘one-stop’ entertainment destination with a theme park, waterpark, snowpark, and a family hotel, is spread over an aggregate area of 138 acres. This destination is located in Khopoli, 74 km from Mumbai and 60 km from Pune on the well-travelled Mumbai-Pune expressway.
The stock of Imagicaaworld Entertainment got locked in the upper circuit on Wednesday as it jumped 9.95 per cent. Moreover, it had gained more than 30 per cent in the last trading session. The stock has been a clear outperformer in the last one month.
The stock has jumped 164 per cent in the last one year and risen 67.50 per cent on a YTD basis.
The stock has witnessed a stage 2D consolidation breakout. The length of the consolidation pattern is about 16-week long while the depth of the pattern is over 20 per cent.