Keep an eye on Metal stocks the Index brekout bound to happen .
JSW steel is breaking out with volumes :
NIFTY target 17500 , JSW targets as shown .
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Fundamental :
Revenue 20.3%
NetProfit 39.3%
OperatingProfit 27.2%
Strong Annual EPS Growth
Effectively using its capital to generate profit - RoCE improving in last 2 years
Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year
Efficient in managing Assets to generate Profits - ROA improving since last 2 year
Strong cash generating ability from core business - Improving Cash Flow from operation for last 2 years
Annual Net Profits improving for last 2 years
Book Value per share Improving for last 2 years
FII / FPI or Institutions increasing their shareholding
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## F&O data suggests Short Covering today
## Positive Breakout Second Resistance ( LTP > R2)
## Stock with Low PE (PE < = 10)
## RSI indicating price strength
JSW steel is breaking out with volumes :
NIFTY target 17500 , JSW targets as shown .
====================================================================================
Fundamental :
Revenue 20.3%
NetProfit 39.3%
OperatingProfit 27.2%
Strong Annual EPS Growth
Effectively using its capital to generate profit - RoCE improving in last 2 years
Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year
Efficient in managing Assets to generate Profits - ROA improving since last 2 year
Strong cash generating ability from core business - Improving Cash Flow from operation for last 2 years
Annual Net Profits improving for last 2 years
Book Value per share Improving for last 2 years
FII / FPI or Institutions increasing their shareholding
=======================================================================================
## F&O data suggests Short Covering today
## Positive Breakout Second Resistance ( LTP > R2)
## Stock with Low PE (PE < = 10)
## RSI indicating price strength
Comment:
Metal Sector done . huge profits in the sector . getting ready for targtes till 725