Eveready Industries Ltd. CMP – 355.60
Market Capitalization Rs 2,584.8Cr
Red Flags:🟥
High Valuation (P.E. = 62.5)
Declining annual net profit
Declining cash from operations annual
Green Flags:🟩
No debt
Low debt
Zero promoter pledge
FIIs are increasing stake
MFs are increasing stake
Previous Happy Candles Number – 50/100
New Happy Candles Number – 50/100
X/2...
NSE:EVEREADY
Nice setup for Swing Trade
✳️ Entry Around 303-308
🚨 Stop Loss 288 DCB
🚀 Target 342, 370, 420++
Duration 1-2 quarter
Disclaimer -
This is our personal view and this analysis is only for educational purposes.
Please consult your advisor before investing or trading.
You are solely responsible for any decisions you take on basis of our research
A breakout from a cup and handle pattern.
The stock might correct a bit which we call a retest of resistance or a pull back but technically looks good to go till 175 in the absence of major resistances.
One could accumulate on dips if any. However always maintain a stop loss as per your risk appetite.
