its a bit far off so if i forget im setting an alert at 435 to enter for long term
company delivered 50%+ increase in sales last 5 years consistently and 100pc profits cagr
going ahead the guidance is conservative at 25/27 % cagr for sales
we all love a company that overshoots its targets considerably ahead of time
if the execution is on track will be a...
1) runway gap in chart
2) 435 to 530 range of the stock trading from last 94 session
3) stock enter new stage
4) stop loss of 525 or below this level and target of 820 but one sentimental resistance in stock 600 level
5) SMA 20 495 , SMA 50 489, SMA 200 346
6) no recommendation for the stock buy or sell
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Monthly BO is expected after a long time where Flag pole BO is already done with good volumes and almost ready to break the Gann box levels too above 293
MACD crossover about to happen.
Gann Fann angle support has already been taken
Weekly chart already looks bullish
On weekly chart making higher high and higher low.Near to long term support.company fundamentally is zero debt high promoter holding of 74%, EPS annual of 19.56 dividend yield of 2.76% and PE of 12.76. It can be considered for portfolio building and accumulation has a reasonable fair value of 350.
3rd wave breakout today will show more power once crosses 289 buy on every dip . longs have a target of more then 380 in long run and 340 in short term .This is a metal stock with zero debt and promotor holding of 74 % approx.
This metal company's EPS TTM is 20.42 INR, dividend yield is 2.53%, and P/E is 13.46 and zero debt. currently in wave 3(2) once crosses 287 will show real power as it would be 3rd of 3 wave and fibo ext is showing trg of 338/269/388, currently in flag formation and share getting accumulated. Buy at every dip .
IFGL export metal stock with EPS of 21 and managment holding of 75 % and institutional holding of more then 10 % gave a breakout above 272 is in 3rd(2) wave buy near to 276-77 level for a target of 340,362 /380 if trades above this then new high possible.
In refractories business EMA10,20,50,100 RANGE FROM 160-262 ,EMA 200 269. Contracting triangle forming base at 258-262 range buy with a stop of 254 , soon to breakout of contracting triangle. Look at RHIM which is trading at 870 range in same business promotor holding of more then 70 % in both the companies in IFGL institution also hold 11 % and share...
