Rajesh Exports is trading above yesterday's candle of 1-29-24 12:02 PM. Today's candles are
1-30-24 10:13 AM
1-30-24 2:39 PM
Let it stabilize above 10:13 candle and it will ensure upward movement.
Please apply 3 and 30 EMA. Let 3 EMA cut 30 EMA from below and it will become bullish in intraday. (Time Frame 1 hr.) Price targets have already been provided...
Rajesh exports has broken a strong support. Probably, stop losses have hit of people, busniess is doing as good as it was doing for last 5-8 years. Its just time that this stock can become multi-bagger.
Either it will reverse from here or drop till 200 and then reverse. Unless, there is something wrong within the company that the retail investor has no clue of....
Price is ranging in a key level as per technicals. So as mentioned in the previous post regarding this stock, I'm adding onto the position summing up my total holding in the scrip to 1.25% of the total capital. There is an upside potential of nearly 163% from the current average levels to all time highs.
Will consider adding on another 1.25% in the next 2 key...
As you see price after long time reached demand zone. Area marked should be your watching time. Any reversal candle formation on demand will give us opportunity to grab. Keep on watchlist and do proper analysis concerned with your financial adviser before making any investments decision.
Company Overview:
This company stands as a global leader in the gold industry, with a unique presence throughout the entire gold value chain, from refining to retailing.
Remarkably, it processes a substantial 35% of the world's gold production and serves as the largest exporter of gold products from India.
The company's operational and research and development...
Rajesh Exports Ltd is a manufacturer of Gold and Gold Products.
Company is almost debt free.
Stock is trading at 1.06 times its book value.
its has formed bottom.
but its balance sheet is good giving proper year on year profit.
considering abt technical chart price is below 200 day,50day, 20day moving averages.
perfect time to buy AS MUCH INCREASE IN VOLUME AS...
Deeply undervalued mid cap gem with strong fundamentals.
Is setting up 5 GWh factory to manufacture Lithium Ion Batteries.
Technically RSI is showing weak bullish divergence on daily TF.
Currently price is hovering around 2015 levels whereas revenue increased more than 6 times and profit just doubled due to reduced profit margins.
With increasing number of...
