Seshasayee Paper is : -trading with good volumes on the bourses. -presently trading at its 50 days Moving Average -positive divergence on the oscillators -in the accumulation phase at present -standing right at the support level on higher time frames. -reached a lifetime high of INR 421.75 on 12/Sep/2023 and a lifetime low of INR 2.41 on 17/Jul/2001. -has a net...
The stock is in strong uptrend in all larger time frames. Poised for a daily breakout - part of Monthly reversal. Monthly - Strong buying candle seen in September, which could not be defeated by sellers in Oct and Nov and Dec shows a hammer, which is a sign of reversal. All being inside candles. One can enter at current market price and hold for target of 530...
Seshasayee paper is forming symmetrical triangle pattern indicating volatility compression. Once the symmetrical triangle range broke out, one can take entry
1. Company almost debt free. 2. Stock is trading at 1.12 times its book value. 3. Good profit growth of 27.0% CAGR over last 5 years. 4. Debtor days have improved from 27.4 to 16.7 days. 5. Working capital req. reduced from 28.1 to 13.6 days. ❤ and follow?
Seshapaper more than 20% upside potential. Possible breakout of Cup and Handle formation. The view is for educational purposes only.
Seshasai appears to be in excellent form and is likely to continue the same trend it has been following since its recent low. A monthly closing above 285 could serve as a promising entry point. Additionally, the company has a strong fundamental foundation. Keep an eye on volumes in the next couple of trading sessions
SESHASAYE PAPER stock good for swing trading 1st target = 308 2nd target 328
monthly charts showing inverse h&s pattern strong fundamentals p/e 11 , intrinsic value 644 caution : revenue / dividend growth not steady for education purposes only
# ONLY FOR EDUCATIONAL PURPOSE!! On the daily chart some bullish divergence with higher highs are forming and the stock is respecting the trendline for long.. Buy only after a bullish candle formation!!
Seshasayee Paper and Boards (SPB), incorporated in June 1960, was promoted by Seshasayee Brothers (Pvt) Limited in association with a foreign collaborator M/s Parsons and Whittemore, South East Asia Inc, USA. After commencement of commercial production, having fulfilled their performance guarantee obligations, the foreign collaborators withdrew in 1969. SPB, the...
GIVEN A BREAKOUT ,ASCENDING TRENDLINE . 215-220 TGT . SUPPORT AOUND 160-165