JTLIND cmp 230.20Delivery Buy Entry 225.20 Target 240, 251, 260 Time frame 1 - 3 Months Longby MaideenUpdated 3310
JTL INDIA | Competitor for APL Apollo Tubes JTL India looking impressive If it breaks 252-253 levels then we can have a quick momentum gain in next 1-2 days Disclaimer: Views are personal and not buy/sell recommendations Not SEBI registered. Consult your advisor bedore investing Longby charttraderhere0
JTL - still good to enterBreakout for JTL industries on daily charts. Can enter some long here.Longby Cloud9Stocks1
Techno Funda analysis of JTL Industries LimitedTechno Funda analysis of JTL Industries Limited According to the company website this organization is one the largest producer of Electric Resistance Welded (ERW) steel pipes including one of the largest section pipe & tube manufacturers in India, with a capacity to produce more than 6 Lakh Metric Tones per annum. It caters extensively to the region and exports to various countries globally. The company’s vast distribution network is spread across India, having branch offices in Delhi, Mumbai & Chandigarh, making it one of the leading GI pipe manufacturers in India. Fundamental Analysis This stock is currently trading at 213, with all time high at 229. PE- 34.8, Book Value- 24.1, ROCE-34.6 and ROE 30.1. Providing a proper CAGR of nearly 62% over last 5 years, and medium sales growth of 19% in last 10 years. Comparing to it’s peer’s PE is some extant in higher side, with lower dividend yield. Sectorial PE is 22.19 and PB 2.95, which is lower compare to this counter. Net cash flow is incremental, and promoter holding is increasing in last three quarters, with 56.2 % promoter holding, .72 and .7 % with FII and DII, and rest with retailers. So fundamentally this stock is okey to start investing, with lower quantities with a scope of accumulation later on after price correction. Technical analysis- On monthly time frame- RSI is at 80, which is alarming, and a proper correction can be expected which reflects in lower time frame, where it started showing some corrective nature. And obviously stock is trading way above its standard medians. Proper price for buying- For investing purpose- we can start adding this stock to our portfolio, with a very limited quantity, with no hope of profit in recent future, later on we may accumulate it further at 197, 180 and later at 153 if price touches these levels, after of course proper verification of the reason of fall. *Personal opinion, not an advice* by rahulbora113
JTLIND showing some strength!!!The stock has offered a lot to its investors till now! It has been moving quietly taking support between 100ema and 200ema! A event is coming up for the company and we can expect for some positive moves! The range is between 285-350! Hence, you already know my stoploss! Will be targeting 400 if the range is broken and will trail sl further for 0.786 fibo levels! Long in it!!!Longby G_PLUS_PLUS4
High probablity entry may arise in JTL Infra LtdGo long if it breaks the resistance level marked. keep trailing Stoploss.JLongby dhirajluwang17731