Here is one interesting case study showing that despite good fundamentals, some companies will underperform.
- SIS was listed at a price of 815 in 2017
- It later had a stock split from FV of Rs. 10/Share to Rs. 5/Share. For every share exchanged, Investors got 2 shares.
- So, technically with the current price chart (post-split), the adjusted listing price...
sis is looking very good and chances are very in favor of breaking this long resistance and will start its upward journey
STOCK FUNDAMENTALS:
PE-18
MKTCAP-6398
ROE-14.85%
DE- 0.71
It has been respecting the trend in a weekly timeframe from past few years and nearing to the trend after a pull back from an attempt made to breakout a few days ago.
Interested to see how it unfolds. may go long if it breaks out with strong volume with limited SL.
After the recent sudden spike, inspite of breaking the low, a volume spike with no time spent below the all time low, we can expect a steady accumulation once it spends some time in the support zone of 350-380
Bounces of the support zome will be a sign to accumulate and hold for an upmove.
Fundamentals are good, revenue has increased more than 10 times in 11 years but OPM dropped by 66% due to increase in employee cost which is concerning.
Borrowings increased to almost 100% but trade receivables & cash equivalents can make it up to 87.5%.
Technically price is about to reach the base of the big descending triangle as highlighted and forming strong...
SIS Ltd looks like a good buy as the stock has given a technical breakout with good volumes and has also retested the breakout level properly.
The stock can be bought in Range 540-550.
Target can be 590
StopLoss can be 510
Stock: SIS
Trade type: Short term
Entry: 540
Analysis: A beautiful stage strucutre, Prolonged consolidation can be seen, Just in a urge of breakout. If it so happen a good ROI is expected. Cup and handle can also be seen. Details on the chart.
SIS COMPANY is a reputed Indian Partnership Firm engaged in the business of production and import & export of buffalo meat. We possess Abattoir cum meat processing plant where our work is carried out under clean and hygienic environment.
