Scrip price action can be seen taking a pullback after almost bearish bat pattern (although coordinates arent perfect)
Expecting the scrip to surpass 52-week highs this time after reversal owing to its strong fundamentals and growth chart.
Noticing the current price action, The scrip is being pulled back due to Nifty midcap taking a hit during past few sessions. Would plan to buy on dips near support levels
Pros:
1) Sufficient Reserves with borrowings (debt) coming down drastically and low percentage of stocks pledged
2) Stellar Q4 results posted :
forum.valuepickr.com...354ab4b3c37a9482.jpg
3) Strong macro factor to support growth and expansion with Tyremakers in India line up aggressive capacity expansion plans
www.business-standar...-118050600755_1.html
4) The stock has stakeholding of known investors like Dolly Khanna, DIIs increasing stake in march.18
www.valueresear...ing_pattern.asp?code=2622
Technical factors given in chart..
Cons:
1) Couldnt see much cons..
One can invest as long term investors should show conviction in the largest rubber chemical company aiming for 52-week highs or higher..
Expecting the scrip to surpass 52-week highs this time after reversal owing to its strong fundamentals and growth chart.
Noticing the current price action, The scrip is being pulled back due to Nifty midcap taking a hit during past few sessions. Would plan to buy on dips near support levels
Pros:
1) Sufficient Reserves with borrowings (debt) coming down drastically and low percentage of stocks pledged
2) Stellar Q4 results posted :
forum.valuepickr.com...354ab4b3c37a9482.jpg
3) Strong macro factor to support growth and expansion with Tyremakers in India line up aggressive capacity expansion plans
www.business-standar...-118050600755_1.html
4) The stock has stakeholding of known investors like Dolly Khanna, DIIs increasing stake in march.18
www.valueresear...ing_pattern.asp?code=2622
Technical factors given in chart..
Cons:
1) Couldnt see much cons..
One can invest as long term investors should show conviction in the largest rubber chemical company aiming for 52-week highs or higher..
การซื้อขายยังคงดำเนินอยู่:
Having invested at dips after company posted good progressive Q1 results - www.indiainfoline.co...-118072500571_1.html
The scrip can be shown moving in ascending triangle pattern
in.tradingview.com/chart/Zwmd86dy/
The scrip can be shown moving in ascending triangle pattern
in.tradingview.com/chart/Zwmd86dy/
ความคิดเห็น:
Would prefer to enter at approproate price levels around support