Greenpanel Industries (
GREENPANEL
) - Analysis done at 521, CMP 515.
Views (technical, fundamental)
• Very strong volume in Jan with 2MM (weekly average)
• LW avg volume > 1.5 times last month avg volume
• Daily RSI at 66 (CMP 515). Upward move can be sustained till 76-78
• Very strong support at 50 EMA
• Strong quarterly profit and sales growth
• Stable promoter share of 53%
• FIIs and MFs may increase stake further in Mar'22 quarter
• Strong real estate action with loan growth has been seen since Q2'21 especially with new home buyers. Movable and immovable furniture demand is robust and expected to remain strong
• Some down-move can come once RSI reaches close to 80, but shouldn't deter MT/LT investor
GREENPANEL
) - Analysis done at 521, CMP 515. Views (technical, fundamental)
• Very strong volume in Jan with 2MM (weekly average)
• LW avg volume > 1.5 times last month avg volume
• Daily RSI at 66 (CMP 515). Upward move can be sustained till 76-78
• Very strong support at 50 EMA
• Strong quarterly profit and sales growth
• Stable promoter share of 53%
• FIIs and MFs may increase stake further in Mar'22 quarter
• Strong real estate action with loan growth has been seen since Q2'21 especially with new home buyers. Movable and immovable furniture demand is robust and expected to remain strong
• Some down-move can come once RSI reaches close to 80, but shouldn't deter MT/LT investor
