The stock has been forming a cup&handle pattern since 2008. The cup was formed and ready in 2024 post that handle has been forming and now it has given a good breakout with pretty satisfying and reliable volume surge.
The profitability and the sales are hitting a new high so is the stock price.
However one red flag is the company has 100% pledged it's holding, other than this the company looks a good bet to yield a quick 100% returns.
The company is the flagship company of NECO Group of Industries. Started in 1976 as a small-scale Iron Foundry unit, Jayaswal Neco Industries Limited (Foundry Division) is now a producer of Iron & steel castings. The Company is engaged in the manufacturing and supply of billets, rolled products, pig iron & skull, sponge iron, pellet, steel, and Iron & steel castings
The profitability and the sales are hitting a new high so is the stock price.
However one red flag is the company has 100% pledged it's holding, other than this the company looks a good bet to yield a quick 100% returns.
The company is the flagship company of NECO Group of Industries. Started in 1976 as a small-scale Iron Foundry unit, Jayaswal Neco Industries Limited (Foundry Division) is now a producer of Iron & steel castings. The Company is engaged in the manufacturing and supply of billets, rolled products, pig iron & skull, sponge iron, pellet, steel, and Iron & steel castings
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免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。