Schneider Electric Infrastructure Ltd - Turnaround Stock

#Schneider
CMP : ₹.436/-
Date : 12-01-2024

Schneider Electric Infrastructure Ltd is engaged in the manufacturing and designing of advanced products and systems of electricity network business. A high risk company in terms of fundamental parameters. A high debt company with declining net cash flow , poor sales growth , increasing debtor days , inventory cycle period etc. But technically it's looking very good. A turnaround performance has seen in the movement of this stock from 2021 and which was boosted by government's push towards the power sector . Stock has given a stellar return in 2021 & 2022 . This bullish mode will be continued. A breakout in the round bottom pattern which have an age of more than 10 years have been identified in the charts. The stock is near its more than 1year long resistance trend line. If the volume supports and it breaks the trend line, then have a possibility to move towards ₹.1000. Stoploss below ₹.410 level.

Disclaimer : Post only for educational purpose. Not a buying / selling recommendation. This is only my personal view. I am not a SEBI registered analyst . Do your own analysis and act accordingly