very big breakout of multiyear resistance
price has recently broke resistance level
not much candles have sustained above or near resistance level so price might fall back below level or make a base or may keep going up...
mcap 94.7cr
stock pe 15 < industry pe 24.2
cmp 105 > book value 59.5
dividend yield 0.94%
debt to eq 1.15
promoter holding 64.2% vs 61.81% in MARCH 2017
took very small position because it has not formed any base around resistance level so i am not much confident and also because balance sheet is not much strong but company has reduced debt slowly
will add if good base is formed
target not defined but if it forms strong base then 1st target is 5x
will add/reduce accordingly
price has recently broke resistance level
not much candles have sustained above or near resistance level so price might fall back below level or make a base or may keep going up...
mcap 94.7cr
stock pe 15 < industry pe 24.2
cmp 105 > book value 59.5
dividend yield 0.94%
debt to eq 1.15
promoter holding 64.2% vs 61.81% in MARCH 2017
took very small position because it has not formed any base around resistance level so i am not much confident and also because balance sheet is not much strong but company has reduced debt slowly
will add if good base is formed
target not defined but if it forms strong base then 1st target is 5x
will add/reduce accordingly