Reversal Trade Alert: Titagarh Rail System
Titagarh Rail System Analysis:
The stock is currently exhibiting a higher high and higher low formation on the weekly timeframe, indicating a potential bullish trend. It is approaching a strong support level and is also near the 200 EMA, which adds to the likelihood of a reversal.
However, it's important to note that confirmation of this reversal has yet to occur. Keep an eye on key levels and any indicators that may signal a shift in momentum.
PROS:
Company has reduced debt.
Company is almost debt free.
Company has delivered good profit growth of 84.5% CAGR over last 5 years
Company's median sales growth is 22.0% of last 10 years
Company's working capital requirements have reduced from 83.6 days to 64.6 days
CONS:
Stock is trading at 7.91 times its book value
Promoter holding has decreased over last quarter: -2.00%
Company has a low return on equity of 12.4% over last 3 years.
As always, do your own research or consult a financial advisor before making any decisions.
The stock is currently exhibiting a higher high and higher low formation on the weekly timeframe, indicating a potential bullish trend. It is approaching a strong support level and is also near the 200 EMA, which adds to the likelihood of a reversal.
However, it's important to note that confirmation of this reversal has yet to occur. Keep an eye on key levels and any indicators that may signal a shift in momentum.
PROS:
Company has reduced debt.
Company is almost debt free.
Company has delivered good profit growth of 84.5% CAGR over last 5 years
Company's median sales growth is 22.0% of last 10 years
Company's working capital requirements have reduced from 83.6 days to 64.6 days
CONS:
Stock is trading at 7.91 times its book value
Promoter holding has decreased over last quarter: -2.00%
Company has a low return on equity of 12.4% over last 3 years.
As always, do your own research or consult a financial advisor before making any decisions.
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