TradingView
prabu_view
Dec 3, 2021 2:22 AM

Technically strong - 2x return can give Long

ADITYA BIRLA CAPITNSE

Description

Pros:
Technically good base created, and every raise volume also getting increased
Sales is improving on QoQ
Profit and ROE got improved
Debt is decreasing

Cons
Debt on Equity ratio is 3.8
Current Ratio below 1


Fundamentally neutral stock, but based on technical, it good candidate. Also in this sector many stocks are already outperforming

Note: Educational purpose not for buy/sell recommendations.

Comment

We got good entry as expected as soon as posting this
Comments
Nagendranani
2x means i cant understand
prabu_view
@Nagendranani, if you buy the stock at 100, after that if stock moves to 300. Your return will be 2 times.
More