The company is the largest producer of shrimp feed in India with a market share of 45% in the domestic feed business & best technical support to the farmer and caters to the quality standards of global shrimp customers.
Shrimp Feed Business (78% of revenues)
Inverse Head & Shoulders:-
Inverse Head & Shoulders Recovery pattern is marked in yellow along with Target 670 (its also a resistance).
200 EMA on Weekly & Monthly Chart:-
Price is below 200 Weekly EMA (White Line).
Price is below 200 Monthly EMA (Yellow Line).
Both these Weekly and Monthly 200 EMA are approx at 450 level (which is a Strong Buy level).
Fundamentals:-
CMP is more than Book Value, Graham Number & Intrinsic Value.
Stock PE is Less than Industry PE.
Dividend giving stock.
ROCE & ROE Good.
Promoters holding is Good & No promoters are pledged.
Debt is too Less as compare to its reserves, almost a Debt free company.
Piotroski Score is 8 (Good).
Technical:-
Demand Zones are marked as Green shaded horizontal area.
Resistances are marked as red horizontal lines.
Stoploss is marked as orange horizontal line.
Trendline Resistance is Marked & Pink Circles indicate Reversal points from where price fell.
Inverse Head & Shoulders Recovery pattern is seen.
Price is expected to bounce from Demand Zone 1 or Demand Zone 2.
Good Volume is visible along with price accumulating within a zone.
RSI about to take Support at trendline Support which is also at RSI 50 level - which may act as Up Reversal level.
First Entry:-
Buy 490 - 450
Stoploss 400
Tgt 670 - 840 - 975
Second Entry:-
Buy 340 - 310
Stoploss 280
Tgt 450 - 560 - 670 - 840 - 975
This idea is for Educational purpose and paper trading only. Please consult your financial advisor before investing or making any position. Facts or Data given above may be slightly incorrect. We are not SEBI registered.
Shrimp Feed Business (78% of revenues)
Inverse Head & Shoulders:-
200 EMA on Weekly & Monthly Chart:-
Price is below 200 Monthly EMA (Yellow Line).
Both these Weekly and Monthly 200 EMA are approx at 450 level (which is a Strong Buy level).
Fundamentals:-
CMP is more than Book Value, Graham Number & Intrinsic Value.
Stock PE is Less than Industry PE.
Dividend giving stock.
ROCE & ROE Good.
Promoters holding is Good & No promoters are pledged.
Debt is too Less as compare to its reserves, almost a Debt free company.
Piotroski Score is 8 (Good).
Technical:-
Demand Zones are marked as Green shaded horizontal area.
Resistances are marked as red horizontal lines.
Stoploss is marked as orange horizontal line.
Trendline Resistance is Marked & Pink Circles indicate Reversal points from where price fell.
Inverse Head & Shoulders Recovery pattern is seen.
Price is expected to bounce from Demand Zone 1 or Demand Zone 2.
Good Volume is visible along with price accumulating within a zone.
RSI about to take Support at trendline Support which is also at RSI 50 level - which may act as Up Reversal level.
First Entry:-
Buy 490 - 450
Stoploss 400
Tgt 670 - 840 - 975
Second Entry:-
Buy 340 - 310
Stoploss 280
Tgt 450 - 560 - 670 - 840 - 975
This idea is for Educational purpose and paper trading only. Please consult your financial advisor before investing or making any position. Facts or Data given above may be slightly incorrect. We are not SEBI registered.