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Strong Break Out Techno Funda Stock - Cera Sanitaryware

Long
NSE:CERA   CERA SANITARYWARE
Hello Everyone,
Let's have a look at the weekly chart of Cera Sanitaryware, you can see the stock has come out after consolidation in a range (3700-4140) & this week given a stong breakout. You can also have a look on Daily charts which can give you clear picture of range consolidation. The stock is presently trading arround 4500 levels and we can expect the stock to move towards 4934-5265-6900 in coming 6-9 months time.
Strong Rise in Demand expected after Covid-19 unlock & the company is having very good fundamentals most important the company is almost debt free, company reserves are rising every year, rise in EPS is a good sign. Promoter Holding is 54.48%, FII & DII holding about 26% and remaining with public.
So all these factors all together giving us confidence in this company so once can think of investing in this company after detailed study.
The contents posted here are only for Educational Purpose.
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