nikhilgodhani

[TECHNO FUNDA PICK]DHANUKA AGRITECH LTD

Long
NSE:DHANUKA   DHANUKA AGRITECH
Good Structure observed in Dhanuka
volumes picking up in uptrend and dry up in consolidation
For momentum players
Above 956
add till 810( Fibonacci retracement level)
Weak below 610
Target 1250-1300-1400

For Long Term investing
Buy at CMP
Add on dip
and weak if close below 200 SMA

Very good Fundamentals ::--

Market Cap-- ₹ 4,218 Cr .
Stock P/E-- 20.0
ROCE-- 37.8 %
ROE-- 28.0 %
Company is almost debt free.
Mcap FF ( Cr .)-- 1,054.24

Please maintain SL closing basis as this is small cap stock
Risk 1-3% of your capital(so plan position sizing base on this)
My trading view ideas past accuracy around 71%(Please maintain your SL)

Comments

good analysis, I have made positions in it, as it was completing the cup
+1 Reply
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