ELECTROSTEEL CASTINGS LTD

@ELECTROSTEEL CASTING LTD Price Breakout after long time(2008) with volume on weekly chart
Technical
RSI-Above 50
RS- Positive
Super Trend-Positive
Fundamental
Revenue-Good(Qtrly Basis)
EBITDA Margin- 10% to 15%
GP Margin-30% to 40%
PE-16(Below Sector PE 28)
D/E- 0.6( below 1)
Interest coverage ratio-2.45 time of Ebit
Strategy-Buy on Dip
Stop Loss- 2008 High(101 near about) or Super trend(weekly Basis)

Disclaimer-this analysis only for education purpose.
Not recommendation any sell or buy

Comment:

AFTER POST THIS...MINIMUM 35% RETURN

Trade active:

IN 2 MONTH 60%(MINIMUM) RETURN AFTER 14 DEC ANALYSIS...SO BOOK PARTIALLY PROFIT(ATLEAST 20 TO 30%) AND HOLD QUANTITY WITH STRICT STOP LOSS

Comment:

HOLD WITH STRICT STOPL LOSS
FUNDAMENTAL IS GOOD.

Trade active:

BE CAUSTIOUS
RSI-80 ABOVE(ON MONTHLY CHART)
RSI-75 ABOVE(ON WEEKLY CHART)
TAKE SOME PROFIT & HOLD WITH STRICT STOP LOSS