amankavi
Long

Everest - Bullish small cap (investment)

NSE:EVERESTIND   EVEREST INDUSTRIES
Scrip has given breakout from right leg of inverted H&S pattern and gap has occured however, Breakaway gap is necessary to see the bullish momentum and for scrip to reach new highs after 52-week high

Target price aimed for if the scrip manages to attain breakaway gap surge

Bullish momentum sign
1) SMA - Price range is above SMA-15 and SMA-200 and SMA-15 is above SMA-200 which gives strength to ongoing momentum
2) Didnt get affected much during recent NIFTY corrections
3) Volume increase during past few sessions
4) Future forecast Company fundamentals strong for mere future due to several govt . reforms in pipeline for specific sector. Ace investors have also invested in the stock:-
http://rakesh-jhunjhunwala.in/vijay-kedi...

Rest in charts

https://www.screener.in/company/EVERESTI...

Risk to reward ratio favorable with Price to book value: 1.75 and Price to Sales: 0.54
Comment: Due to some relative bug in the site, Similar idea has been posted twice so this can ignored for now
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