Ginni Filaments Cup and Handle - High Risk High Return

Jan 23, 2021

Cup & Handle
Breakout above 16 already confirmed
Target: 27 - 36

Strong Support Zone :18-16
Stop Loss : 16

Monthly Candle Sticks chart
Rounding Bottom Pattern BO with neckline at 16 already done
Next target is 27

Study Notes
Ginni Filaments Daily Line Chart
Resistance : 24-32-46
Support : 18-14
Ginni Filaments Weekly Line Chart
Resistance : 24-32-45
Support : 18-11
Ginni Filament Monthly Line Chart
Resistance : 24-35-49
Support : 19-17-13

May 6, 2021

Trade active

Target 1 - 27 Reached.
Hold for Target 2 - 36

May 14, 2021

Trade active

Ginni Filaments Results Update Q4FY21

YoY
Revenue: 778.41 cr vs 788.36 cr
Expenses: 668 cr vs 729 cr
Operating Profit: 110 cr vs 59 cr
OPM %: 14% vs 8%
PBT: 63.46 cr vs 9.22 cr
PAT: 41.29 cr vs 5.69 cr
EPS: 5.80 vs 0.81
CMP: 26.75
PE: 4.6

Debt down & Growth seen

This result alone should take Ginni beyond 40. A cool 50% upside.

Jun 25, 2021

Trade closed: target reached

25th June - 36 achieved..

All Targets Achieved..

100% Return in 6 Months