Himatsingka Seide Ltd (HIMATSEIDE) W PATTERN ON MONTHLY TF
W PATTERN ON MONTHLT TIMEFRAME FOR HIMATSEIDE (Himatsingka Seide Ltd)
FUNDAMANETALS:
Company undertook major capital expenditure programme that took 3-4 years to complete. It committed investments of approximately 2,500 crores and all three projects were commissioned on schedule. All of these facilities were developed in Hassan (Karnataka). This capex programme increased company's Fixed Assets by 3 times in the last 3-4 years.
OPERATING PROFIT HAS REDUCED. MUCH LIKELY DUE TO HUGE CAPTIAL EXPENDITURE FOR EXPANSION.
TECHNICALS:
CROSSING 20SMA ON MONTHLY TIMEFRAME.
CROSSED 20SMA & 50SMA ON WEEKLY TIMEFRAME.
100SMA & 200 SMA CAN BE A HURDLE FOR LONG POSITION.
TREND LINES SUPPORT RESISTANCES ARE MARKED ON THE CHART.
VIEW: LONG
TIMEFRAME: MONTHLY
SL: 110
TARGET 1 (W NECKLINE): 278
TARGET 2: 400
FUNDAMANETALS:
Company undertook major capital expenditure programme that took 3-4 years to complete. It committed investments of approximately 2,500 crores and all three projects were commissioned on schedule. All of these facilities were developed in Hassan (Karnataka). This capex programme increased company's Fixed Assets by 3 times in the last 3-4 years.
OPERATING PROFIT HAS REDUCED. MUCH LIKELY DUE TO HUGE CAPTIAL EXPENDITURE FOR EXPANSION.
TECHNICALS:
CROSSING 20SMA ON MONTHLY TIMEFRAME.
CROSSED 20SMA & 50SMA ON WEEKLY TIMEFRAME.
100SMA & 200 SMA CAN BE A HURDLE FOR LONG POSITION.
TREND LINES SUPPORT RESISTANCES ARE MARKED ON THE CHART.
VIEW: LONG
TIMEFRAME: MONTHLY
SL: 110
TARGET 1 (W NECKLINE): 278
TARGET 2: 400