Fundamental Analysis:
1) Segment - Zinc- lead mining and smelting
2) PE -11.1
3) Debt to Equity - 0.08(Promoter pledged 85% of share)
4) ROE -28
5) Sales Doubles in last three years
Trend:
unable to close( monthly TF) above the previous swing high ( lot of rejection)
Rejection from level of 1.236 level of FIB.
Two possibility from this level
option 1: Since it took a support from trend line , It can move higher from this level
Stop loss- 245
Target -415
Option 2:
It make break the trend line and move downward
Target -218(0.5 level of Fib)
1) Segment - Zinc- lead mining and smelting
2) PE -11.1
3) Debt to Equity - 0.08(Promoter pledged 85% of share)
4) ROE -28
5) Sales Doubles in last three years
Trend:
unable to close( monthly TF) above the previous swing high ( lot of rejection)
Rejection from level of 1.236 level of FIB.
Two possibility from this level
option 1: Since it took a support from trend line , It can move higher from this level
Stop loss- 245
Target -415
Option 2:
It make break the trend line and move downward
Target -218(0.5 level of Fib)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.