India Glycols - Inverse head and shoulder breakout
Updated
India Glycols
Fundamentals
PEG Ratio - 3.4
PE 18 , less than Industry PE of 32
Int coverage ~3. D/E ~0.66
ROE, ROCE - Accepatable at 8-10%
Recent profit growth is very good
Technicals
Inverse head and shoulders pattern in weekly charts
Decent volumes in recent weeks
and CMP near ATH of 1088 and at 52WH
Target 1200>1300
Fundamentals
PEG Ratio - 3.4
PE 18 , less than Industry PE of 32
Int coverage ~3. D/E ~0.66
ROE, ROCE - Accepatable at 8-10%
Recent profit growth is very good
Technicals
Inverse head and shoulders pattern in weekly charts
Decent volumes in recent weeks
and CMP near ATH of 1088 and at 52WH
Target 1200>1300
Note
India Glycols 1200+ Excellent , up 20% in last 6-10 sessions.
Trade closed: target reached
India Glycols 1250+
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.