akashbothra

Buy Inox Leisure

Long
NSE:INOXLEISUR   INOX LEISURE LTD
Inox Leisure has given a breakout above 326 which was it's resistance since Feb'18. The breakout is accompanied by above average volume and ADX is above 40 which is a very bullish sign. If I go by it's trailing twelve months financial figures then this company registered revenue growth of 17%, operating profit growth of 34% and EPS growth of 149% and it's PEG ratio is at 0.2, so fundamentally it is showing good growth, so it's a good buy from that point of view too. One can buy Inox with a stop loss at Rs .290. Happy Trading :)