Keep an eye on Metal stocks the Index brekout bound to happen . JSW steel is breaking out with volumes :
NIFTY target 17500 , JSW targets as shown . ==================================================================================== Fundamental : Revenue 20.3% NetProfit 39.3% OperatingProfit 27.2% Strong Annual EPS Growth Effectively using its capital to generate profit - RoCE improving in last 2 years Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year Efficient in managing Assets to generate Profits - ROA improving since last 2 year Strong cash generating ability from core business - Improving Cash Flow from operation for last 2 years Annual Net Profits improving for last 2 years Book Value per share Improving for last 2 years FII / FPI or Institutions increasing their shareholding ======================================================================================= ## F&O data suggests Short Covering today ## Positive Breakout Second Resistance ( LTP > R2) ## Stock with Low PE (PE < = 10) ## RSI indicating price strength
Note
Metal Sector done . huge profits in the sector . getting ready for targtes till 725
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