L G Balakrishnan & Bros Ltd Investment Opportunity
Fundamentals -This Stock is a fundamentally strong stock(i.e. consistent financial performance and quality management). Piotroski Score of 8 indicates the same.
Technical Analysis- On Weekly Time frame it forming a perfect rounding bottom pattern. Stock has given retest for the breakout( breakout candle 10th Jan 2022)
ADX conformation as well and stock trading above 20 EMA in all the T.F. and 200 EMA in daily T.F.
Target- 930 Stoploss-600
Riskreward Ratio-2.77
Note:- Stoploss to be taken on the closing basis
Technical Analysis- On Weekly Time frame it forming a perfect rounding bottom pattern. Stock has given retest for the breakout( breakout candle 10th Jan 2022)
ADX conformation as well and stock trading above 20 EMA in all the T.F. and 200 EMA in daily T.F.
Target- 930 Stoploss-600
Riskreward Ratio-2.77
Note:- Stoploss to be taken on the closing basis
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