Buy Menon Bearings Limited
Company:- Menon Bearings Limited
Rsi:- greater than 57
volume rising on green candle and lower volume on red candles.
Stock has given breakout of Jan 2022 level on 6th September and after that stock went in one sided upward rally. Now consolidating since 1 month.
Strong seems to be ready for another upward rally.
Buying range :- Accumulate Stock in range of 103-109
Target : 120
SL:- 98
Fundamentals:- Fundamentally company looks good
ROCE- 26
ROE- 23
Debt/equity:- 0.21
Promoter holding:- 71.2
Rsi:- greater than 57
volume rising on green candle and lower volume on red candles.
Stock has given breakout of Jan 2022 level on 6th September and after that stock went in one sided upward rally. Now consolidating since 1 month.
Strong seems to be ready for another upward rally.
Buying range :- Accumulate Stock in range of 103-109
Target : 120
SL:- 98
Fundamentals:- Fundamentally company looks good
ROCE- 26
ROE- 23
Debt/equity:- 0.21
Promoter holding:- 71.2
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