NATHBIOGEN - DESCENDING WEDGE BREAKOUT
Hi All,
This idea is about Nath Bio-Genes (India) Ltd
Mkt Cap - 495 Cr
Sales - 333 Cr
Mkt Cap / Sales = 1.49
ROE - 6.2%
ROCE - 6.8%
Promoter Holding - 45.6%
Quick Ratio - 1.3
D/E - 0.18
Technicals
The daily TF chart shows a positive breakout from a descending wedge pattern. This might mark a trend reversal scenario. With sector tailwinds behind, price can further rise to targets mentioned in the chart
Happy Trading,
Thanks,
Stock-n-Shine
This idea is about Nath Bio-Genes (India) Ltd
Mkt Cap - 495 Cr
Sales - 333 Cr
Mkt Cap / Sales = 1.49
ROE - 6.2%
ROCE - 6.8%
Promoter Holding - 45.6%
Quick Ratio - 1.3
D/E - 0.18
Technicals
The daily TF chart shows a positive breakout from a descending wedge pattern. This might mark a trend reversal scenario. With sector tailwinds behind, price can further rise to targets mentioned in the chart
Happy Trading,
Thanks,
Stock-n-Shine
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.
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.