FLAG BREAKOUT: RESSELLIND (All Time High Volume) 🤩
Updated
📌 Levels are mentioned on chart for ❝Swing trading❞.
The stock has shown all time high volume along with the breakout from flag pattern .
📌 Rossell India is one of the best performing companies. It has two divisions -- Tea and Aerospace & Defence (Engineering, Manufacturing and Services). The company is 27 years old in the tea business, with tea estates mostly in Assam, and has done many acquisitions till date. The quality of their tea estate is also much better, if compared with other tea estates in India. And this is the reason their stocks are performing really good!
📌 Rossell India is a diversified company with two other divisions - aerospace and defence. And in both these divisions, it is doing extremely well. The company’s fundamentals are really good.
📌 The stocks are trading at a PE multiple of 11. For the past three years, the sales growth has been at 23-24 per cent, which is impressive. And the profit growth is 95 per cent for the past three years. Similarly, the profit growth for the past five years is 46-47 per cent. The profits for the June, September and December FY20 quarters were robust.
☆ Kindly like & share ➥ this pattern. Comment ⎚ with what do you think. Follow me @ tradingview for more updates and like the chart ❤!!!
The stock has shown all time high volume along with the breakout from flag pattern .
📌 Rossell India is one of the best performing companies. It has two divisions -- Tea and Aerospace & Defence (Engineering, Manufacturing and Services). The company is 27 years old in the tea business, with tea estates mostly in Assam, and has done many acquisitions till date. The quality of their tea estate is also much better, if compared with other tea estates in India. And this is the reason their stocks are performing really good!
📌 Rossell India is a diversified company with two other divisions - aerospace and defence. And in both these divisions, it is doing extremely well. The company’s fundamentals are really good.
📌 The stocks are trading at a PE multiple of 11. For the past three years, the sales growth has been at 23-24 per cent, which is impressive. And the profit growth is 95 per cent for the past three years. Similarly, the profit growth for the past five years is 46-47 per cent. The profits for the June, September and December FY20 quarters were robust.
☆ Kindly like & share ➥ this pattern. Comment ⎚ with what do you think. Follow me @ tradingview for more updates and like the chart ❤!!!
Note
Lot of accumulation happening at this price. Price may take off soon!Note
After a month of wait it finally took off!Trade active
Target 1 achievedNote
Target 2 done as well, 40% returns in 2 months!
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