ROTO - RISING WEDGE BREAKOUT (POTENTIAL FOR UPSIDE)

Hi All,

This is about Roto Pumps

Fundamentals:

Market Cap - 1680 Cr
Stock PE - 42.9
EPS - 12.5
ROCE - 24.4%
ROE - 22%
Promoter Holding - 67.3%
Quick Ratio - 1.35
D/E - 0.27

Technicals:

Strong chart since Nov 22. Price action was moving in the pattern of rising wedge but recently given a strong breakout on good volumes which can take the price to higher levels very soon

Demand seems to be exceeding supply & should witness less profit booking taking the stock price sharply towards north side

Hope you enjoy this idea,

Happy Trading,

Thanks,
Stock-n-Shine