015 Rupa & Company Ltd, Long Term Buy 05-Aug-2021
Rupa & Company Limited is engaged in the manufacture of knitted apparel, including hosiery. The Company offers textile, leather and other apparel products.
Major Brands: There are 18 sub-brands under brand Rupa -Frontline, Jon, Air, Macroman, Euro, Bumchums, Torrido, Thermocot, Kidline, Footline, Softline, among others.
Company is expected to give good quarter
The company has delivered good profit growth of 21.56% CAGR over last 5 years
The company has been maintaining a healthy dividend payout of 31.15%
- Monthly
- Closing above the all-time high i.e. 500 RS
- Monthly Closing with RunAway Gap
- From the CMO Chande Momentum oscillator the monthly momentum line is crossing 25 and its ranging betweek 75-80, so likely to maintain the up-trend.
- From the OBV chart it is a breakout to the previous volume high at 396,
- Weekly
- Previous resistance at 485 Rs, it is consolidation about this resistance value
- After 485 it is likely to continue a UP trend.
- 1st target for UP trend T1 is at 650 and the next target T2 1020, Keep a strict stop loss at 393.00
www . tradingview . com/x/5dDwWd9M/
www . tradingview . com/x/wlhYudoq/
Rupa & Company Limited is engaged in the manufacture of knitted apparel, including hosiery. The Company offers textile, leather and other apparel products.
Major Brands: There are 18 sub-brands under brand Rupa -Frontline, Jon, Air, Macroman, Euro, Bumchums, Torrido, Thermocot, Kidline, Footline, Softline, among others.
Company is expected to give good quarter
The company has delivered good profit growth of 21.56% CAGR over last 5 years
The company has been maintaining a healthy dividend payout of 31.15%
- Monthly
- Closing above the all-time high i.e. 500 RS
- Monthly Closing with RunAway Gap
- From the CMO Chande Momentum oscillator the monthly momentum line is crossing 25 and its ranging betweek 75-80, so likely to maintain the up-trend.
- From the OBV chart it is a breakout to the previous volume high at 396,
- Weekly
- Previous resistance at 485 Rs, it is consolidation about this resistance value
- After 485 it is likely to continue a UP trend.
- 1st target for UP trend T1 is at 650 and the next target T2 1020, Keep a strict stop loss at 393.00
www . tradingview . com/x/5dDwWd9M/
www . tradingview . com/x/wlhYudoq/
Trade active:
SL at 395
Comment:
The RUPA share has lost its momentum waiting for this to hit the SL and or lets see, if it turns to be positive at 400 level
Comment:
new chart /KioTriYC/
