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
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Trade active
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SL at 395
Comment
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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