Daily Chart Pattern
Breakout Candidate
Positive Volume Buildup
Share up on 20/50/100/200 EMA
Can give good 10% - 20 % gain
PROS
Company has been maintaining a healthy dividend payout of 28.24%
CONS
Stock is trading at 22.21 times its book value
Company might be capitalizing the interest cost
I am not a SEBI registered adviser. All the information provided by me are for educational/informational purposes only. Never invest more then 2 % Capital In Single trade. Trade on your own Risk and analysis
Breakout Candidate
Positive Volume Buildup
Share up on 20/50/100/200 EMA
Can give good 10% - 20 % gain
PROS
Company has been maintaining a healthy dividend payout of 28.24%
CONS
Stock is trading at 22.21 times its book value
Company might be capitalizing the interest cost
I am not a SEBI registered adviser. All the information provided by me are for educational/informational purposes only. Never invest more then 2 % Capital In Single trade. Trade on your own Risk and analysis