The company is India’s largest kitchenware company & it was founded in 1928. Prestige is a leading brand in Pressure cookers, Cookware, Value-added Gas Stoves, Induction Cooktops & Rice Cookers. Its an Old & Established brand.
Fundamentals:- CMP is more than Book Value, Graham Number & Intrinsic Value. Debt is very less as compare to its reserves. Dividend giving stock. ROCE & ROE Good. Stock PE is below Industry PE. Promoters holding is very Good & No promoters are pledged. Piotroski Score is 4 (Low).
Technical:- Supports are marked as green horizontal lines. Resistances are marked as red horizontal lines. Stoploss is marked as orange horizontal line. Price has given Triangle Breakdown on Monthly Chart (Pink Triangle). Price is below 200 Weekly EMA (White Line). Price took support at 200 weekly EMA many times (Marked as Stars). Price is above 200 Monthly EMA (Yellow Line). 200 Monthly EMA coincide with 408 Support level making it a strong reversal point. RSI took support many times on RSI 40 level on monthly chart (Skyblue). RSI is facing resistance at Resistance Trendline marked in Pink. Expecting price to fall till RSI reach 40 or 30 on Monthly chart.
This idea is for Educational purpose and paper trading only. Please consult your financial advisor before investing or making any position. Facts or Data given above may be slightly incorrect. We are not SEBI registered.
Can you explain this analysis? You are suggesting that the price can drop from current level of 690+ to 575 or below, but why is this showing "Long" icon? shouldn't it be "Short" ?