NMDC has announced bonus share and stock has given breakoutHello Everyone, i hope you all will be doing good in your life and your trading as well. Today i have brought another stock which has given breakout of falling trendline on the news of bonus share announcement. Stock is technically and fundamentally good company. I am expecting 30-35% rally in this. Stock is ready to fly in blue sky. NMDC is engaged in exploration and production of Iron Ore along with Diamond, production and sale of Sponge Iron and generation and sale of Wind Power.
A Navratna company
National Mineral Development Corporation (NMDC) was established in the year 1958 as a fully owned government company under the administrative control of the Ministry of steel and is one of the most profitable ones among the Navratna companies.
Forward Integration
NMDC is one of the world’s low-cost Iron ore producers and they have ventured into the steel-making business to benefit from their ability to procure Iron ore at a cheaper price. The company has procured 2000 Acres of land in Chattisgarh to set up a steel plant with a manufacturing capacity of 3 MTPA and the facility will be the largest Blast furnace in India with a capacity of 4506 Cum.
Market Cap
₹ 68,796 Cr.
Current Price
₹ 235
High / Low
₹ 286 / 160
Stock P/E
11.2
Book Value
₹ 87.5
Dividend Yield
3.11 %
ROCE
30.9 %
ROE
23.9 %
Face Value
₹ 1.00
Industry PE
20.7
Debt
₹ 3,359 Cr.
EPS
₹ 20.1
Promoter holding
60.8 %
Intrinsic Value
₹ 470
Pledged percentage
0.00 %
EVEBITDA
6.58
Change in Prom Hold
0.00 %
Profit Var 5Yrs
4.67 %
Sales growth 5Years
11.9 %
Return over 5years
22.2 %
Debt to equity
0.13
Net profit
₹ 5,887 Cr.
ROE 5Yr
24.0 %
Profit growth
23.1 %
Earnings yield
15.2 %
PEG Ratio
2.39
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
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Bullishtrade
Mastering Trade Setup with simplicity of dow theorySimplifying Trade Strategies with Dow Theory Wisdom
Welcome to the world of trading, where the Dow Theory can be your trusty guide. Let's break down an easy trade strategy that suits different market situations.
Dow Theory Insights
Dow Theory, a key tool in technical analysis, says understanding trends is crucial. Figuring out the trend is where we start, setting the stage for smart trade decisions.
Bullish View
If we're feeling positive
Higher Lows: Check if prices keep going up.
Near Support: Make sure prices are close to a support zone.
Reversal Signs: Look for any candle patterns signaling a turnaround.
Buying Setup:
Stoploss: Think of it like a safety net, set it at the recent lowest point.
Execute a buy trade when these factors line up, always keeping an eye on that stoploss.
Bearish View
If we're feeling negative
Lower Highs: Check if prices keep going down.
Near Resistance: Make sure prices are close to a resistance zone.
Reversal Hints: Look for any candle patterns signaling a potential shift.
Selling Setup:
Stoploss: Your safety measure, set it at the recent highest point.
Execute a sell trade when these conditions come together, always mindful of that stoploss.
Sideways View
For a market that's just hanging out
Draw Lines: Sketch lines above and below the current prices (Support and Resistence Trendlines)
Be Patient: Hang tight until prices break above or below those lines.
Only jump into a trade when the market decides where it's going.
In the lively world of trading, Dow Theory keeps us wise. By using these strategies, along with clever stoploss placements, you can navigate the markets with ease
This post is for educational purposes only. Trading involves risk, and past performance is not indicative of future results. Always do your research and consider consulting a financial advisor before making any investment decisions. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Hope this post is helpful to community
Thanks
RK💕
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
Massive Inverted Head & Shoulder Break in Cignittec weekly chartA massive Inverted Head and Shoulder breakout is about to happen any time on closing basis, above 635 for a target of 900. I will mention the Stop loss After completion of the successful breakout.
I will keep you posted.
Please share your thoughts/opinions....very important to me.....