Eco Recycling cmp 1001.95 by the Daily Chart viewEco Recycling cmp 1001.95 by the Daily Chart view
- Support Zone 994 to 1014 Price Band
- Stock Price is well above Falling Resistance Trendline
- Support at 842 > 758 > 670 with Resistance at 1072 > 1161 > ATH 1215.10
- *Back to Back Bullish Rounding Bottom with the neckline at the Support Zone*
- *Price closure above the Support Zone supported by increasing Volumes would push towards ATH level*
Ecorecycling
Only e-waste management co. - ECORECOBSE:ECORECO
E-waste is one of the world's fastest rising waste streams since electronic equipment usage is linked to our socioeconomic development, technological advancements, and fashion and style. By 2020, the consumption of electronic gadgets is predicted to reach $ 400 billion (INR 25 lakh crores) due to rising demand for Digital India, Smart Cities, E-commerce, and M-commerce, among other things (as per Deity).
As one of the world's fastest developing countries, India will see a rapid increase in the amount of e-waste generated by both households and businesses, in addition to illegal imports, which is expected to rise to 15 million MT by 2020 from 3.2 million MT in 2015, with monetary recoveries of $ 4 billion (INR 25,000 crores) and expected to reach $ 20 billion (INR 125,000 crores) by 2020.
Eco Recycling Limited is India's first and leading professional E-waste Management Company that has set industry benchmarks time and again with its innovative & environment friendly disposal practices. It is also the only listed e-waste management company.
TTM EPS: 6.20
TTM PE: 19.44
Sector PE: 52.56
Book Value Per Share: 12.30
P/B: 9.80
Face Value: 10
Mkt Cap (Rs. Cr.): 232
Some Positives:
High Piotroski Score - Companies with strong financials
Promoters increasing shareholding QoQ
Rising Net Cash Flow and Cash from Operating activity
Company with high TTM EPS Growth
Strong Annual EPS Growth
Effectively using its capital to generate profit - RoCE improving in last 2 years
Growth in Net Profit with increasing Profit Margin (QoQ)
Growth in Quarterly Net Profit with increasing Profit Margin (YoY)
Company with Low Debt
Company reducing Debt
Company able to generate Net Cash - Improving Net Cash Flow for last 2 years
Company with Zero Promoter Pledge
Companies with rising net profit margins - quarterly as well as TTM basis
Some Negatives:
Nothing negative as such.
My Opinion: Numbers are fantastic. The recently results were higher both QoQ and YoY. The present market provides an excellent opportunity to accumulate this future multi-bagger.
NOT A RECOMMENDATION. JUST FOR EDUCATION. Thanks.
ECORECO - Long Setup, Move is ON..BSE:ECORECO
EURONEXT:NSE : 530643
✅ #ECORECO trading above Resistance of 254
✅ Next Resistance is at 315
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
ECORECO | Good for Long BSE:ECORECO
Cmp : 127.95
Entry : near 124
Target : 7%+ Always
Stop Loss: According to one's Risk Reward ratio
#Study, Learn & Earn.
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