1. Rexnord Electronics & Controls is engaged in the business of Manufacturing and sale of instrument cooling Fans and shaded pole motors used for industrial purpose.
2. This is a Microcap company with Market Cap of only Rs. 56.2 Cr.
3. Stock P/E is 20.1 that means valuations are very attractive.
4. Operating Profit Margin is on an average 11-12% which is very good...
On one side, the Double top indicates the chart to be Bearish. But on the other side, a rounding arc with good support and increase in volume leads this chart on the Bullish side. So I am on the neutral side.
If it breaks resistance with good volume then go for a short term to long term investment. But if it falls below the resistance, then wait for some dips to...
Based on the price action at the trendline support, a Long trade may be planned. The previous High can be set as the short term target. If the price goes higher than the previous High then trailing Stop Loss can be used to maximize the gains. This is easier said than done. I am the absolute worst at trailing the Stop Loss :). But practice !!!