Fundamental-analysis
CUMMINSIND - SWING TRADE The stock is consolidating in a range for over a month BUY If sustain above 1258 target is 1290
Disclaimer: This idea is for educational purpose and kindly buy as per your risk management.
FUNDAMENTAL INFORMATON ABOUT COMPANY :-
Cummins India Ltd. engages in the manufacture, design, and distribution of diesel and alternative fuel engines. The firm also offers electronics, emission solutions, filtration, fuel
Laxmi Organic Industries Limited ABOUT
Laxmi Organic Industries Limited was established in 1989 and is in the business of specialty chemicals. The Company primarily manufactures Ethyl Acetate, Acetic Acid and Diketene Derivative Products (DDP). DDP is a specialty chemical group, the technology and business of which has been acquired by the company from Clariant Chemicals India Limited.
The company’s business operations are carried in over 30 countries including 11 offices located in India
PROS
Company is expected to give good quarter
Company has delivered good profit growth of 29.0% CAGR over last 5 years
CONS
Stock is trading at 7.82 times its book value
Promoter holding has decreased over last quarter: -0.39%
Bullish pennant pattern breakout in COLPAL.COLPAL stock as seen in today's trading session was trading in bullish pennant pattern from last few days. It has given breakout inn today's trading session. So we can take a breakout entry above 1652+ and place their long target at 1765+ with a stoploss at 1626-.
Symmetrical triangle pattern in BALKRISIND.Discription:
Stock Name: BALKRISIND
Chart Pattern: Symmetrical triangle pattern
Time Frame: 1W
Entry : Reversal Entry (From Support level)
Targets: Reversal Target 2300+(upto resistance level)
and this can be extend for upside upto 3425+ in case this stock is sustain above 2300+ level.
Invest in Marico?Personal, I am waiting for MARICO to drop below 510rs in the near future for my first entry into the company. Marico has a complete dominance in the oil industry, and right now, Marico is heavily focused on their Saffola brand, with an aim to generate 850cr in revenue from the brand.
And the earnings from saffola in 2022 is extremely strong and expanding.
uptrend parallel channel pattern in TRENT.Discription:
Stock Name: TRENT
Chart Pattern: uptrend parallel channel pattern
Time Frame: 1 Hour
Entry: Reversal entry from support level
Breakout entry above 1460
Reversal entry from resistance level 1455-
Targets: Reversal Target 1460+ (resistance level)
Breakout target 1522+
Reversal target 1415- (support level)