I have shared a Buy idea in this stock on 2nd May @ 102 level. Today this stock made a high @ 136 and it is a clear breakout closing above 120 level. Still, it is a good chance for fresh entry after a breakout.
Traditionally, financial markets could not relax mainly because of one person. It is all about US President Donald Trump. Yesterday, he said that if the head of Sino, Xi Jinping, does not meet with him at the G-20 summit, the United States will impose additional tariffs on Chinese goods. So, as we warned, you should not relax and calm down. Accordingly, buying...
Fundamentally: Strong and Undervalued
Debt to Equity: 0.04
Consistent profit growth of 51% for last five years.
Stock shall move upto 2-3 times of it book value, indicating a price range of 550-750 in coming year ahead.
Technically: Recovery from downtrend
Positive Divergence observed on the chart, indicating an upside from current...
Current price is traded below of intrinsic value as per fundamental, Looks very fair at this level but should have to wait until demand zone reach
For a short term perspective strong support level is @ 23.76-23.35, SL @ 23.05
For Long term perspective we have a good demand level @ 22.50-21.90, SL@21.60
JSWENERGY price is trading in the range of intrinsic.
Buy now at this current price range 71-58, but the large demand is stand on the 44.30-35.00, SL is @32.00
above mention second level (44.30-35.00) this will be big reward zone.
Pls leave comment.
For the Long term investment purpose
I have found the intrinsic value for IGL @217.70 but the current price is above this rate. we just have to do wait and watch.
There is a very strong support level @313.85-300 if price break and global cues not support to energy sector so we have to wait until below best entry (Demand) level
Best demand level found @ 222.10-210,...
As per the Auto Index chart, it is consolidating in a downward diagonal channel, but there are companies in auto sector, (industrywise) which may outperform due to their strong fundamentals.
In Automobile Sector - Leading Companies Industrywise
1. AshokLeyland (Commercial Vehicle)
2. Jamna Auto/Automotive Axles (Auto Ancillaries)
3. VSTTractors/ Escorts ...