Cup with Handle Breakout - Don't MissCrompton Greaves Con is involved in the business activities of Manufacture of electric lighting equipment.
The Stock broke out a trendline resistance and has almost completed its retesting. There is a Cup & Handle Formation on charts and the stock is ready to breakout. The stock from a technical standpoint is trading close to its 50DMA and comfortably placed above its 200DMA, around 15% above 200DMA. The RSI is at perfect levels.
The Company is fundamentally very strong with a very healthy Balance Sheet. The Company has posted best ever EPS and Sales figure in its Lifetime in the the last quarter of FY 2021. The Company is expected to boom in future with Make in India Initiative by the Government. Mutual Funds and FPI are extremely bullish on the stock which is evident from stake improvement. FPI has raised their stake from 29.925 in June 2020 to 39.18% in March 2021. Mutual Funds have also raised their stake from 24.6% in June 2020 to 27.9% in March 2021. FPI and Mutual Funds hold a combined stake of 67% in the Company.
Don't miss it here.
Feel free to share your feedback and queries. Do visit my profile for previous posts and follow me for upcoming ones
Growth-stocks
Investment Pick - Trend Reversal On ChartsLIC Housing Fi is involved in the business activities of Activities of specialized institutions granting credit for house purchases that also take deposits.
The stock from a technical standpoint is comfortably placed above its key moving averages, around 13% and 29% from 50DMA and 200DMA. It has recently broken out of a base in its weekly chart and is trading around 4% from the pivot point (which is the ideal buying range for a stock).
The Company is Fundamentally very sound with a very healthy Balance Sheet. An annual revenue growth of 13% is good, Pre-tax margin of 17% is great, ROE of 13% is good.
Keep Accumulating for Targets as suggested on charts with a time frame of atleast 2 Years.
Feel free to share your feedback and queries. Do visit my profile for previous posts and follow me for upcoming ones.
🔹AIA Engineering Ltd the hidden man🔹all observations mentioned in the chart
little risky guys
buy @1840-60 range
strict sl below 1780🙏🙏
trgt 1950-2085-2230🎯🎯
long term 2500++
note guys dont go with a sudden buy.just keep it on radar.dont know when it gives reversal, anyway wait for that reversal and go with a buy. 🙏🙏
💠 why i said it risky 💠
check the numbers(1-3) that I plottted in the chart
✔yes!! it's a down side head and shoulder
1- head
2- left shoulder
3- right shoulder
✔note that q3 is not much postive
💠 then WHY I shared it for short term ? 💠
✔till now stock moving beautifully in an uptrend line
✔silent accumulation going on
✔big hands accumulating stock
✔gradually increasing Y-O-Y profit
✔symmetric triangle
✔good growth expecting company
weekly chart👇👇
🍂about the company🍂
AIA Engineering is engaged in one of the worlds leading manufacturers of value-added, impact abrasion, and corrosion resistant High Chrome Mill Internals (HCMI).(Source : 201903 Annual Report