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HMT

HMT is it going to be a Multiyear Breakout HMT Ltd The company is engaged in the manufacturing of Food Processing Machineries etc. After 14 Yrs of Consolidation, at breakout level. Only concern is lower circuit and upper circuit. Cmp 93.18. The company has shown a poor profit growth of -69.48% for the Past 3 years. Company has a poor ROE of 6.14% over the past 3 years. Company has a poor ROCE of 3.47% over the past 3 years Other Income was 2735 Mar 2024 which bring Net profit in profit. This information is NOT a recommendation to buy or sell
NSE:HMTLong
by Hussain_369
HMT - Weekly Chart AnalysisComing out of 30months base. A low cheat triggered last month (September2023) and there after cheat trigger was breached too. Volumes have started coming in since low cheat breakout. It has moved more than 50% since the low cheat. and now it is heading for pivot. Remember pivot is not yet formed. So do not hurry to enter and wait for proper entry setup. 43-51 is small resistance/supply zone. Stock is trading above all its key moving averages. Trend based fib levels comes out as 54 - 63 - 74 in the future. Disclaimer: This is just an analysis and not a buy/sell recommendation. If you intend to trade this counter then do your own due diligence and trade at your own risk.
NSE:HMTLong
by marketmoneymohmaya