KM Sugar Mills: Pure Technical PlayNSE:KMSUGAR is looking on the verge of a breakout. A stop loss at Rs.42 would do well in this case. This is a pure technical chart structure sort of a pick and hence, following the stop loss is very crucial. For investors/traders already holding, keep a stop loss at 36-37.
KMSUGAR
KMSUGAR - Another breakout sugar stockNSE:KMSUGAR
K.M. Sugar Mills Ltd. Is engaged in the manufacturing of sugar. It manufactures white crystal sugar, which is used for human consumption and in the industries, such as food, beverage and soft drinks.
TTM EPS: 4.43
TTM PE: 9.44
Sector PE: 20.61
Book Value Per Share: 23.20
P/B: 1.81
Face Value: 2
Mkt Cap (Rs. Cr.): 384
Some Positives:
Rising Net Cash Flow and Cash from Operating activity
Company with high TTM EPS Growth
New 52 Week High
Growth in Quarterly Net Profit with increasing Profit Margin (YoY)
Company able to generate Net Cash - Improving Net Cash Flow for last 2 years
Book Value per share Improving for last 2 years
Company with Zero Promoter Pledge
Stock gained more than 20% in one month
Strong Momentum: Price above short, medium and long term moving averages
Some Negatives:
Decline in Net Profit (QoQ)
Declining profits every quarter for the past 2 quarters
NOT A RECOMMENDATION. JUST FOR EDUCATION.
#KOLTEPATIL CMP 247 #Target 287(17%) #ModiSpeech #trading #niftyWeekly Chart
#KOLTEPATIL
NSE: KOLTEPATIL
CMP 247.15
Target 1: 268
Target 2: 287
SL 226
RR Ratio > 2
Time Frame < 30 D
The BONUS:
The stock is picked up not for this small target.
The Long Term Target is Rs . 350
This might take around 9-12 months from now.
ITS A BULL MARKET RALLY. Bullish on whole INDIA!
Factors:
Inverted Head & Shoulder Pattern Forming
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
KM SUGARNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
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Keep an eye ladies and gentlemen. Cheers and Happy Trading