vst tillers : breakout trading candidateVST Tillers Tractors Ltd. is a leading manufacturer of power tillers and tractors in India. Here are seven points on its financial performance:
Consistent Revenue Growth: VST Tillers has demonstrated consistent revenue growth over the years, driven by its strong market presence and a diversified product portfolio.
Increasing Profitability: The company has achieved a steady improvement in profitability, with a focus on operational efficiency, cost control measures, and optimized production processes.
Robust Return on Equity (ROE): VST Tillers has maintained a healthy ROE, indicating efficient utilization of shareholders' funds and generating favorable returns for investors.
Strong Financial Position: The company has a strong financial position, reflected in its healthy liquidity ratios, low debt levels, and adequate cash reserves.
Growing Market Share: VST Tillers has been successful in expanding its market share in the power tiller and tractor segments, capturing a larger customer base and increasing its market presence.
Export Performance: The company has made significant strides in its export business, with a focus on diversifying its revenue streams and tapping into international markets, contributing to its overall financial performance.
Dividend Payments: VST Tillers has a track record of consistent dividend payments to its shareholders, demonstrating its commitment to sharing profits and providing returns to investors.
Please note that the financial performance of a company can be subject to market conditions, industry trends, and other external factors, and it is always recommended to refer to the latest financial reports and statements for a comprehensive understanding.
M-oscillator
NYKAA might be forming double bottom Nykaa share has been under constant beating from its listing.
Currently, the share is consolidating and it might form a double bottom pattern to bounce from 120-125 levels. RSI is already forming higher lows.
The major resistance is 145-150 levels above which the stock might show signs of reversal.
Idea shared is not a recommendation but just for educational purposes.
DCX systems showing early signs of retracement.Today's stock for analysis is DCXINDIA.
This stock was recently listed nearly 50% premium over the IPO issue price of 207. Since its listing, the stock is in continuous downtrend as seen on chart.
However, from past few days, we can see a retracement coming from levels of 150 in the stock. RSI positive divergence is also visible.
175-178 is a strong supply zone above which the stock can move quickly towards 193-195 levels which is its 38.2% retracement of downtrend.
Study the chart and kindly trade as per your own analysis.
Deepak Nitrite showing continuous sign of uptrend.I have added all my observations in the chart.
H - High
L - Low
HH - Higher high
HL - Higher lows
briefing all the points,
Technically
Stock is not in overbought zone.
No signs of divergence with respect to prices with RSI graph
50EMA line just crossing 100EMA line
Stock making higher highs and higher lows
no bearish candlestick patter visible on daily chart
Stock seems to be in uptrend
Stock above 200DMA
Fundamentally
1. Stock showed increased operating profit from last 3 quaters.
2. No cons visible on screener site.
3. Increased Investments from DIIs for last 2 quaters
Summary
Stock seems like is in uptrend, with no negative indicator in sight.