Last 5 years, net income has grown at a yearly rate of 93.15%, vs industry avg of 27.86%
ROCE & ROE > 17%
stock pe 12.4 whereas industry pe 27.4
ebt to equity 0.31
Promoter holding 53.6, no pledge
Price to book value
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Jindal Steel has broke out from the consolidation region and retested back, sustaining those levels can ensure next upswing.
Steel sector is having a good time, so it is always better to go with sectors that are leading the market to new highs
The media co owns DAINAK BHASKAR. It has given reversal signals in higher time frame suggesting 120 & then 175 as possible targets as long as it does not breach 85. It has minor resistance near 100. This is a medium term outlook based on weekly and monthly time frame
After reversing from a Bullish Harmonic Shark it has now given a breakout in weekly time frame as per Ichimoku which suggest further upside till 550 as long as it gives a weekly close above 485.
Coincidentally, the min expected retracement of 38% of the Bullish Shark is also in the same range along with a Bullish Harmonic Dragon which is running in daily time...
In daily time frame it has made an Evening Star Doji with a negative RSI divergence. It faces resistance at 215 and support now comes in at 195-190. View negates above 222.
Evening Star Doji is formed in an UPTREND, 1st candle is bullish one , 2nd candles is a DOJI candle above the body of the previous candle and 3rd candle is a bearish one below the DOJI...