NAVNEET EDUCATION -SWING TRADE1. Good consolidation of 9 months
2. Strong breakout candle
3. Volume Pop
4. Good risk-reward setup
Navneeteducation
NAVNEET EDUCATIONCompany has reduced debt.
Company is almost debt free.
Company has been maintaining a healthy dividend payout of 38.2%
Navneet Education Limited is primarily into manufacturing and trading of education books, reference books, technical & professional books in paper form and e-learning form, and also paper and non-paper based stationery products
Co. has a dominant market share of ~65% in western India. The company serves 5 Mediums/Languages for State Board Publications including CBSE/ICSE
Co. has 600+ SKUs for 30+ countries. Out of this, 60% of the total stationery exports are from the US market making it the most important market. Walmart is a preferred client.
NAVNEET EDUCATION - 57% RETURNS!!!BUY - NAVNEET EDUCATION
CMP - Rs. 91
Target - 1: Rs. 125
Target - 2: Rs. 145
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Technicals - 1) Harmonic Patterns - Bullish Bat
2) Fibonacci Retracements to identify potential targets.
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Comment: 1) Stock is in consolidation.
2) Target 2 will be achieved after 1 year.
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NavneetEducation#NavneetEDUCATION
Massive Volume breakout
In Stage 2 as per stage analysis
Retest done candidate
Inside Bar on weekly chart
low volume retest
Good fundamentals growth
Entry on CMP
with SL of 95
Targets: 138/153/165
Volume is cooking but price isn't. Volume increasing, but no movement in stock price.
Smart money is being invested.
Invest and sit. 😋
NAVNEET EDUCATIONNote:
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
