NCLINDIA - heading towards 300 and beyondNSE:NCLIND
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The objective of this analysis is knowledge sharing and education. There isn't any buy or sell advise in this article. Every stock is held for a short to medium amount of time and is positional.
It is expected of each person to carry out independent research and evaluation to ascertain whether my perspective is consistent with your studies.
NCLIND
NCLIND | Swing Trade📊 DETAILS
Sector: Cement
Mkt Cap: 1,002 cr
NCL Industries Ltd is principally engaged in the business of manufacturing and selling of Cement, Ready Mix Concrete, Cement Bonded Particle Boards, Doors, and operates two Small Hydro Power projects.
TTM PE : 13.46 (Average PE)
Sector PE : 49.58
Beta : 0.27
📚 INSIGHTS
Strong Performer
Stock with consistent financial performance, quality management, and strong technical momentum indicating good investor enthusiasm. Currently valued at Good to expensive valuation
10.12% away from 52 week high
Underperformer - NCL Industries up by 5.47% v/s NIFTY 50 up by 6.73% in last 1 month
📈 FINANCIALS
Piotroski Score of 7/9 indicates Strong Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
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NCLIND Weekly looking bullishNCLIND Weekly chart has trendline breakout, 200 ema support , Good to buy at 223.35 for target of 305 with sl below 193.60
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#NCLIND add to your watchlist!!!!!This scrip seems good for short term investment once it gives a decisive breakout.
If you're a short term investor then you can add this scrip to your watchlist. The scrip has potential to move 60-80% from the breakout.
Also see my other ideas for more such simple swing trading setups with high R:R ratio and highly accurate predictions.
Regards