RattanIndia Enterprises Stock AnalysisFlag and Pole Pattern. All Targets are Mentioned on the screen in a monthly time frame chart
PS - This is Chart analysis and not a Buy or Sell Recommendation.
Rattanindia
RATTANINDIA ENT LTD[W]-Strong chartRATTANINDIA ENT LTD -Strong chart formation upside potential 50-70% in short term-
Trade with STOPLOSS only
RATTANINDIA ENT - 180% RETURNS!!!BUY - RATTANINDIA ENTERPRISES LTD
CMP - Rs. 38
Target - 1: Rs. 47
Target - 2: Rs. 67
Target - 3: Rs. 105
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Technicals -
1) Bullish Symmetrical Triangle - nearing BO
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Fundamentals -
SWOT Analysis -
1) Strengths:
Consistent Highest Return Stocks over Five Years - Nifty500
Stocks with improving cash flow, with good durability (subscription)
Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year
Efficient in managing Assets to generate Profits - ROA improving since last 2 year
Growth in Quarterly Net Profit with increasing Profit Margin (YoY)
Company with Low Debt
Annual Net Profits improving for the last 2 years
FII / FPI or Institutions increasing their shareholding
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2) Weaknesses:
Promoters increased pledged shares QoQ
A decline in Quarterly Net Profit (YoY)
Decline in Net Profit with falling Profit Margin (QoQ)
High promoter stock pledges
The highest increase in pledges by promoters
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3) Opportunities:
Undervalued Growth Stocks
Insiders bought stocks
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4) Threats -
Red Flag: Large Swings Between Profit and Loss
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This is just a view, please trade at your own risk.
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Rattan India - Possible Cup & Handle PatternRattan India has seen sudden interest by investors after the recent Govt guidelines on Drones. The company is in to diversified business including bikes & power
Stop loss and all potential targets mentioned on the chart.
****Educational Content - not to be treated as recommendation ***
RattanIndia Enterprises Ltd - 14.03.2022RattanIndia Enterprises Ltd - 14.03.2022
The stock is trading @ 50.75 levels (UPPER CIRCUIT - 10% band)
The prices are at Resistance Zone
The prices are above EMA
One can initiate a buy position with strict support @ 47.20
RSI is 53 in Weekly Chart
watch out for the price action
