Search in ideas for "Magnet"
FLAG AND POLE BREAKOUT- PERMANENT MAGNETS LTDPML has given Flag and pole breakout on weekly charts. Ideal time horizon for tgt of Rs 500 should be 5-8 weeks, giving a potential upside of 35-40% from CMP 350-360.
The stock seems to be a good investment bet and can be accumulated between 325-350 levels.
The setup will be invalid if it closes below 280 DCB.
Permanent Magnets is one of the flagship Companies of Taparia Group, Mumbai and one of the leading manufacturers of Alnico Cast Magnets and Yoke Assemblies, Parts and accessories of electricity meters in the world. PML has started with supplies of Gas meters parts and accessories.
The main driver of ROE trend over last 10 years is Net Profit Margin
Company has made significant capex in last 3 years which might be affecting it's ROCE and ROE
Company has a lot of operating leverage. Increase in sales can result in disproportionate increase in operating income
ROE
Latest 29.91%
3yr Average 34.62%
5yr Average 24.18%
ROCE
Latest 38.99%
3yr Average 46.52%
5yr Average 35.03%
NET PROFIT MARGIN
Latest 13.44%
3yr Average 10.51%
5yr Average 6.91%
DEBT TO EQUITY
Latest 0.04
3yr Average 0.35
5yr Average 0.7
Permanent Magnets Ltd - Resistance + Trendline Breakout 📊 Script: PERMAGN (PERMANENT MAGNETS LTD.)
📊 Sector: Electrical Equipment
📊 Industry: Engineering
Weekly Time-frame
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
📈 Already Crossover in MACD .
📈 Already Crossover in Double Moving Averages.
📈 Volume is increasing along with price.
📈 Script has given Trendline Breakout which was working as resistance(sown in chart) in both time frame daily as well as weekly.
📈 Current RSI is around 83.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 507
🟢 Target 🎯🏆 - 597
⚠️ Stoploss ☠️🚫 - 468
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
#Nifty #fallingwedge on hourly chartsNifty on hourly timeframe is showing a falling wedge formation with double bottom placed at the bottom of the falling wedge channel and also a very important support placed around 16800-16850 support zone band.
20 DEMA is placed around 17400 currently and as that acts a magnet, it can't be ruled out that price is going to a move around that.
This zone is also currently coinciding with the around 50 to 61.8% pullback zone of fall from 17800 to 16830 levels.
Price is also showing a consolidation in around 250 to 280 points range and a breakout above it would also suggest hourly double bottom range breakout, the range targets are also coinciding with similar target zone as visible from the above two observations.
So, possibility of 17350+ can't be ruled out in short term in Nifty and further assessment of price action can be done from there on.
Happy Trading :)
KRIDHAN INFRA-BAT ACTION MAGNET MOVE ON FUNDAMENTALSThe core technical concept that the potential gartley can fail structure and fall into a extension pattern is being developed on the fundamental analysis ....i will mentioned an example of such a failure of structure a little later in this description..
I expect the RSI BAMM trigger to activate at the potential reversal zone of the crab...
It is prudent to understand this is a bearish structure in formation on the back of expectations and discounting...
Perfect bubbles for compounding returns...
updates of kridhan infra used for this analysis can be found in the following links..
Kridhan Infra Limited wins order worth INR 1,340 million in Singapore.
www.bseindia.com
latest investor presentation..
www.bseindia.com
dec investor presentation introducing VNC orderbook and potential
www.bseindia.com
Press Release announcing that Kridhan Infra Limited acquired 41.47% stake in Vijay Nirman Company Private Limited
www.bseindia.com
This idea is in addition to the previous once discussing the possibility of formation of a gartley based on fundamentals
if anyone is interested anout the fundamentals of this company, you can view this thread which we are a part of..
forum.valuepickr.com
Disclaimer...2nd larget holding in my PF..This are completely my personal views
Not an investing/trading recommendation
Example of a BAMM morphing in cryptocurrency...
KRIDHAN INFRA-BAT ACTION MAGNET MOVE ON FUNDAMENTALSThe core technical concept that the potential gartley can fail structure and fall into a extension pattern is being developed on the fundamental analysis ....i will mentioned an example of such a failure of structure a little later in this description..
I expect the RSI BAMM trigger to activate at the potential reversal zone of the crab...
It is prudent to understand this is a bearish structure in formation on the back of expectations and discounting...
Perfect bubbles for compounding returns...
updates of kridhan infra used for this analysis can be found in the following links..
Kridhan Infra Limited wins order worth INR 1,340 million in Singapore.
www.bseindia.com
latest investor presentation..
www.bseindia.com
dec investor presentation introducing VNC orderbook and potential
www.bseindia.com
Press Release announcing that Kridhan Infra Limited acquired 41.47% stake in Vijay Nirman Company Private Limited
www.bseindia.com
This idea is in addition to the previous once discussing the possibility of formation of a gartley based on fundamentals
if anyone is interested anout the fundamentals of this company, you can view this thread which we are a part of..
forum.valuepickr.com
Disclaimer...2nd larget holding in my PF..This are completely my personal views
Not an investing/trading recommendation
Example of a BAMM morphing in cryptocurrency...
GbpAud buywe can see here a buy opportunity for a good risk reward..
here is maket take inducement and break the demand zone (failed OB) and EGL.. lets watch how react the market at our final POI.. .
guys i hope u like my work .. plz motivate me from ur likes and comments if u finding analysis helpful.. thank






















