Short!!!!
BUY TEXMOPIPES (a micro-cap company with good fundamentals)Its a micro cap company, don't invest more than 4-5% of your capital.
PROS (as per screener.in) -
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.74 times its book value
- Company is expected to give good quarter
- Company has delivered good profit growth of 29.09% CAGR over last 5 years
- Debtor days have improved from 53.85 to 38.54 days.
CONS (as per screener.in) -
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 2.89% for last 3 years.
- Company's cost of borrowing seems high
Buy at 55-60 (Stock is in upper circuit)
Target as per Fibonacci: 80, 100, also can keep for long term
SL: 45
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RBL: Chart set up does not look good 😥RBL
- the stock took support at 155 last time in Aug 2021 from where the stock went up
- on 27 Dec 2021 the stock broke that level decisively with a big gap down and negative closing thereafter
- going forward the stock may find it difficult to go past beyond 155-160 odd levels
- on the downside the stock may come down to 112 levels and may even go sub 100 levels before we see risk takers taking genuine interest
Take care & safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
HIND PETRO upward channel pattern BreakDown - BEARISH NOWNSE:HINDPETRO Looking bearish below 300 now. It has given a breakdown from upward channel pattern and continuing downward trend by giving a breakdown from this channel pattern. Short below 300 after passing a retest from channel's trendline resistance. Hind Petro has a strong support zone near 375 following a long term trendline. it may reverse from it and can give a reversal after touching 372-375.






















