Thangamayil Jewellery cmp 1911 by Daily Chart viewThangamayil Jewellery cmp 1911 by Daily Chart view
- Support Zone 1850 to 1900 Price Band
- Resistance Zone 2050 to 2100 Price Band
- Symmetrical Triangle Breakout in the making process
- Price is currently testing retesting the Support Zone band
- Price action momentum respecting Rising Support Trendline
- Volumes are flat and need to increase for the upside momentum
THANGAMAYL
Affordable Gold during Festive SeasonThangamayil Jewellery Ltd
Gold Chart is looking weak as attached below and I'm assuming that Gold would get even cheaper in days to come. Hence, I believe with this festive season being majorly Covid free, people may want to celebrate extravagantly after the low key past couple of years.
The only drawback here is that Pledged percentage is 14.8 %
Promoter holding 66.7 %
Market Cap 1,810 Cr.
Stock P/E 27.8
Industry P/E 37.1
Dividend Yield 0.76 %
ROCE 11.5 %
Face Value 10
Debt to equity 1



