Cheviot Company Ltd | A Trending sector Established in 1897, Cheviot Company Limited is a flagship company of Group Cheviot. The company is engaged in manufacturing and sale of jute goods like Sacking, Hessian and Yarn. Located in West Bengal, the company is recognized as a Trading House by the Government of India Market Cap =₹ 914 Cr. ROCE = 12.7 % ROE ...
- Cup and Handle pattern - Need a green candle close with good volume above resistance line
Weekend Pick 2: Cheviot Fundamentals : Strong, Consistent growth on Sales, Profits and EPS. Strong Reserves vs almost debt free. Healthy dividends ! Technicals : Bullish HNS pattern formation. R 1: 1340 R 2: 1490 R 3: 1650+ SL : 1100
disclaimer- this is not any investment call or idea , this just my view and it can go wrong ,this is only for educational purposes trade at your own risk :)
Buy at current price level immediate target 1200 With SL any candle close below current candle
Cheviot Bullish Setup : Volatility contraction, Institutional volume support. Nifty is correcting so trade with less amount with SL.
Seems Cheviot company is respecting its previous gap up point as support. Can be a buy above 1320 levels.
Cheviot is showing a Symmetrical triangle pattern formation and also providing a dividend of 175 Rupees, and according to news "VIJAY KEDIA" Sir have also recently invested in this stock
Disclaimer:I am NOT SEBI registered. THE OPINION GIVEN OR THE CHARTS PRODUCED HERE ARE FOR MY PERSONAL REFERENCE ONLY AND THEY ARE NOT ANY BUY OR SELL RECOMMENDATIONS. Kindly consult your investment advisor and family members before investing.
see immense potential in the following stock , with a potential to deliever great returns , as due to political decision of plastic ban .. that will likely t be followed by different government as well in near future !
Recomended buy price is in the range of 925-940 SL -790