Will luck favor this engineering conglomerate?NSE:GOODLUCK
Technicals:
--> Stock nearing an all-time high
--> Price is climbing steadily with increasing volumes
--> Base formation will complete at the all-time high
--> Relative strength stronger than the benchmark
Fundamentals:
--> ROE/ ROCE ~ 16-17%
--> Debt to equity ratio is fair (1) with
Key stats
Market capitalization
11.63BINR
Dividends yield (FY)
0.82%
Price to earnings Ratio (TTM)
13.30
Basic EPS (TTM)
32.30INR
About GOODLUCK INDIA LIMITED
ISIN
INE127I01024
Sector
Non-Energy Minerals
Industry
Steel
Website
goodluckindia.com
CEO
Ram Agarwal
Headquarters
Ghaziabad
Employees
2.299K
Founded
1986
Goodluck India Ltd. engages in the manufacture and sale of steel products. It offers galvanized pipes, square and rectangular pipes, cold drawn welded (CDW) tubes, cold rolled (CR) coils and sheets, forgings, fabricated steel structure, and transmission and telecom towers. The company was founded on November 6, 1986 and is headquartered in Ghaziabad, India.
YR 2022 Idea #153: Long on GOODLUCK This is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At
Target 1 Done | 28% Gain in 53 days | GoodluckTarget 1 Done | 28% Gain in 53 days | Goodluck
The entry was triggered at 302 on 15th Nov 2021, after which the overall market witnessed a correction.
Fortunately, after the entry the market structure held well and the SL placed at 259.40 remained intact. Actually the market missed the SL of 259.
Goodluck: Will good luck shine to give a +47% gain?Goodluck: Will good luck shine and give a +47% gain?
What is the trade idea?
Stock has risen 441% within 20 weeks and formed a good 3T VCP pattern. Now it's been consolidating for a good 14 weeks. The entire consolidation is occuring in a high and tight range, and with the low risk range that’s c
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Income Statement
Balance Sheet
Cash Flow
Earnings
Next:—
0
Revenue
0