Strong fundamental with technical chartMONTHLY chart with longterm view.
Only for educational purpose.
Not a buy sell call
MONARCH trade ideas
MONARCH (AT BREAKOUT LEVEL)Above 690 ABCD will be activated.
Targets are 755, 836, 926
SL-590
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I am not a SEBI Registered. This analysis is purely for educational purposes only.
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monarch monarch is looking good for long term, but for few days it will do consolidation and accumulation for big move , so its best buy around my mentioned level, with strict stoploss for the big target in next six to nine months
Monarch-It might increase your networth ;)Monarch has been in good bull run like other broking stocks.
It has been consolidating since few months and has finally given breakout of descending triangle pattern with good volumes.
Company has been posting amazing results recently which shows good growth.
Keep stock in watchlist. Not a recommendation.
Monarch Networth Capital Ltd Bullish Pattern Current price 573
ABOUT :-
Monarch Networth Capital Limited is a provider of financial services in pure stock broking, primary market operations, mutual funds, insurance and financial planning. It is a strategic amalgamation of two financial service providers Monarch Group of Companies and Networth Stock Broking Ltd.
FUNDAMENTAL:-
Market Cap
₹ 1,939 Cr.
Current Price
₹ 573
High / Low
₹ 690 / 283
Stock P/E
13.3
Book Value
₹ 102
Dividend Yield
0.17 %
ROCE
51.5 %
ROE
43.1 %
Face Value
₹ 10.0
PROS:-
Company is expected to give good quarter
Company has delivered good profit growth of 58.5% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 35.8%
Company's median sales growth is 30.6% of last 10 years
MONARCH Next Target 600 !!MONARCH looks good we will see upcoming days when stock reached 600
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MONARCH NETWORTH CAP LTDMONARCH - Short term
Strong volume, keep your radar to catch the momentum
Buy above 437 | Tgt 455, 480 | sl 420
It's my view, to trade on your analysis
#MONARCHCMP - 408
SL - 390 (DCB)
Target - 420, 450
Stock trading near ATH and consolidating in the range.
Maintain strict SL
Monarch ready to fly Above all key moving averages and slowly inching towards 52WEEK high.. Expected to give good returns
