small cap investment ideaslowing downward momentum along with doji on monthly charts, good to go if we get a close above 40!
NAVKARCORP trade ideas
NAVKAR - Investment stock with bullish reversal Scrip can be seen taking bullish reversal as prior trends however, expecting the scrip to surpass 52-week highs this time. Any pullback also could be opportunity to buy fundamentally sound company averaging down the price as previous trends shows the crucial support line to be strong reversal zone
Noticing the current price action, The scrip didnt correct much during corrections in March'18 and risk to reward ratio is also favorable
Pros:
1) Reserves more than Debts with no stocks pledged
2) The company had recieved approval for Vapi terminal which could add further to its revenues
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3) Undervalued compared to its peers, P/B favorable
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economictimes.indiatimes.com
4) The stock is highly under owned by retail investors less then 2% because of which the trading volumes are very low .69% promoter holding and 29 % institutional and Mutual fund holding. Higher rate of institutional buying/holding in FY18 makes it a conventional buy however, Promoter holdings have gone bit down
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5) Bullish MACD cross
Cons:
1) Low profit growth
2) P/S on higher side
However, one can invest aiming for 52-week highs in another 2-3 months seeing the previous trends. Moreover, The company can show progressive results with Vapi terminal also operational now adding substantially to the company revenues heneforth increasing profit margins
Navkar CorporationIf the stock manages to give a sustained close 179-180 levels, then more strength can be seen adding to the stock!
Navkar Corp : Weekly break out Triple top breakout on weekly chart any pull back toward 224-213 is good
entry for 250 -270 sl 185
Navkar Corporation LTDFundamentals-
1)A small cap company in logistics space.
2)Expanding rapidly over all at >20% YoY.
3)Decent sales/growth/profit figures.
Technicals-
1)The stock is near its one year low of 151 and is likely to pick up momentum.
Keynote-->Its a good stock that can be accumulated at every dip.
CMP-160(25th Feb'2017)
Stop Loss-154
1st target-200(8 months)
Disclaimer : I am a private Investor/trader who is just expressing his views. These are just my opinions and i am not giving any kind of free or paid calls. I am using this platform to share my knowledge and learn from other's knowledge. I might be/might not be invested in my opinions.
NOTE-->I give preference to the traders/investors who encourage me by commenting and liking my ideas.
Navkar Corporation - On watchlistCup with handle breakout can give 35-40% returns post b/o. Currently volumes are dry, one can wait for breakout with good volumes for good returns.
