Formation of Cup & Handle PatternThe company reported good results for the last two quarters. The Q4 results will be declared on 16 June. Expected to touch 300,320.
Disclaimer: Not a SEBI registered advisor, only for educational purpose
PANAENERG trade ideas
Panasonic Energy India- Vijay Kedia Portfolio stock. Hie, In this portfolio specific series, we talk about some stock which top Indian investors hold.
In limelight today we have Vijay Kedia. He is involved in the market since he was 19. Kedia strictly adheres to SMILE as a principle in investing; which translates into Small in size, Medium in experience, Large in aspiration and Extra-large in market potential. Holding% - 1.24%
Panasonic Energy India Co. Ltd. engages in the manufacture and sale of dry cell batteries and lighting products. Its products include zinc carbon and alkaline batteries, Eneloop, and torches.
*Annual net profit declining for last 2 years
*Decline in Net Profit with falling Profit Margin (QoQ)
*Company with Zero Promoter Pledge
*Company with No Debt
or more you can check the stock out on trendlyne.com/fundamentals/financials/2166/LAKHNNATNL/panasonic-energy-india-company-ltd/
Sources credit:
Trendlyne & Wikipedia.
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The analysis is my POV , in no way it is a buy-sell recommendation. Hope you got bucks in your pocket to consult a financial advisor before investing :P :
On last trading day it has crossed descending 1/1 line On the last trading day it has crossed descending 1/1 line and if 300 level is not breached, immediate upside can be seen at 317, progreesive resistance seen at 356.
