SCHAND trade ideas
SCHAND: Take advantage of Swing & History.@ 334.75 CRUCIAL for T+1 days
#1. If Hit Intraday: Confirmation of Trend Reversal.
#2. If Missed but made high above @ 331.80: +VE BIAS Intact.
Best LONG: @ 322.70 - 321.60
Aggressive Traders Entry: LTP +/- 0.5%
T+2 TGTS: @ 328.00 - 331.05 - 333.00 ....... more on chart.
Closing SL: 318.50-, TSL: @ 315-
Education purpose only.
Accumulate S Chand for long termStart accumulating and add on dips up to 470.
Maintain targets of 585 and 610
S Chand & Company:478 RES:555 &615 stop:460S.Chand story is about what makes a business grow at an invigorating jump, expand its horizon, build a prestigious brand and stand tall amongst its competitiors, really empowering the minds.
Stock is consolidating around 470, trading in a symmetrical triangle. On break above 499 resistance is at 555 & 615. STOP:460
Market Cap.: ₹ 1,677.51 Cr.
Current Price: ₹ 481.50
Book Value: ₹ 188.68
PE: 28.98
Dividend Yield: 4.67%
ROE: 16.34%
Equity shares: 3.48cr
EPS: ₹ 16.74
Debt to equity: 0.61
Note: keep in mind that, major revenue is from schools books publishing, definitely wiil show up a cyclical progression.
