Stock have given has given 45% returns in last 5 trading sessions.
Rs300 to 280 can be a good price to enter, but risk takers can enter at any point.
Company delivered good profit growth of 127% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 26.0%
Company has been maintaining a healthy dividend payout of...
Date : 03-03-2024
Buy SKM EGG PRODUCTS above 291
Target of 318-342-398-424-453-474-498-548-648
SL 243
Strategy : Trendline Reversal- bottom pick
Duration few Weeks to Months
Please consult your financial advisor before investing
All research for educational purposes only.
SKM Egg Products Export (India) Ltd is engaged in the manufacture and sale of egg powder and liquid egg with varieties of blends used in various segments of the food industry and in the health sector.
Market Cap
₹ 1,094 Cr.
Current Price
₹ 415
High / Low
₹ 560 / 121
Stock P/E
9.07
Book Value
₹ 95.6
Dividend Yield
0.60 %
ROCE
46.4 %
ROE
48.2 %
Face Value
₹...
#SKMEGGPROD trading above Resistance of 487
Next Resistance is at 556
Support is at 285
Here are previous charts:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please...
The price breached an ascending triangle pattern and is above its ATH price. It was locked in upper circuit on Friday close.
Always trade with proper position sizing and put a stoploss in the system.
#SKMEGGPROD trading above Resistance of 351
Next Resistance is at 487
Support is at 225
Here are previous charts:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult...
#SKMEGGPROD trading above Resistance of 285
Next Resistance is at 351
Support is at 181
Here is previous chart:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your...
Stock Name - Skm Egg Products Export (india) Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 266
#This is not Buy and Sell recommendation to any one....
Cup and handle seen on Monthly and stock giving good result in last few quater.
Can't share exact Stop Loss as price is already high and at risk.
Targets can be 2-2.618 Fibonacci or more.
DISCLAIMER:
There is no guarantee of profits or no exceptions from losses.
The stock and its levels discussed are solely the personal views of my...
Recommendation: Enter now at the lower support lines and exit at the upper resistance line.
Why I am personally bullish on this stock ?
1. Bullish Price Channel
2. Strong Fundamentals
a) Quarterly Sales increased from 77 crores (Dec 2021) to 182 crores (Dec 2022).
b) Quarterly Operating Profit increased from 4 crores (Dec 2021) to 46 crores (Dec 2022).
...
Stock Name - Skm Egg Products Export (india) Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 157
#This is not Buy and Sell recommendation to any one....
Price is breaking the trendline with volume. Buy above 65 with the stop loss of 60. Targets are 76, 84 and 98. Always trade/invest with stop and book profit in time.
