Sumjeet Industries This Penny Stock Hitting Bottom line
If you Penny Stock investors than go for it
This stock made high of ₹33
If you see one day time frame W Pattern formation and BREAKOUT of W Pattern
Hold it for Double your capital and Above
STOP LOSS should be a it's low
SUMEETINDS trade ideas
Long Sumeet for quick gainsLong sumeet at current levels
Huge buying
Stock expected to retrace quickly
Sumeet Ind Ready to Take OffSumeet Industries is extremely oversold as per rsi indicator.
I see kite pattern on chart ;-)
Sumeet can go upto the levels of 42 to 45 in short term and breakout above 45 opens up for higher levels which can lead it to 56 to 60 level in medium term.
Sumeet fundamentals are also good and one can check on any financial site or bse nse official site.
Disclaimer : The stock picks are purely a view point of individual and there is no guarantee on the returns. Hence all the visitors are requested to apply their prudence and consult their financial adviser before acting on any of the recommendations by this any of its mode. I do not take responsibility of any losses incurred (if any) by acting on the recommendations.
Resistance break out Levels all mentined on the chart.
This going to be a long term trade
our target 2 times more than our risk.
Sumeet Industries : Quoting Near Support Zone ... {Bullish}To All Members , Sumeet Industries (A Textile Sector Company) Looks Good To Buy For Short Term ... It is Near the Reversal Zone And Made Rounding Bottom Pattern on Weekly Chart {Most Successful Pattern} ... Overall , It Looks Good For Short-Mid Term ...
Approach it for :
1st Target : 35.5 Rs. And By Crossing it :
2nd Target : 42 Rs. & 3rd Target : 50 Rs.
Have A SL At 28 Rs. For First Target And 33.5 Rs. For Second Target & 38.5 Rs. For Third Target .
Here Are the Fundamentals Of the Company :
Earning Per Share (EPS-TTM) : 6.13 Rs. , Price/Earning Ratio : 4.89 : Industry P/E Ratio : 6.66
Book Value : 47.89 Rs. , Price/Book Ratio : 0.63
Face Value : 10 Rs. With Return On Net Worth Of Around 13%
Overall , It is Good Share By Fundamentals As Well As Technical ... Grab It ... Good Luck !!!
sumeet industries- flag setupsumeet industries has formed a beautiful flag pattern .
buy for a breakout above 40 sl 30.5 cmp 32.9
sustained closing above 40 will open a big target .
HIGHLY BULLISH ON SUMEET INDUSTRIESHigher Top Higher Bottom formation started in Sumeet Industries and it has recently came out above the ichimoku cloud so trend is clearly bullish on chart. Medium Term Target is 30
Disclaimer : The stock picks are purely a view point of individual and there is no guarantee on the returns. Hence all the visitors are requested to apply their prudence and consult their financial adviser before acting on any of the recommendations by this any of its mode. I do not take responsibility of any losses incurred (if any) by acting on the recommendations.
