Sunflag - Upward consolidationSunflag in an upward consolidation stage. Will break the new resistance . New highs can be seen within 15-20 days .
Key stats
Market capitalization
26.772BINR
Dividends yield (FY)
—
Price to earnings Ratio (TTM)
2.40
Basic EPS (TTM)
61.95INR
About SUNFLAG IRON & STEEL CO.LTD
ISIN
INE947A01014
Sector
Non-Energy Minerals
Industry
Steel
Website
sunflagsteel.com
CEO
Pranav Ravi Bhushan Bhardwaj
Headquarters
Nagpur
Employees
3.114K
Founded
1984
Sunflag Iron & Steel Co. Ltd. is a holding company, which engages in the manufacture and trade of iron and steel products. It offers flat, round, and bright bar, wire rods of alloy, spring, and stainless steel. The firm's products are mainly used for the manufacture of Automotive Transmission Gears, Drive Shafts, Steering System, Bearings, Exhaust System and Engine Components through hot forging, cold forming and machining operations. The company was founded by Satyadev Bhardwaj on September 12, 1984 and is headquartered in Nagpur, India.
Sunflag Iron & Steel Company Ltd - Long callSunflag Iron & Steel Company Ltd Analysis report.
Stock has broken 10 years trend line with gapup indicating strong momentum.
also forming inverted head and shoulder.
Safe to enter near neck line - sock may retest the neck line.
entry 153
SP - Trendline - 143
Target 190 :)
SUNFLAG Bullish; above 151 on Monday 20 Mar for IntradayExercise caution as broader market is bearish.
Please check out the INTRADAY Trading Strategy in the COMMENTS section below during the live market hours:
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1) Impulse upmove stage
SUNFLAG IRON & STEEL - 40% RETURNS!!!BUY - SUNFLAG IRON & STEEL
CMP - Rs. 149
Target - 1: Rs. 170
Target - 2: Rs. 210
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Technicals - Price Volume Breakout accompanied by Ascending Triangle Breakout
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Ascending Triangle pattern BOSUNFLAG
- Ascending Triangle BO
- Increase in volume during BO
- HL into the resistance
- Above all important Moving Avg.
- Bullish RSI in all bigger tf.
- Showed strength during the Weak market.
Sunflag Looks good above 151Sunflag Looks good above 151
Multiyear Breakout
Lifetime High Closing
Looks good for 30/50% hereon
#sunflag #investing #trading #multibagger
SUNFLAG near ATM with good volumeSUNFLAG near ATM with good volume and momentum, closing above 151 on a daily time frame will make a quick move upside
Note : we can see negative RSI on daily time frame, SL can be placed at 135 on daily time frame close basis.
SUNFLAG - Ichimoku Bullish Breakout Stock Name - Sunflag Iron And Steel Company 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 crossi
SUNFLAG IRON & STEELMarket Cap 1,608 Cr.
Promoter holding 51.2 %
Pledged percentage 0.00 %
Intrinsic Value 453
Stock P/E 7.72
Industry PE 16.70
ROCE 15.8 %
ROCE3yr avg 12.2 %
ROE 13.2 %
ROE 5
Sunflag iron stage 1 breakout.Sunflag iron stage 1 breakout.
Stop loss 136.
Only for information. trade at your own risk
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Income Statement
Balance Sheet
Cash Flow
Earnings
Next:—
0
Revenue
0