BALAMINES trade ideas
High Quality fundamentally Sound with Exceptionally good resultKeep them in Radar for medium term and accumulate in every dip in Market.
Result is Exceptionally good buy them if you get these near 50 Day moving Average.
1)RETURN ON EQUITY - 10%
2)RETURN ON CAPITAL EMPLOYED - 12%
3)EPS GROWTH RATE - 131%
4)SALES GROWTH RATE - 31%
5)TOTAL FREE FLOAT SHARE - 16 CRORE
6)INSTITUTIONAL HOLDINGS - 10.85 crore
Total Numbers of Funds investing in this company is 600++
Result is Exceptionally good one should buy it for medium term at least for 3-4months
Mutual funds Institutions holds a good number od share that is always good for the company
Currently gave breakout of cup can now retest
2950-3000 levels is a good zone for buying
50EMA is near 3000 it can bounce back from there.
Balaji Amines Ltd - 18.06.2021Balaji Amines Ltd - 18.06.2021
The stock has made a low of 2451.70 during the week
Prices are below ema
There is a Hammer Formation in Daily Chart
There is a Stochastic Bullish Divergence in Daily Chart
Let the high of Hammer (2653) be taken off and prices go above ema (2669), one can initiate a long position with support @ 2565
watch out for the price action