Essarshipping - C&H Breakout - Retest- Buy above 37Essar Shipping - made cup and handle break out on 3rd June with great volumes at 34 Rs. There after the stock went up to to 69 and now it retraced to its previous breakout point ie. 34. The current Results are excellent and makes perfect entry above 37 for targets of 50/70, with Stop loss of 33.50
Views valid only above 37.
Essar Shipping quarterly results ending 30-Sep-2024 -
Revenue at 247.97Cr vs 11.76Cr
PBT at 639.12Cr vs -36.75Cr
PAT at 642.14Cr vs -35.92Cr
EBITDA at -6.48Cr vs -20.81Cr
EBITDA Margin at -4.38% vs -491.96%
EPS at 3.3 vs -1.58
Disclaimer : Not a recommendation. Please do your own due diligence
