Cup and handle pattern in GUJRAFFIA - Multi year breakout.A cup and handle pattern is clearly visible on the daily charts while on the weekly charts, stock has broken a long-term resistance around Rs 76.
I would consider this pattern to be bullish and targets of around 110 can be seen in a few weeks. We can expect a minor consolidation before a breakout a
Key stats
Market capitalization
133.545MINR
Dividends yield (FY)
—
Price to earnings Ratio (TTM)
14.10
Basic EPS (TTM)
1.85INR
About GUJARAT RAFFIA IND
ISIN
INE610B01024
Sector
Producer Manufacturing
Industry
Miscellaneous Manufacturing
Website
griltarp.com
CEO
Pradeep Kumar R. Bhutoria
Headquarters
Gandhinagar
Employees
110
Founded
1984
Gujarat Raffia Industries Ltd. engages in the manufacturing of tarpaulin and polypropylene bags. Its products include HDPE tarpaulins, PP bags, wagon cover, fumigation covers, vermibed, geomembrane, azollla bed, grow bags, tents, plastic sheeting, and PP ropes. The company was founded on July 30, 1984 and is headquartered in Gandhinagar, India.
Income Statement
Balance Sheet
Cash Flow
Earnings
Next:—
0
Revenue
0