MAHEPC trade ideas
mahindra Epc1)price start making higher high &higher low
2)price retrace in bigger trend 38%,in short term trend 62% & divergence
3)Bullish engulfing candle conformed trend
4)Entry if price sustain above bullish candle 1hr entry
5)stop loss below recent swing low
Standing on supportStanding on support at 180. Further up move possible if this 1/1 support is continued to be held
Mahindra Epc irrigation break out in chartMahindra Epc irrigation stock a clear breakout in chart with heavy volume.
Long Mahindra irrigation @135.6 SL@ 120I took a pilot position at 135.6 and I will be looking to add at minor corrections.
Technical: stock quickly recovered from recent COVID-19 crash lows. It has surged around 100% from its low and held its gains. price wise, it looks strong
Fundamental:
This stock shows decent sales and profit growth.
5 years of sales growth - 8.28%
5 years of profit growth - 7.87%
Margins at a record high of 13%, Overall Debt has increased however its only 0.08%
TTM earnings up 110%
MAHINDRA EPC BULL Run to 140 147.55 156.6 164 171MAHINDRA EPC BULL Run Next Targets
140 147.55 156.6 164 171
Mahindra EPC -- A good BET amidst COVID MAHINDRA EPC IRRIGATION SEEMS TO BE A GOOD PICK considering its healthy earnings growth alongwith strong balance sheet
Technically flag breakout is visible with very good volumes which can take stock to the levels of 140++ in very short term
Since the company activites are under essential items ,the business will not be effected due to covid crisis
Highly Bullish for target of 140+ & 175+
