Mallcom (India) Ltd
Established in 1983, Mallcom (India) Ltd. is an ISO certified and government-registered star trading house. The company is in the business of manufacturing Personal Protective Equipment and Industrial Safety products.
Financial =strong
Market Cap ₹ 649 Cr. Stock P/E 18.9 ROCE 20.5...
price has retraced to 200 day EMA and now moved up and crossed 18 and 50 day EMA
price has also crossed the resistance level at IPO launch
considering the pattern evolution , can double in 8 months
for short term target and SL marked
Mallcom India Ltd is trading in a range. Stock is in uptrend in longer time frame. Seems stock is getting prepared for next run up. Keep on radar for closing above 1150.
Mallcom India Ltd is looking good on weekly time frame. Stock is consolidating in a range and trading near breakout level. Keep on radar for weekly closing above 1150.
simple ORB strategy....i will buy near EOD if the price trade above the blue line..after enter(SL) red line below close candle in D' chart i will come out .....target minimum 12% and above
its just my view educaltional purpose only
A great proxy to India Capex Boom.
- Mental model = Consolidating Market share from unorganized market. Also, Import Substitution.
- Business Update:
GoI has upgraded their rating to 3 Star supplier.
-Technical:
Fall wedge pattern break out.
#Invested: Hence, Biased. Take your own call. :)
